Is RUNEUSDT Poised for a Bullish Breakout?
Yello, Paradisers! Could RUNEUSDT be gearing up for a bullish breakout? Let’s break down the latest analysis and see what levels are crucial for this move.
💎RUNEUSDT is currently in a descending channel and has formed a cup and handle pattern, increasing the probability of a bullish move. However, we need more than just patterns to confirm the trend.
💎We need a breakout of both the descending channel and the resistance zone of the cup and handle pattern to confirm a bullish move.
💎If there's a pullback, we can expect a potential double bottom pattern at the support level. To increase our confidence, we should wait for an I-CHoCH (Internal Change of Character) indicating a shift towards a bullish market structure.
💎If the price breaks down and closes below the support level, it will invalidate our bullish scenario. In this case, it's better to wait for a more favorable price action to develop.
Remember, Paradisers, trading is about discipline and patience. Wait for clear signals before making your move. Stay focused and play it smart!
MyCryptoParadise
iFeel the success🌴
💎RUNEUSDT is currently in a descending channel and has formed a cup and handle pattern, increasing the probability of a bullish move. However, we need more than just patterns to confirm the trend.
💎We need a breakout of both the descending channel and the resistance zone of the cup and handle pattern to confirm a bullish move.
💎If there's a pullback, we can expect a potential double bottom pattern at the support level. To increase our confidence, we should wait for an I-CHoCH (Internal Change of Character) indicating a shift towards a bullish market structure.
💎If the price breaks down and closes below the support level, it will invalidate our bullish scenario. In this case, it's better to wait for a more favorable price action to develop.
Remember, Paradisers, trading is about discipline and patience. Wait for clear signals before making your move. Stay focused and play it smart!
MyCryptoParadise
iFeel the success🌴
Note
💎Boom! #RUNE is doing just what we said. Up 27% and looking good!
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