📍 Current Setup:
June 22 low likely marked B-wave bottom
Now in C-wave uptrend, expected to form a five-wave pattern
Short-term move appears to be A-wave of C-wave’s third wave
📊 Key Levels:
Immediate Resistance Targets:
$4.50 – $4.57 (near-term Fib extension zone)
$7.60 (138% Fib extension – potential wave 3 top)
Support Zones:
$3.48 – $3.76 (Fib support range)
$3.68 (key swing low – must hold for bullish scenario)
Invalidation: Break below $3.48 risks deeper retracement, possibly extending wave 2
📈 Scenarios:
Bullish Path: Break & hold above $4.50 → push toward $4.57 → possible extension toward $7.60 in third wave
Bearish Risk: Drop below $3.68 could mean B-wave still unfolding; under $3.48 would weaken bullish count
💡 Market Takeaway:
$RNDR is respecting Fib levels and pushing toward the $4.50–$4.57 resistance zone. Holding above $3.68 keeps momentum alive toward $7.60 in the coming waves.
#RNDR #Render #CryptoUpdate #Altcoins #ElliottWave #BinanceSquare