RUNE | 2B Reversal | 4h

By Kendrick_Crypto
snapshot

snapshot

RUNEUSDT

  • an uptrend in 1d timeframe retraced to 0.618
  • completion of 5 waves in 4h timeframe
  • (1B) formed, confirmed by the break of downward trendline
  • support at 7.5 tested 3 times but broken with huge volume
  • the support instantly recovered with even higher volume, forming the (2B)
  • resistance at 8.2 was broken too at the same time
  • ThorChain's speculative multiplier was as low as 3.66

2b_patternFibonaccipriceactionSupport and ResistanceTrend Lines
Kendrick_Crypto

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