RENDER (RNDR) UPDATE - $10 OR $18 INCOMING AFTER 7RR TRADE SETUP
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So following through on the past analysis where I called it bullish for BINANCE:RNDRUSDT at $6.703 which is now over 40% gain just after hitting the 7RR trade setup (see all chart below) I bring you the update in full.
It is very simple. Either we have completed our wave 4-orange and we are heading straight to the wave 5 at around $14-18 right now (dotted line) where we have already completed wave 1 & 2-green or this is just a corrective wave rather than impulsive. Whichever scenario plays out, there are few commons between them and that is the fact that we could get a retracement from this point and both scenario will reach $10.555 being the 1 to 1 level, Golden Zone Fibonacci level and the resistance. So there is a common ground there. It is like a magnet all confluences attracts to there so watch out.
PREVIOUS ANALYSIS
OTHER ANALYSIS
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Guys I just discovered that the 1:1 Fibonacci extension is at 10.344 not entirely 10.555 so if you would like to take partial profit on this trade now is the time. BINANCE:RNDRUSDT
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Partial profit taken next round is $14 BINANCE:RNDRUSDT
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Touch down then bounce, love the accuracy BINANCE:RNDRUSDT now its either of the 2 scenarios on the chart, the blueprint is there!
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Hope you took some profit at the top for BINANCE:RNDRUSDT as it could be dropping back as low as $5 (unconfirmed)
המידע והפרסומים אינם אמורים להיות, ואינם מהווים, עצות פיננסיות, השקעות, מסחר או סוגים אחרים של עצות או המלצות שסופקו או מאושרים על ידי TradingView. קרא עוד בתנאים וההגבלות.
המידע והפרסומים אינם אמורים להיות, ואינם מהווים, עצות פיננסיות, השקעות, מסחר או סוגים אחרים של עצות או המלצות שסופקו או מאושרים על ידי TradingView. קרא עוד בתנאים וההגבלות.