Hello traders,
On a few of the lower timeframes we see a slight bearish divergence forming with our RSI. Where price continues to climb higher but the strength is diminishing.
On top of that we just formed a double top at $6.67. Since this is on the lower timeframe I would not say its the strongest signal, but wanted to put this on your guys radar. If we do see...
Watching RUNE rsi slowly descending. Expecting a push up probably around where the support is (blue line).
Bullish scenario though.
If BTC comes down, I expect Rune price to drop lower, perhaps come back to test the top of the parallel channel
What Is a Descending Channel?
A descending channel is drawn by connecting the lower highs and lower lows of a security's price with parallel trendlines to show a downward trend. Officially, the space between the trendlines is the descending channel, which falls under the broad category of trend channels.
A more potent signal occurs with a breakout, which is when...
Title: RUNE/USDT Bullish Continuation Pattern
Bias: Bullish
Description: RUNE is consolidating in a bullish pennant pattern after a significant upward move, typically a continuation pattern.
Direction: Anticipate a potential upward breakout.
Entry: A convincing breakout above the pennant's upper trendline, near $5.3892 (24 SMA).
Stop Loss: Below the pennant's...
Hi Traders
RUNEUSDT (4H Timeframe)
Waiting for the downward break of 4.860 support level which will complete a bearish trend reversal pattern to go SHORT. Only the upward break of 6.090 would cancel the bearish scenario.
Trade details
Entry: 4.860
Stop loss: 6.090
Take profit 1: 4.100
Take profit 2: 2.870
Score: 4
Strategy: Bearish reversal
RUNE created inefficiency under the 30mins bearish OB and the liquidity need to be grab before our previous long triggered
Good to short from the unmitigated bearish above to 1hr bullish below where our entry point for long is.... Manage your risk and always take profit
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I would love to see RUNE go back in these FIB levels. (These fib levels are mine do not get confused or do not chat the proper way of using fib. Because I do not give a single damn about what you are about to tell me, unless you will take time to improve it and share to me then I will be willing to learn)
As I'm analyzing this chart, I see several signals that...
Right now Rune is battling our purple trendline of resistance. This has been a trendline that was established over two years ago! If we are able to stay and close above this trendline we should see continued price movement towards the fib levels outlined. If we fail to maintain this level we will see a fall to the $2-3 level.
RUNE looking bullish on 1hr TF
RUNE is currently creating bullish divergence on 1hr TF with unmitigated bullish OB below on 1hr TF
Wait for entry and take a good entry for long from there
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i see this buying zone for RUNE :
1- 1.3$ - 0.9$ (dca)
2- 0.67 -0.45$ , is the final support zone , its highly unlikely to be reached , because the first one is very strong support zone , you can enter 30% in the first zone and 70% in this zone .
Notice : as we are right now , 21-17k BTC range , every one can begin to accumulate their desirable tokens , for...
