RUNEUSDT - Breakout potential on 4 hour chart
Rune is looking good for a breakout and continue the uptrend.
There is a bullish acending triangle with a flat top with the $3.60 line providing support and $4.20 resistance.
The 50MA has provided good support for Rune and is forming the acending line in our triangle. Look for the price to meet it and bounce to new highs.
The MACD histogram is beginning to flip and we have a bullish cross coming in play.
The Fib extension gives us a target of the $5.50+ range.
This has been a pretty common pattern recently, so hoping this plays out the same way as I have seen it play in other coins.
There is a bullish acending triangle with a flat top with the $3.60 line providing support and $4.20 resistance.
The 50MA has provided good support for Rune and is forming the acending line in our triangle. Look for the price to meet it and bounce to new highs.
The MACD histogram is beginning to flip and we have a bullish cross coming in play.
The Fib extension gives us a target of the $5.50+ range.
This has been a pretty common pattern recently, so hoping this plays out the same way as I have seen it play in other coins.
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