The Trust Layer for Market Analysts

The analyst discusses Render (RNDR) on both long-term and short-term charts. The primary analysis views the upward movement as an ABC structure. Two pathways are considered: the white scenario is favored, suggesting the market has bottomed in a B-wave following an A-wave peak in 2021, with a B-wave correction to the June 2022 lows. The ongoing C-wave moves in five waves (1-2-3-4-5). Q4 targets are set at $17.40, $27.70, and $53.60. A break below $1.49 could signal a larger correction into wave B. Short-term, micro support is between $2.97 and $3.28. Maintaining $2.97 as support sustains a possible bullish path. The initial target would be to break the yellow trend line, currently around $3.96, followed by the green line at $4.25 and $4.68. Short-term targets are $5.70 and $5.80.