Last 7 days Volume Profile analisys estates RUNE price has gravitated towards 5,48 and buyers/sellers been eager to trade inside the 4,95 to $5,90 range
hypothesis #1 (given short term volume trend is more relevant to next weeks price movement)
next week RUNE could continue its rally upwards, entries should be under $5,50, we could take some profit above the $6 mark and maybe rebuy when price falls again towards $5,5
if we take last 15 days into consideration, then RUNE price moved around and towards the $5,08 mark,
but we can see how last thursday it rejected that price, and established itself past the 5,48 price mark, inside the 4,95 to 5,90 range
hypothesis #2
is not impossible that price tries to gravitate and fall once more towards $5,10 as we haven´t seen volume increasing to support that 5,10 to $5,90 movement
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.