Chibuike_Odoh

RUNE/BTC { THORCHAIN } - BULLISH SETUP

Long
BINANCE:RUNEBTC   RUNE / Bitcoin
ANALYSIS 🔎
- This is an update of my previous analysis on the inverse head and shoulders pattern formation in RUNE/ BTC .
- RUNE/ BTC is printing an ascending triangle pattern at the right side of the inverse head and shoulders pattern.
- This is a bullish build up pattern.
- There's a breakout potential.

BUY ENTRY ⬆️
- Market entry: current market price.
- Stop limit entry: breakout above the ascending triangle's horizontal resistance (@0.00021499)
- Limit entry: test of the ascending triangle's inclined support.

TARGETS 🎯
- Fibonacci extension levels.

SETUP INVALIDATION ❌
- Breakdown below the ascending triangle's inclined support.

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