Singkat
RNDR Render getting ready to correct 50% after this top
Not financial advice
All charts made on current market conditions
I can see a play to the short side here on this local top between 1.85-2.00 range.
Wait for pattern to form but we are nearing end of parabolic Rsi curve and the other indicators are showing weakness.
On a longer timeframe the 1 week this token is displaying a cup and handle pattern .
And this 2.00 ish range represents the top of the handle so to get to bottom of handle I speculate we lose 50% to around .93-1.15 range before taking off to around 8.00.
Let's see how it plays out.
Always practice patience
Patience Is Key
#PIK
And Think Like A Whale
#TLAW
All charts made on current market conditions
I can see a play to the short side here on this local top between 1.85-2.00 range.
Wait for pattern to form but we are nearing end of parabolic Rsi curve and the other indicators are showing weakness.
On a longer timeframe the 1 week this token is displaying a cup and handle pattern .
And this 2.00 ish range represents the top of the handle so to get to bottom of handle I speculate we lose 50% to around .93-1.15 range before taking off to around 8.00.
Let's see how it plays out.
Always practice patience
Patience Is Key
#PIK
And Think Like A Whale
#TLAW
Dagangan aktif
Short placed at 1.85 let's see how it plays outDagangan aktif
Burned once but we have a topping structure forming at resistance of 2.20I should of highlighted that area of short interest as well .
Let's see how it reacts here above 2.00
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.