RUNE - Respecting Trend
https://www.tradingview.com/chart/RUNEUSDT/lhOqQNWS-RUNE-Fighting-Important-Structural-Level/
Rune is trying to bounce off our purple macro trendline that we outlined in the post above. If we are able to break our white trendline of resistance we could see a move all the way to the 0.382 of our macro trend/ 1.618 of our micro trend. This means we could see our next level of resistance around $8.60-$9 if we are able to hold support around this $5 level.
Our Daily RSI is also trying to hold a structural level of support.
Rune is trying to bounce off our purple macro trendline that we outlined in the post above. If we are able to break our white trendline of resistance we could see a move all the way to the 0.382 of our macro trend/ 1.618 of our micro trend. This means we could see our next level of resistance around $8.60-$9 if we are able to hold support around this $5 level.
Our Daily RSI is also trying to hold a structural level of support.
Disclaimer
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.