Rune/USD Short term bearish before breakout
Updated
RuneUSD has pulled back from the upper trendline resistance
The most probable scenario in the short term is gonna be a pullback towards its support around 8.35$, which is an area where i would accumulate.
After this, and if support will hold, we should re-test the upper trendline around 10.73$, before breaking out of the triangle pattern.
If a clear breakout occurs, the target should be around 16.55$
This should help get a medium term picture of the opportunities offered by Rune atm.
Enjoy staking moar coins!
The most probable scenario in the short term is gonna be a pullback towards its support around 8.35$, which is an area where i would accumulate.
After this, and if support will hold, we should re-test the upper trendline around 10.73$, before breaking out of the triangle pattern.
If a clear breakout occurs, the target should be around 16.55$
This should help get a medium term picture of the opportunities offered by Rune atm.
Enjoy staking moar coins!
Note
WE broke the support!It seems we are now following a similar yet smaller falling wedge pattern, with 5.68$ as the lower support area.
Order cancelled
Note
Medium-term target remains 16.55$We need to breakout above the current resistance created by the upper trendline provided by a triangle pattern, which means breaking through 8.4$
Trade closed: target reached
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