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Catch the Wave: RNDR/USDT Analysis & Potential $50 Target
Catch the Wave: RNDR/USDT Analysis & Potential $50 Target
Elliott Wave Count Insight
$CRYPTOCAP:RNDR is currently showing signs of forming an Elliott Wave pattern, suggesting a potential correction in the near future. Our analysis indicates that there might be further correction ahead.
Previous Analysis Recap
In our last analysis when #RNDR was around $10, we accurately predicted a 4th wave correction, which has since been fulfilled.
Current Scenario and Entry Opportunities
There's a strong support level anticipated at $5-$6, representing the 0.382 Fibonacci retracement. This suggests a potential bounce for the 4th wave from this support zone, presenting favorable entry opportunities.
Price Target Projection
Should our wave count analysis hold, we anticipate RNDR's price to potentially reach $50 in this bullish cycle.
Alternative Scenario
In case RNDR fails to maintain the 0.382 Fibonacci level, we recommend considering entry points around $2.5-$3.5.
Remember, trading involves risks. Always conduct your own research and consider your risk tolerance before making any investment decisions.
Elliott Wave Count Insight
$CRYPTOCAP:RNDR is currently showing signs of forming an Elliott Wave pattern, suggesting a potential correction in the near future. Our analysis indicates that there might be further correction ahead.
Previous Analysis Recap
In our last analysis when #RNDR was around $10, we accurately predicted a 4th wave correction, which has since been fulfilled.
Current Scenario and Entry Opportunities
There's a strong support level anticipated at $5-$6, representing the 0.382 Fibonacci retracement. This suggests a potential bounce for the 4th wave from this support zone, presenting favorable entry opportunities.
Price Target Projection
Should our wave count analysis hold, we anticipate RNDR's price to potentially reach $50 in this bullish cycle.
Alternative Scenario
In case RNDR fails to maintain the 0.382 Fibonacci level, we recommend considering entry points around $2.5-$3.5.
Remember, trading involves risks. Always conduct your own research and consider your risk tolerance before making any investment decisions.
Twitter: twitter.com/CryptoPatel
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Telegram: t.me/OfficialCryptoPatel
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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.
Twitter: twitter.com/CryptoPatel
Telegram: t.me/OfficialCryptoPatel
Instagram: instagram.com/cryptopatel?utm_medium=copy_link
Telegram: t.me/OfficialCryptoPatel
Instagram: instagram.com/cryptopatel?utm_medium=copy_link
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.