A bullish Cypher harmonic pattern has completed on the 4H chart of RNDR/USDT. This technical structure suggests a potential reversal from the recent bearish move.
🧩 Pattern Details:
XA leg: Strong bullish impulse
AB retracement: 38.2% of XA
BC extension: 1.62 of AB
CD completion: Near 78.6% of XC – a textbook Cypher pattern
🔑 Key Fibonacci Levels:
AB = 0.378
BC = 1.62
CD = 0.683 – 0.786
D point (Potential Reversal Zone): $3.28
📈 Bullish Expectation:
If price holds above the D point and confirms support, possible targets are:
TP1: $4.50
TP2: $5.20+
🛡️ Risk Management:
Place stop loss below $3.00 (below pattern invalidation)
Wait for confirmation (bullish candle, volume spike, etc.) before entering
—
📢 Join my free Telegram community for real-time trade setups, updates, and market analysis:
👉 t.me/+jsxiwfUD1pBiOWM0
