RENDER (RNDR) UPDATE - $10 OR $18 INCOMING AFTER 7RR TRADE SETUP

5 May 2024

So following through on the past analysis where I called it bullish for $BINANCE:RNDRUSDT at $6.703
which is now over 40% gain just after hitting the 7RR trade setup (see all chart below) I bring you the update in full.

It is very simple. Either we have completed our wave 4-orange and we are heading straight to the wave 5 at around $14-18 right now (dotted line) where we have already completed wave 1 & 2-green or this is just a corrective wave rather than impulsive. Whichever scenario plays out, there are few commons between them and that is the fact that we could get a retracement from this point and both scenario will reach $10.555 being the 1 to 1 level, Golden Zone Fibonacci level and the resistance. So there is a common ground there. It is like a magnet all confluences attracts to there so watch out.


PREVIOUS ANALYSIS

OTHER ANALYSIS

7 May 2024

Not

Guys I just discovered that the 1:1 Fibonacci extension is at 10.344 not entirely 10.555 so if you would like to take partial profit on this trade now is the time. $BINANCE:RNDRUSDT

7 May 2024

Not

Partial profit taken next round is $14 $BINANCE:RNDRUSDT

13 May 2024

Not

Touch down then bounce, love the accuracy $BINANCE:RNDRUSDT now its either of the 2 scenarios on the chart, the blueprint is there!

17 May 2024

Not

Hope you took some profit at the top for $BINANCE:RNDRUSDT as it could be dropping back as low as $5 (unconfirmed)