RENDER Price Analysis: What to Expect Next (8H)

The bullish move in RENDER started from the point where we placed the green arrow on the chart.

It appears that we are dealing with an Expanding pattern, and price is currently in the process of completing Wave D of this pattern.

We expect this pattern to complete within the green zone, potentially leading to a recovery in RENDER and a new bullish move.

Within the green zone, we will be looking for potential buy/long positions.

The targets are marked on the chart. Consider taking partial profits at the first target to secure some gains.

A daily candle close below the invalidation level would invalidate this analysis.

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