Render Token (RNDRUSD) is up more than +50% since our buy signal more than 1 month ago:
Medium-term traders may look to book those respectable profits but we can get an extension if the price closes a 1D candle above Resistance 1 (2.1750). In that case, our long-term target of 3.0000 which sits just below Resistance 2, will most likely get materialized. The key to this is for the 1D MA50 (blue trend-line) to keep supporting.
Notice the similarities on the 1D RSI patterns of RNDR's previous drop-accumulation-rise formations. It appears that right now we are on a candle similar to January 20.
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Medium-term traders may look to book those respectable profits but we can get an extension if the price closes a 1D candle above Resistance 1 (2.1750). In that case, our long-term target of 3.0000 which sits just below Resistance 2, will most likely get materialized. The key to this is for the 1D MA50 (blue trend-line) to keep supporting.
Notice the similarities on the 1D RSI patterns of RNDR's previous drop-accumulation-rise formations. It appears that right now we are on a candle similar to January 20.
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** Please LIKE ๐, FOLLOW โ , SHARE ๐ and COMMENT โ if you enjoy this idea! Also share your ideas and charts in the comments section below! **
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๐ฐFree Channel t.me/tradingshotglobal
๐คตContact info@tradingshot.com t.me/tradingshot
๐ฅNew service: next X100 crypto GEMS!