This chart represents RUNE/BTC (thorchain dominance over bitcoin)a nd has been in this channel for quite a long time. Every time we touch support we have a massive run to the upside, and every time we touch resistance, we tank. You can see the RSI being a useful indicator here as it signaled the bottom for the previous two, recent major pumps. Current levels are around the same and we are just touching support on the channel.
You guys think we will continue the trend and run upwards and potentially even breaking out of it as there is mainnet news this month? Or will we break down.
You guys think we will continue the trend and run upwards and potentially even breaking out of it as there is mainnet news this month? Or will we break down.