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RUNE BULL PENNANT OR DEAD CAT BOUNCE
RUNE / TetherUS
Long
RUNE BULL PENNANT OR DEAD CAT BOUNCE
By BearManalow
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Mar 18, 2022
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Mar 18, 2022
Is rune leading the pack for altcoins? Depending on BTC dominance chart next move pictured below, we have two scenarios.
Bullish Scenario: Bull Pennant, break above the 50% retracement, candle close above for support and con't.
Bearish Scenario: Dead Cat Bounce, candle close below the 50% retracement and retest the 88.6 % retracement level on the macro timeframe.
BTC DOM CHART
THIS CHART GOES DOWN, RUNE GOES UP.
DYOR
NOT FINANCIAL ADVICE
ONLY
BUMS
ASK FOR DONATIONS
CAPITAL PRESERVATION
Fibonacci
Support and Resistance
Trend Analysis
BearManalow
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