RNDRUSDT on daily resistance, likely to pullback to 2.068The price hit the daily resistance DR1 and currently being pushed down. A short trade is favored by the probability here. The price is likely heading towards the of the daily support zone sitting around 2.02-2.06. The target of the trade should be around 2.068. Other relevant resistance and support levels are also marked on the chart. In general on larger time frame, I think the price is heading for the weekly resistance WR1 around 2.6-2.75. But for this post, lets focus on this short trade setup.
Rndrusdtsell
RBDRUSDT heading daily resistance offering short opportunityHere are the new support and resistance levels for this pair. The price found support on daily support DS2 and moved up the daily support DS1. I see price heading towards daily resistance DR1 which will provide a short opportunity. I wait for the price to reach there and depending on the price action, will take the short. I will post the setup in case I take it.
RNDRUSDT at 4h resistance and getting pushed downSo the resistance is doing its job. Though wanted to take a short trade from that resistance zone but could not as was not on screen. Anyways, now next logical support if this push back continues is the 2.63-2.64 zone as marked on the chart.
Just noticed that 2.68 zone can also act as a support and have marked that also on the chart. Not sure if that is good enough but expect some bounce there.
RNDRUSDT trading around 4h resistance, likely to head to 2.55The price is at 4h resistance again. Well, it can break the resistance this time but still short is favorable here. I would bet for a short here with a small position size. Target is 2.55.
RNDRUSDT likely head down towards daily support around 2.45Since the price has broken down the previous 4h support conclusively and trading below it, I would expect it to aim towards daily support. The daily support zone lies around 2.45-2.46. However, it may breach lower towards 2.36 as well. But anyway, that would be an opportunity for a long trade.
RNDRUSDT likely have reversal from weekly support 1.70-178So here are the support levels for this pair. The first support is the daily support zone around 2.313-2.392. The next one is a better and stronger support version which is weekly support around the zone 1.70-1.78. And the best one is the monthly support around the zone 1.391-1.459. Now the question is which strong will make the price reverse. It can be daily but I will bet more on the weekly support. Monthly support is a the most favorable place for reversal long bet but the price reaching there is not as likely as it will till weekly support. But lets watch how the price action develops in coming days. If the price crosses monthly support, then that will provide us a long opportunity as well.
RNDRUSDT at resistance, a retrace likelyThe price has hit 4h resistance. I expect a pullback from here. Actually I am expecting more than a pullback. The price may slide to the next 4h support around 2.26 zone. Lets see how it develops. I will adjust the targets accordingly.
