$RUNE - FSS Indicator gave you 2 chances to enter.
"Don't short the Rune" is in vogue at the moment. Thor's chain has seen its bottom.
If you disregard the following...
-Bullish divergences
-Complete corrective EW structures. (ABC running flat in this case)
-Greatly reduced bear volume at the bottom
...you still had the solid Buy signals that the FSS Indicator (Floki's Secret Sauce) had printed on the 12H candle close.
On Feb 28, you had an entry just above $4. On March 9th, you had a buy signal print after a red candle! That's a rare and very bullish sign. This signal had your entry at $4.89.
Now on the TA side, we actually couldn't ignore the bullish divergences, the completed flat and the low bear volume. Within the bounce, we can count subwaves 1 & 2 for sure. With the 3 either almost done, or done heading into 4. Now with the guideline of wave alternation, I would expect RUNE to bounce above $6 in the case that wave 3 is actually done.
Safe trading to all!
If you disregard the following...
-Bullish divergences
-Complete corrective EW structures. (ABC running flat in this case)
-Greatly reduced bear volume at the bottom
...you still had the solid Buy signals that the FSS Indicator (Floki's Secret Sauce) had printed on the 12H candle close.
On Feb 28, you had an entry just above $4. On March 9th, you had a buy signal print after a red candle! That's a rare and very bullish sign. This signal had your entry at $4.89.
Now on the TA side, we actually couldn't ignore the bullish divergences, the completed flat and the low bear volume. Within the bounce, we can count subwaves 1 & 2 for sure. With the 3 either almost done, or done heading into 4. Now with the guideline of wave alternation, I would expect RUNE to bounce above $6 in the case that wave 3 is actually done.
Safe trading to all!
Note
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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.
Related publications
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.