As we can see in the chart, support is forming in response to its downtrend line. Currently, the support and resistance ranges are clear in the chart. We expect price support from the ob range in the short term.
Its not Buy or Sell SIGNAL
DYOR
BY : Mohamad Teriz - @AtonicShark
$RUNE has broken and held under the huge 3.3 support level, show with the large wick retest and failure on May 13.
RSI is already very low, so trend is clearly bearish but may see some consolidation for a bit. Possible levels of support are as shown.
Chart above us is what we call a Fifth Wave Extension Impulsive move.
Basically a fifth wave extension impulse move has the fifth wave to be the longest of the 3 impulsive moves to the upside and wave 3 to not be the shortest, which leaves us with wave 1 being the shortes of the three
At the End of a Fith wave extension move, Price usually retraces the entire...
one of my fav project recently bad about rune in the market but this badboy remains the same and getting closer to make new ATH and i am strongly confident that this project can make new ATH this year
💎Technical Analysis Summary💎
BINANCE: RUNEBTC
-RUNE is now confirming a daily Bear flag coming from 5000s sat
-If the daily candle close red, the Bears may have won the game
-The downside potential target is around 3000s sat area
-So please be cautious and follow your stop loss location
A big Thanks for donating 💰 via Tradingview coins this week to ...
💎Technical Analysis Summary💎
BINANCE: RUNEBTC
-Retesting key support area for the 3rd time
-If this area can hold for a few days
-A chance of trendline resistance is on the line
-From there, it is a decision time to break or fall
-Trading Altcoins these days are highly high risk
-So please plan your idea accordingly
A big Thanks for donating 💰 via...
💎Technical Analysis Summary💎
BINANCE: RUNEBTC
-RUNE is trading inside a rising channel which is Bearish
-It is also approaching key level of resistance at 5600 sat area
-If you are looking for potential Sell entries
-Wait for the channel to breakdown because it give a Sell bias
-The downside target could reach the recent Swing Low...
RUNE or Thorchain made a significant rise today and keeps abve $0.7 for few weeks .
It sarted rising from $0,4 and ade a huge pump.
But i think it will start falling after profit sells . Because trading volume is very losw when compared to other DeFi projects.
Also If a coin cant rise and stays stable between a gap, a huge dump comes after BTC little...
