RNDR PULLBACK FOR A LOWER HIGH

9 juil.

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.

10 juil.

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.