💎 Attention Paradisers, let's look at RUNE/USDT on the hourly chart. We see a head and shoulders pattern forming, which could mean a change in trend. The left shoulder and head show higher highs, while the right shoulder represents lower high. This could signal a shift from bullish to bearish.
💎 If the price goes below the neckline and the demand level at 1.334,...
💎 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.
💎It's worth noting that the 1.280...
RUNE had a catastrophic failure and in charts of days weve seen hammer on JUL 2021 and now its again. By taking low of RUNE as SL of hammer which is 3.244 with initial tgts of 4.1644 4.6444 and finally can reach 5.1118. Make sure they tend to fall much more so SL's is must!
So buying can be of CMP else if it breaks then 2.764 is near, (pfft, if it breaks hammerrrr)
- Rune has corrected down from its ATH of ~$21.5 to the bottom of the channel at $3
- It then broke out of the downtrend on Oct22-23 (first green arrow)
- It has formed a double bottom as on 19th Nov
- Showing strength for a long term hold
Can expect a 5X based on Fib 4.23 towards Dec-Jan