RNDR/USDT Break the key level area, Bullish Momentum ???
Yello Paradisers, Potential Coin!
💎 RNDR has surpassed a crucial level area, solidifying the anticipation of bullish movement. Additionally, RNDR has broken out of a Major falling wedge pattern, enhancing the prospects of bullish momentum.
💎 Prior to breaking out of the falling wedge, RNDR faced challenges maintaining its stance in the Bullish OB Area. It’s observable that RNDR touched the Bullish OB area thrice and consistently rebounded, leading to the assumption that RNDR was still in the accumulation phase before finally breaking out of the major falling wedge area.
💎 Post breaching the key level area, RNDR faced rejection in the supply area and is likely to undergo a downward test in the strong demand area around $1.65, with the expectation of resuming upward movement subsequently. It is plausible that RNDR will experience significant movement towards testing a strong supply area.
💎 This scenario would be deemed invalid if RNDR breaks and closes below the Bullish OB area.
💎 RNDR has surpassed a crucial level area, solidifying the anticipation of bullish movement. Additionally, RNDR has broken out of a Major falling wedge pattern, enhancing the prospects of bullish momentum.
💎 Prior to breaking out of the falling wedge, RNDR faced challenges maintaining its stance in the Bullish OB Area. It’s observable that RNDR touched the Bullish OB area thrice and consistently rebounded, leading to the assumption that RNDR was still in the accumulation phase before finally breaking out of the major falling wedge area.
💎 Post breaching the key level area, RNDR faced rejection in the supply area and is likely to undergo a downward test in the strong demand area around $1.65, with the expectation of resuming upward movement subsequently. It is plausible that RNDR will experience significant movement towards testing a strong supply area.
💎 This scenario would be deemed invalid if RNDR breaks and closes below the Bullish OB area.
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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.
Want to trade like a PRO without the 15+ year learning curve?
🫳Steal the edge - follow seasoned team of traders at mycryptoparadise.com (FREE)
✅🎖️Or go full throttle with PRO strategy + killer entry/exit signals - t.me/MCPsupportbot
🫳Steal the edge - follow seasoned team of traders at mycryptoparadise.com (FREE)
✅🎖️Or go full throttle with PRO strategy + killer entry/exit signals - t.me/MCPsupportbot
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.