RNDR
The price continues its uptrend after forming the cup and handle pattern. Each new peak forms a bearish RSI divergence. The price is currently in a key resistance zone. Additionally, a wedge pattern has formed. The weekly 50 EMA will be the first significant support level in case of a correction. A break below the lower boundary of the wedge will signal a trend reversal.
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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.