RNDR - Looking Spicy
This relatively unknown gem looks bullish:
1. Long term downtrend in place since March broken and successfully retested
2. Moving averages crossed up. 21 EMA on 4hr acting as support, 100 SMA previously acting as resistance broken
3. Currently attempting to break through the largest volume node on the chart at 0.70
Breaking and closing above 0.70 will be a good sign, although breaking 0.78 and putting in a new high is a more conservative signal of strength. Breaking back into the March downtrend channel invalidates.
1. Long term downtrend in place since March broken and successfully retested
2. Moving averages crossed up. 21 EMA on 4hr acting as support, 100 SMA previously acting as resistance broken
3. Currently attempting to break through the largest volume node on the chart at 0.70
Breaking and closing above 0.70 will be a good sign, although breaking 0.78 and putting in a new high is a more conservative signal of strength. Breaking back into the March downtrend channel invalidates.
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