Technical analysis by Apollo_21mil about Symbol RNDR: Buy recommendation (8/9/2024)

After this harsh and drawn out correction of many of my major holdings I have updated the fibs for the next setups. If BTC can maintain above 59.5k or NVDA can start to pick up steam again I expect this to play out in the next 3 -7 weeks. RNDR likes to really move when the market pivtots and I love the fact that two candle bodies closed above that red fib.-I did sell 10% of my position at ~9.5$ and this more than covered my initial investment.-My plan here is to unload more if I get worried about BTC continued weakness around 7.2$-If we can get a full on bull posture I will sell 50% of my back at the 1.618 which is around 20$