💎 Paradisers, the recent market dynamics surrounding #RNDR have indeed been noteworthy.
💎 Currently, RNDR is rebounding from the Bullish OB area, indicating a positive sentiment in the market. There's potential for RNDR to test the resistance trendline of the falling wedge pattern.
💎 If RNDR successfully breaks above this pattern, it could signify a continuation of the upward movement, potentially reaching our target Bearish OB area.
💎 However, if RNDR fails to break out of the falling wedge pattern and faces rejection at the resistance trendline, there's a possibility of a downward movement, revisiting the Bullish OB to establish new momentum.
💎 RNDR must bounce back from the Bullish OB area. A breakdown below this level could indicate further downside potential, potentially leading RNDR towards the support area or even lower levels.
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.