A bullish Cypher harmonic pattern has completed on the 4H chart of RNDR/USDT. This technical structure suggests a potential reversal from the recent bearish move.
🧩 Pattern Details:
XA leg: Strong bullish impulse
AB retracement: 38.2% of XA
BC extension: 1.62 of AB
CD completion: Near 78.6% of XC – a textbook Cypher pattern
🔑 Key Fibonacci Levels:
AB = 0.378
BC = 1.62
CD = 0.683 – 0.786
D point (Potential Reversal Zone): $3.28
📈 Bullish Expectation:
If price holds above the D point and confirms support, possible targets are:
TP1: $4.50
TP2: $5.20+
🛡️ Risk Management:
Place stop loss below $3.00 (below pattern invalidation)
Wait for confirmation (bullish candle, volume spike, etc.) before entering
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🧩 Pattern Details:
XA leg: Strong bullish impulse
AB retracement: 38.2% of XA
BC extension: 1.62 of AB
CD completion: Near 78.6% of XC – a textbook Cypher pattern
🔑 Key Fibonacci Levels:
AB = 0.378
BC = 1.62
CD = 0.683 – 0.786
D point (Potential Reversal Zone): $3.28
📈 Bullish Expectation:
If price holds above the D point and confirms support, possible targets are:
TP1: $4.50
TP2: $5.20+
🛡️ Risk Management:
Place stop loss below $3.00 (below pattern invalidation)
Wait for confirmation (bullish candle, volume spike, etc.) before entering
---
📢 Join my free Telegram community for real-time trade setups, updates, and market analysis:
👉 t.me/+jsxiwfUD1pBiOWM0
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.
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.