Updated
RNDR PULLBACK FOR A LOWER HIGH
With the recent bullish divergence spotted on the daily time frame. I've noticed that price action is rejecting the fib level of 382 ($6.06). My thesis is that render may pullback from this level to create a lower high at the 618 level ($9.01) before shorting back down to the $6 mark, breaking support and entering into the 236 at $4.21.
If this chart plays out how I'm imagining it too, I feel like it would be an awesome time to begin loading up on CRYPTOCAP:RNDR for an epic discount, before the price starts to pick up again.
Let me know how you're feeling about render in the comments below.
Peace & Prosperity
- Kaia Tait.
If this chart plays out how I'm imagining it too, I feel like it would be an awesome time to begin loading up on CRYPTOCAP:RNDR for an epic discount, before the price starts to pick up again.
Let me know how you're feeling about render in the comments below.
Peace & Prosperity
- Kaia Tait.
Note
A second bullish divergence has appeared at the price point of $6.63. $9.01 is still the target for our new lower high which respects the current down trend CRYPTOCAP:RNDR is facing. These signals through RSI divergence are strong, breaking the 21 EMA on the daily TF with large volume will signal a long entry to our target of $9.01. Before we look for rejections & an entry to form our short position down to $4.21.Peace & Prosperity
-Kaia Tait.
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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.
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.