We can see positive clusters on 1 hour and 4 hours timeframe, but negative delta on daily timeframe. In general 
RUNE in downtrend, but look at the graph. We can see strong support zone (green), where was last summer low. It's accumulation zone with active buyer. At this moment active was in the accumulation zone for 47 days. Resistant zone starts from $6. First breaking attempt was unsuccessful.
Now we in the second breaking attempt with bull RSI and price above 50MA and 100MA.
This is good position for LONG with SL under $4 (local low).
In case of new high (above $6), we can go as high as $8.33 and it's 42% from current price.
R/R 1.4 isn't so cool, but OK.
RUNE in downtrend, but look at the graph. We can see strong support zone (green), where was last summer low. It's accumulation zone with active buyer. At this moment active was in the accumulation zone for 47 days. Resistant zone starts from $6. First breaking attempt was unsuccessful.Now we in the second breaking attempt with bull RSI and price above 50MA and 100MA.
This is good position for LONG with SL under $4 (local low).
In case of new high (above $6), we can go as high as $8.33 and it's 42% from current price.
R/R 1.4 isn't so cool, but OK.
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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.