RNDR/USDT – Wave 3 Setup in Progress 🚀
This is an Elliott Wave-based setup on the 1D chart for RENDER. Wave 1 and Wave 2 appear to be completed, with Wave 3 yet to unfold. Price is currently sitting near the 50%–61.8% Fibonacci retracement zone ($3.98–$3.63), which is a typical launchpad area for a strong impulsive Wave 3 move.
📉 Wave Structure:
✅ Wave 1: Complete
✅ Wave 2: Retested key Fib zone
🔜 Wave 3: Expected to extend towards the 1.618 Fib extension at $12.37
🎯 Entry Zone: $3.98–$4.00
🛑 Invalidation: Below $3.13 (78.6% retracement)
🚀 Wave 3 Target: ~$12+
This setup offers a favorable risk-to-reward ratio with clear invalidation. Watching closely for bullish confirmation.
#RNDR #ElliottWave #CryptoAnalysis #RenderToken #AltcoinSeason
This is an Elliott Wave-based setup on the 1D chart for RENDER. Wave 1 and Wave 2 appear to be completed, with Wave 3 yet to unfold. Price is currently sitting near the 50%–61.8% Fibonacci retracement zone ($3.98–$3.63), which is a typical launchpad area for a strong impulsive Wave 3 move.
📉 Wave Structure:
✅ Wave 1: Complete
✅ Wave 2: Retested key Fib zone
🔜 Wave 3: Expected to extend towards the 1.618 Fib extension at $12.37
🎯 Entry Zone: $3.98–$4.00
🛑 Invalidation: Below $3.13 (78.6% retracement)
🚀 Wave 3 Target: ~$12+
This setup offers a favorable risk-to-reward ratio with clear invalidation. Watching closely for bullish confirmation.
#RNDR #ElliottWave #CryptoAnalysis #RenderToken #AltcoinSeason
Trade active
dont let them scare u wave 2 are always scary
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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.