RUNE / TetherUSUpdated RUNE Analysis
RUNE was in multi-month downtrend, and depending on how you would draw the trend line, we saw two breakouts on 4th of Feb and 28th of Feb.
For RUNE to confirm the uptrend, we need to see it breaking above the 7$ mark and remain above 6$
Breaking below the 3$ is breaking market structure, where the next support level will be around 1.5$-2$
Not a financial advice
For RUNE to confirm the uptrend, we need to see it breaking above the 7$ mark and remain above 6$
Breaking below the 3$ is breaking market structure, where the next support level will be around 1.5$-2$
Not a financial advice
Note
Currently RUNE is trading within the resistance channel...Note
A rise of 18% achieved on breakout of the 7$ level, I expect a re-test of the resistance that hopefully flipped to become support.
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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.