Fundamentals: #RENDER has announced building on #SOLANA as breakpoint. On of the leading AI-projects that will impact Film and Animation industry. Expect to see projects on SOL pump as Firedancer validator moves through test net and comes online.
Technical: From ATH to ATL, RNDR has formed a Wave 1 & 2 with 0.38 fib correction, now breaking through the 0.618 fib retrace and using it as support. Larger formation is the Wave 3 back to ATH, with speculated Wave 5 around $60.
Confluence with both 1.618 levels for Fib extension and Fib projections. If you don't know the difference -- one is placing the target from the ATH and ATL, while the other is projecting the target from Wave 1 and Wave 2 with a three-point measure.
Technical: From ATH to ATL, RNDR has formed a Wave 1 & 2 with 0.38 fib correction, now breaking through the 0.618 fib retrace and using it as support. Larger formation is the Wave 3 back to ATH, with speculated Wave 5 around $60.
Confluence with both 1.618 levels for Fib extension and Fib projections. If you don't know the difference -- one is placing the target from the ATH and ATL, while the other is projecting the target from Wave 1 and Wave 2 with a three-point measure.