RuneUSD has pulled back from the upper trendline resistance
The most probable scenario in the short term is gonna be a pullback towards its support around 8.35$, which is an area where i would accumulate.
After this, and if support will hold, we should re-test the upper trendline around 10.73$, before breaking out of the triangle pattern.
If a clear breakout occurs, the target should be around 16.55$
This should help get a medium term picture of the opportunities offered by Rune atm.
Enjoy staking moar coins!
The most probable scenario in the short term is gonna be a pullback towards its support around 8.35$, which is an area where i would accumulate.
After this, and if support will hold, we should re-test the upper trendline around 10.73$, before breaking out of the triangle pattern.
If a clear breakout occurs, the target should be around 16.55$
This should help get a medium term picture of the opportunities offered by Rune atm.
Enjoy staking moar coins!
Note
WE broke the support!It seems we are now following a similar yet smaller falling wedge pattern, with 5.68$ as the lower support area.
Order cancelled
Note
Medium-term target remains 16.55$We need to breakout above the current resistance created by the upper trendline provided by a triangle pattern, which means breaking through 8.4$
Trade closed: target reached
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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.