RENDERUSDT, 1D, Inverted Head & Shoulder
2024-12-21
Category: None

RENDERUSDT, 1D, Inverted Head & Shoulder. 
It has now reached it's inverted right shoulder. By the 1D chart, the price depicted a hammer candlestick with a long bottom wick. This typically happens after a price decline.
My approach would be to wait for tomorrow or next day to check if there is 3 continuous green candlesticks and price holds at closing price approx ~$7.8. 
This might signify a reversal. 
Else, if ti dips below ~$4.7, it might continue to drop till ~$3.2