After a many Event Rune has broked the Weekly Resistence. Let we see now if BTC stay Stable..!!!!
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RUNE is consolidating inside a bullish descending triangle for the past weeks. This is a good bullish pattern with high probability of explosion to the upside and A similar pattern was found in SOLANA in last year.
Rune has consolidated within a tighter and tigher wedge formation. It is also showing an inverse head and shoulders. It looks like it is near completion of the right shoulder. If BTC stays moving up, this will blast off any moment. 🤞
RUNE 3H support is at ~$10.8
Enter 50% here
and try to set some buy orders near the support zone
If RUNE holds above the trendline,
the Take-Profit target would be $11.88, $12.96, and $15.12
Cheers
RUNE has been very bullish but it got failed at the resistance, however, it seems like RUNE is coming back to retest the support of 200EMA if Bulls can hold this area we'll see a massive pumped towards $20-$25!
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Alt season is coming!
I think RUNE/USDT is preparing a huge move (it slowly trying to break the triangle penant).
Also yesterday pullback from BTC didnt let RUNE/USDT drop so significantly (it's the sign buyers start to step in).
Target will follow the drawline.
waddya guys think?
*not financial advice
There is a lot of pain out there from RUNE holders since this was one of the most hyped coins out there.
Let's take a look into possible target ranges from here and a comparison vs other DeFi Tokens.
In this video I go through some level mapping using trendlines and take observations on volumes and momentum.
Can this go up? Yes
Is it a good time to buy? Check the video for full reasoning.
Rising wedge of Rune showing for us possible of lower but in this market we see a lot of breaking of rising wedge BUT this time is different we have very low BTC.D where we need bounce and make some rejections.
1. Hopefully bids is possible also if we get BTC lower if we didnt hold.
2. BTC.D bounce possiblity
3. Rising Wedge
4. Crossing EMAS what's not good sign.
RUNE has been chopping for almost two weeks now. It's almost time for an ATH.
Since the crypto market is in shambles, RUNE may test a lower low (10.5 - 9.7). It may also just go direct to the higher levels.
Expect chop and set levels accordingly. This is not financial advice.
Resolution time: 7 days or less
Target: 14+
This is a pattern that eventually leads to price stabilization.
Bullish target: 10.9 → small pullback to ~10.00 → 13
Bearish Case: Hard floor: 8.8 → If broken, 7.5
Time frame for pattern: 10 days or less
Ever since the 80%+ run up, RUNE has been in a consolidating wedge. I expect resolution time to before April 8th, risk/reward points to bullish.
Target: 10.5 -> 11.8 --> 12.5
Resistance: 9.2 - 8.8 - if broken, wedge is invalidated.
Event risk is always one of the most profitable but also riskiest market opportunities. In this case, due to the extensive testing...
RUNE or Thorchain was one of fastest rising coin in last week
They puplished mainnet update and it's price made more than 2x just in one week. (from $0,4 to $0,86)
As it seen in the graph, RUNE made ATH and returned from the resistance and likely to fall after profit sales .
Also about 1.000.000 RUNE has been distributed to users who staked their RUNE and soon...
FTX:RUNEPERP esta rompiendo la resistencia de lo que pareciera ser un triangulo ascendente con el MA50 como soporte.
Entrada: 0.6095
Objetivo 1: 0.6565
Objetivo 2: 0.6925
SL: 0.5895
Momento™ no proporciona asesoramiento de inversiones y no tiene en cuenta las circunstancias personales de los suscriptores al analizar las inversiones. Invertir implica un alto...
