Technical analysis by dRends35 about Symbol RNDR: Buy recommendation (5/17/2025)

Render is printing a delightful low time frame snowflake.It is a coiling and very shallow descending channel.In higher time frame this channel is printing on the 0.786 overshoot ratio of the 1:0.618 with only wicks below:The 0.786 is a common ratio for a pivot.And that can potentially complete a 3 wave correction leading into the next wave up.The 1:0.618 is a weak ratio since the third wave would be shorter than the first.The signals downside weakness.This looks ready to pop if Bitcoin can drift on up 👍.Not advicePopped exactly as suggested but has now turned bearish.