The Trust Layer for Market Analysts

The analysis focuses on two cryptocurrencies, Render (RNDR) and Fetch.ai (FET), using Elliott Wave theory. For RNDR, the primary count suggests a potential bounce from the current low as part of a larger wave 2 correction, targeting higher levels with invalidation below the recent lows. Alternatively, a more complex ABCDE structure is considered, leading to further downside. For FET, the analysis indicates a potential bottoming process and a possible move upwards, with an ABCDE structure suggesting a continued downtrend. The identified targets and invalidation levels are based on Fibonacci retracements and wave patterns observed on the charts.