TheWolfOfAltStreet

RNDR BULLISH: Inverted head & shoulders and symmetrica triangle

Long
BINANCE:RNDRUSDT   RNDR / TetherUS
For me, charts tell the whole story here. After an inverted head & shoulders (which in itself is a nice indication of the continuation of the trend), RNDR now forms a symmetrical triangle. Combining this with the bullish sentiment of RNDR, the strong fundamental strength of the project and taking into account that altcoins are currently experiencing a small rally, it is simple for me to say that this idea has a high chance of success.

Many people have already left RNDR at the moment. My long runs from $1.80 but I will not close until we are moving towards that $5 target.

Let me know in the comments what you think :-)
Comment:
Okay, we had a small wick under the symmetrical triangle to scare off some traders, but the big picture remains the same. I expect 5$ within a week from this moment.
Comment:
Can you feel the 5$ coming? I do...
Comment:
We almost hit 4.9, which makes many people wonder: was this it? The simple answer is no... 5$+ is inevitable and there is a chance we won't stop here. Bullish on RNDR!
Trade closed: target reached:
5$ reached! Closed my leverage futures trade.

Still bullish on RNDR in the bullrun upcoming year. I will DCA some extra long term spot bags once we see some correction.
Comment:
If this idea will reach 40 likes, i will share a more detailed mid term bullrun prediction for RNDR!
Comment:
My next prediction for RNDR:
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.