RNDRUSDT
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*Mars Signals Team wishes you high profits*
This is a one-day-time frame analysis for RNDRUSDT
As we analyzed on April 23, we predicted a rise to happen and here we observe a great rising trend which means our expectation happened correctly. In the present chart, R1 is the resistance area to mention and it expresses the unsuccessful attempts of price in order to rise. S1, S2, and S4 used to be the resistance areas. And finally at the bottom, S3 is a long-term support line in which the support of price at various points is clearly seen. We can observe that the price was in a rising trend when it broke S4 upward and could rise toward S1 but at some rejections, it faced a decline down to S3 line at which it received well supports and finally at its last point support, it experienced a notable rise toward higher amounts. The existence of some candles with shadows at R1 shows the pressure of sellers which made the price to fall again via two negative Marubozu Candles. Hence, it is fluctuating over S1 when it was supported there and we believe the price to have another increase by giving us more fixation and rising signs and then more increase is waiting for it up to R1; that is a good point for having your profits saved but wait for the price to reach this area and after retesting the market situation and the trend of the price, you can make sure of saving your profits. By the time we have the fluctuation of price over S1, we won’t have so much decline. Bear in mind that by the time the price loses the support at S1 and moves below this area, it faces more decline certainly toward S2. Our suggestion is less decline when the price is moving and fluctuating over S1 line. Please be cautious about various points and details and remember that for enjoying less risky trades. You can obtain every piece of information and details through our analyses and updates. So keep moving with us.
Warning: This is just a suggestion and we do not guarantee profits. We advise you to analyze the chart before opening any positions.
Good luck
*Mars Signals Team wishes you high profits*
This is a one-day-time frame analysis for RNDRUSDT
As we analyzed on April 23, we predicted a rise to happen and here we observe a great rising trend which means our expectation happened correctly. In the present chart, R1 is the resistance area to mention and it expresses the unsuccessful attempts of price in order to rise. S1, S2, and S4 used to be the resistance areas. And finally at the bottom, S3 is a long-term support line in which the support of price at various points is clearly seen. We can observe that the price was in a rising trend when it broke S4 upward and could rise toward S1 but at some rejections, it faced a decline down to S3 line at which it received well supports and finally at its last point support, it experienced a notable rise toward higher amounts. The existence of some candles with shadows at R1 shows the pressure of sellers which made the price to fall again via two negative Marubozu Candles. Hence, it is fluctuating over S1 when it was supported there and we believe the price to have another increase by giving us more fixation and rising signs and then more increase is waiting for it up to R1; that is a good point for having your profits saved but wait for the price to reach this area and after retesting the market situation and the trend of the price, you can make sure of saving your profits. By the time we have the fluctuation of price over S1, we won’t have so much decline. Bear in mind that by the time the price loses the support at S1 and moves below this area, it faces more decline certainly toward S2. Our suggestion is less decline when the price is moving and fluctuating over S1 line. Please be cautious about various points and details and remember that for enjoying less risky trades. You can obtain every piece of information and details through our analyses and updates. So keep moving with us.
Warning: This is just a suggestion and we do not guarantee profits. We advise you to analyze the chart before opening any positions.
Good luck
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.