Technical analysis by Maddox_Metrics about Symbol RENDER on 8/11/2025

I have 2 local Elliot Wave counts for RENDER the bearish triangle yet to complete wave D which would result in a final thrust down before a new macro uptrend and a (1) (2) with wave (3) started. The overlapping and slow price action does not suggest RENDER is in a wave as it is not moving impulsively. Many alts have failed to move from the bottom while others have shined like ETH and XRP etc.. Either this is the new normal behaviour for 'alt season' or we are not actually in alt-season yet with a big move lower around the corner! Safe trading