RUNEUSDT: Short Opportunity, Bearish Reversal Signals 54,30%?
Updated
Hi Realistic Traders, let's delve into the technical analysis of 
RUNEUSDT
The chart has formed a compelling Head and Shoulders pattern and has decisively moved below the neckline, signaling a powerful shift from a bullish to a bearish trend. This bearish transition is confirmed by the price movement dropping below the EMA200 line. We anticipate an exciting continuation of this bearish momentum, targeting the Unfilled Order Area at 2.750. Following a potential pullback to the historical resistance area, the downward journey is expected to continue toward an enticing target of 2.052.
It is essential to note that the analysis will no longer hold validity once the target/support area is reached.
Disclaimer: "Please note that this analysis is solely for educational purposes and should not be considered a recommendation to take a long or short position on ThorChain Coin."
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RUNEUSDT The chart has formed a compelling Head and Shoulders pattern and has decisively moved below the neckline, signaling a powerful shift from a bullish to a bearish trend. This bearish transition is confirmed by the price movement dropping below the EMA200 line. We anticipate an exciting continuation of this bearish momentum, targeting the Unfilled Order Area at 2.750. Following a potential pullback to the historical resistance area, the downward journey is expected to continue toward an enticing target of 2.052.
It is essential to note that the analysis will no longer hold validity once the target/support area is reached.
Disclaimer: "Please note that this analysis is solely for educational purposes and should not be considered a recommendation to take a long or short position on ThorChain Coin."
Please support the channel by engaging with the content, using the rocket button, and sharing your opinions in the comments below
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We will keep updating the chart on H4/H1 TimeframeNote
By analyzing the chart, we noticed the formation head and shoulders pattern & breakout of the Ascending Broadening Wedge Pattern. Therefore, we still have the same view on this one (The bearish trend may continues even further).Note
Forming a base after the breakout of the head and shoulders, if the base breakout occurs we potentially continue its downward movementNote
Retest structure on a Daily Timeframe multiple times, downside potential is getting clearer
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