Runecoin short-Triangle breakoutRunecoin along with whole cryptocurrency stepped into downtrend.There was a first wave happened already.Now runecoin is restesting from the support level(1.345),and can go to upper resistance level(1.365) as shown in the picture.If the price again falls down from the resistance,a short trade can be initiated there.Also you can check the volume or ADX or RSI at the time of entry for a double confirmation. keep an eye on the trade.Happy Trading.
Runeshort
RUNE/USDT time to short?RUNE/USDT has formed bearish flag pattern + It also broke support of (≈)3.274.
BTC also looks bearish now, so it might be time to short RUNE/USDT after it successfully breaks support with conformations(Bearish candlestick patterns).
BTC has broken its support and formed bearish engulfing candlestick pattern in daily chart(still the candle hasn't closed, so wait for it to close in 9 hours and 19 minutes), so it might break its support of (approx)29700.
RUNE/USDT short entry-------->
Entry price - current price (around 3.180) or upon retest (if it retests) (around 3 or 3.2)
Stop loss - 3.4
Target price - 1.521, 1.300, 1.000
price might consolidate(or retest or take pullback) before crashing
(Don't open any position on wick)
(Don't take trades based on this idea, even I don't trade according to my idea)
(Do your own analysis)
(NOT A financial advice)
(High chances of loss if you follow my idea)