FxWirePro- RNDRUSD (Chart of the day)

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RNDRUSD showed a minor pullback after a minor correction.

Any daily close above $10.50 confirms further bullishness.

RNDRUSD gained more than 75% in the past two days. The pair holds above the short-term (21 and 55 EMA) and long-term moving average in the 4-hour chart. It hit a high of $10.30 and is currently trading around $9.76.

The bullish invalidation can happen if the pair closes below $5.85. On the lower side, the near-term support is $9.50. Any close below target $8.70/$8/$6.40.

 The pair's near-term resistance is around $10.50. Any breach above confirms minor bullishness. A jump to $15/20 is possible. A surge past $20 will take it to $30.

It is good to buy on dips around $8 with SL around $6 for TP of $20.