The Trust Layer for Market Analysts

The analysis suggests a bearish trend for Render (RNDRUSDT). The analyst is tracking a diagonal structure, but the market has been ranging. There's insufficient upside momentum to kickstart a third wave rally. Support is holding between $2.95 and $3.49. The analyst is looking for signals for a third wave. The wave two may have bottomed. The analyst hasn't seen any upside reaction. The only reason why the analyst is considering whether the market has bottomed is because there was a five-wave move up. The C wave appears to be down. The analyst expects pressure downwards to $3.25, $3.03 and then $2.95. As long as it holds below $4.10, the analyst expects the market to move towards the lower section of the support zone in the coming days, weeks, sessions.