Short

Possible head and shoulders on rndr hourly

214
As you know I have some hefty long-term bags on RNDR and try to average in with technical analysis. My previous chart showed a bounce around here which is entirely possible. This does look like a broken neckline of a small hourly head and shoulders, I wont be adding on this green line despite the hype. THe golden line is the .382 fib drawn on the weekly which is a strong resistance apparently. RNDR was just riding the top of bollinger bands now its riding the bottom, very hard to trade short-term right now.

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.