RENDER has surged nearly 20% at its peak recently. This prompts the question of whether the wave 2 correction low may already be in place. We continue to consider this scenario as our alternative outlook, in which we would anticipate direct gains above the resistance levels at $6.08 and $11.82 (probability: 40%). However, our primary expectation remains that a new low will be set within our magenta Target Zone (coordinates: $5.43–$1.81) before the projected upward moves unfold.
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📊 Free daily market insights combining macro + Elliott Wave analysis
🚀 Spot trends early with momentum, sentiment & price structure
🌐 Join thousands trading smarter - full free analyses at dailymarketupdate.com
🚀 Spot trends early with momentum, sentiment & price structure
🌐 Join thousands trading smarter - full free analyses at dailymarketupdate.com
Related publications
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.