RENDER has successfully broken out of a critical resistance level within its downward trending channel, signaling a potential trend reversal. Notably, the price has held strong support above the Golden Fibonacci Ratio (0.618–0.65), around the $6.91 level, further strengthening the bullish case.
Looking ahead, the Trend-Based Fibonacci Golden 1:1 Ratio targets $13.8, which represents an impressive 75% upside from current levels. This setup presents a compelling opportunity to begin accumulating long positions in RENDER, as the breakout and Fibonacci alignment suggest a significant potential for gains.
By leveraging this breakout and aligning it with key Fibonacci ratios, investors could position themselves for substantial returns as RENDER's bullish momentum builds.
This Bitcoin Dominance (BTC.D) chart on the daily timeframe shows a rising channel 📈, with the price recently rejecting at the upper boundary near 62%. This rejection indicates a potential bearish trend 📉, with the dominance dropping towards the midline or lower boundary of the channel.
This chart represents the USDT dominance in the crypto market on the daily timeframe 📉. The price is consolidating within a descending triangle pattern, often considered a bearish continuation signal. The dominance is approaching the critical 4.0% support zone (highlighted in yellow) 🛡️, which has acted as a strong base in the past.
Trade Details:
Entry: 7.622Join my Binance live for premium crypto signals ) You can take current price
1st Tp: 7.759
2nd Tp: 7.770
3rd Tp : 8.097
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