RUNEUSDT trade ideas
RUNEUSDT | RISING WEDGERUNEUSDT has been trading in a rising wedge . Price is at support of wedge.
A downward break from the range will call for more bears and price action may fall to horizontal support zone.
However, a few bullish candles formation at support will be too good for bulls.
Trade your levels accordingly.
12-07-2022 _ Update Short Term Bearish Idea _ RUNEUSDT H4That’s the 2nd follow-up on Short Term Bearish Idea _ RUNEUSDT H4 originally shared on 08-07-2022 with 1st follow-up on 11-07-2022.
Target 3 @ 2.078 ….. Achieved on 12-07-2022
Target 4 @ 1.994 ….. Achieved on 12-07-2022
Next Target
Target 5 @ 1.852
11-07-2022 _ Update Short Term Bearish Idea _ RUNEUSDT H4That’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.
Don't miss opportunity for long position RUNEUSDThello guys
RUNE has some event on 31 July for Planned Obsolescence and its above to break the trendline and I think its very good opportunity to open a long position for this coin
all you need to know is in the chart
look closely and make your position smartly
this is just my idea and not a financial advice
leave a comment
08-07-2022 _ Short Term Bearish Idea _ RUNEUSDT H41- Double Top formation.
2- Bearish Divergence between "A" and "C".
3- Bearish Divergence on Histogram between "C'" and "C".
4- Bearish Engulfing candlestick.
5- Harmonic Pattern.
As long as the Double Top holds my view remains Bearish.
Target 1 @ 2.267
Target 2 @ 2.162
Target 3 @ 2.078
Target 4 @ 1.994
Protection @ 2.500
RUNEUSDTHi, I hope we have a profitable day
In my opinion, the downward trend is not over yet. It seems that the downward trend of the price will be completed in the yellow range of $1.678.
In the lower time frames (5 minutes) we have a tight movement, the price has come out of this compression from the bottom side. If the downward trend falls below the $2.01 range, the possibility of a price drop to the $1.678 range is not out of the question at all.
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