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MyCryptoParadise
Oct 4, 2023 5:55 AM

RUNE/USDT Crucial Moment. Continue Upward or Broke the Support ? 

RUNE / TetherUSBinance

Description

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💎 RUNE is on our radar due to its significant movements. Currently, it's hovering in a pivotal zone that previously acted as daily resistance but now serves as support. At present, RUNE is in a retesting phase, with the candlestick patterns indicating several bullish rejections.

💎 This suggests that RUNE might be gearing up for an upward trajectory, possibly targeting the Bearish OB zone. Additionally, there's an FVG Area that RUNE might interact with.

💎 However, if RUNE struggles to maintain its position above this support and breaks below, there's a chance it could descend to the demand zone. Here, it might either exhibit a rejection or initiate a new upward leg. If it continues its downward trend, it might even reach the Strong Demand area.
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