behdark

RUNE channelization analysis

Short
behdark Updated   
BINANCE:RUNEUSDT.P   RUNE / TetherUS PERPETUAL CONTRACT
This is an analysis based on channelization.

Remember that most of the time everything is reflected in the chart and you should look for signs.

We have had a diagonal channel that the price has faked out twice, which shows selling pressure.

We have also had a dynamic support that has been broken and the price has not been able to recover it.

Now all buyers will become sellers and RUNE will experience a lot of selling pressure.

The bottom channel is the adjacent channel.

I specified the targets.
Comment:
The first target was hit

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