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MyCryptoParadise_Nathan
Aug 10, 2023 5:58 PM

RUNE/USDT: Triangle Breakout to 'W' Formation - Explosive SignsΒ Long

RUNE / TetherUSBinance

Description

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πŸ’Ž Paradisers, let's turn our attention to RUNE/USDT. On the 1-hour daily chart, it has broken out of a triangle pattern and is now sketching a 'W' formation, signaling the creation of higher highs. With this momentum, we could potentially aim for resistance targets at 1.108, advancing to 1.184, and even reaching up to 1.280.

πŸ’ŽIt's worth noting that the 1.280 resistance is particularly robust, reinforced by the presence of the 200 EMA. This EMA could act as a magnet, possibly aiding the price in its upward journey. As always, stay alert and happy trading, ladies and gentlemen!
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