$RENDER building long-term bullish structure on the monthly. Currently consolidating around $2.09 after completing the larger A-B corrective phase.
Key resistance sits at $3.13. A strong monthly close above this zone confirms the next major leg toward $11.07โ$12.24 (Supply Zone 2).
If momentum continues and the larger C-wave develops as projected, next major target zone is $19.25โ$20.62 (Supply Zone 3).
Key levels:
๐น Support: ~$1.90
๐น Resistance: ~$3.13
๐น Supply Zone 2: $11.07โ$12.24
๐น Supply Zone 3: $19.25โ$20.62
Structure remains bullish as long as the monthly base holds. Patience is the game.
Technical analysis only. Not financial advice. DYOR.
Key resistance sits at $3.13. A strong monthly close above this zone confirms the next major leg toward $11.07โ$12.24 (Supply Zone 2).
If momentum continues and the larger C-wave develops as projected, next major target zone is $19.25โ$20.62 (Supply Zone 3).
Key levels:
๐น Support: ~$1.90
๐น Resistance: ~$3.13
๐น Supply Zone 2: $11.07โ$12.24
๐น Supply Zone 3: $19.25โ$20.62
Structure remains bullish as long as the monthly base holds. Patience is the game.
Technical analysis only. Not financial advice. DYOR.