Speculative inverse head & shoulders opportunity on render for COINBASE:RNDRUSD by DrDovetail

Speculative inverse head & shoulders opportunity on render

Render just had a big spike and then corrected back down to the breakout target of the previous triangle pattern it broke up from (which I will link to below). In doing this, render has created the opportunity to form a right shoulder now to a potential inverse head and shoulders pattern, as long as it stays below the top of todays candle’s top wick for the next few daily candles. If so, it then gives us a new price target we can look forward to heading towards once it breaks out of that pattern of around $20. For now this is speculative, for if render just resumes pumping and heads past the recent daily candle high the inverse head and shoulders pattern will no longer be in play *not financial advice*

Note

We have seen most alts have a parabolc pump right o their golden cross this alt season and since render just had one a day early it could be one of the few exceptions that don’t have its pump on the actual cross because it has essentially front ran the cross already with todays pump. Then again, there have been some alts that have pumped hard before the cross and the cross simply just continued the pump, so it will be interesting to see how render responds here.

DrDovetail

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