RUNE / TetherUSShort
11-07-2022 _ Update Short Term Bearish Idea _ RUNEUSDT H4
That’s a follow-up analysis on Short Term Bearish Idea _ RUNEUSDT H4 originally shared on 08-07-2022
1- Protection was tight @ 2.5 whereas the high of the candle was @ 2.528, therefore Stoploss Hit.
2- The price action created a False Breakout with Bearish Divergence on the MAs.
3- The price action created an Evening Star formation, therefore take re-entry.
Though there was histogram divergence between C' and C but it was all Positive Histogram Divergence. For a safer entry should gave waited for Positive-Negative-Positive Histogram Divergence, which eventually happened coupled with divergence on the MAs.
Though Stoploss Hit but Enter again @ 2.370
Target 1 @ 2.267 ….. Achieved on 11-07-2022
Target 2 @ 2.162 ….. Achieved on 11-07-2022
There are no signs against on MACD, therefore Targets 3 & 4 are intact.
1- Protection was tight @ 2.5 whereas the high of the candle was @ 2.528, therefore Stoploss Hit.
2- The price action created a False Breakout with Bearish Divergence on the MAs.
3- The price action created an Evening Star formation, therefore take re-entry.
Though there was histogram divergence between C' and C but it was all Positive Histogram Divergence. For a safer entry should gave waited for Positive-Negative-Positive Histogram Divergence, which eventually happened coupled with divergence on the MAs.
Though Stoploss Hit but Enter again @ 2.370
Target 1 @ 2.267 ….. Achieved on 11-07-2022
Target 2 @ 2.162 ….. Achieved on 11-07-2022
There are no signs against on MACD, therefore Targets 3 & 4 are intact.
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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.