Short
Short RNDR
RNDR has just broken the descending channel and also the MA 200D.
Retest is on-going but in accordance to BTC's view in short-term (see link below), it's unlikely that this is a false break-out. Rejection by the lower trendline would happen, in my opinion.
As a result, a short setup is proposed as in chart.
Retest is on-going but in accordance to BTC's view in short-term (see link below), it's unlikely that this is a false break-out. Rejection by the lower trendline would happen, in my opinion.
As a result, a short setup is proposed as in chart.
Note
reached +24% now consolidation for next moves
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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.