---- Mid-term Analysis for the next coming 4 weeks to 3 months - Daily on Daily Chart (LIN)-------
RUNE/USDT: about to triggered significant recovery
Context
The Global Crypto market leads by BTC and ETH is still evolving within a bearish market configuration. Like the others digital assets RUNE has been suffering about negative global market situation which should be ended with the rrecent bounce on going on ETH surpassing 1440
Previous analysis : 08/06/2022 : https://www.tradingview.com/chart/RUNEUSDT/XgJfX6bg-RUNE-USDT-Buying-area-reached-Bullish-reversal-expected/
Market configuration
- Graphical Elements :
Graphical Resistance = 3,25 & 8,35 & 13,50
Graphical Support = 1,62
- Mathematical Indicators:
EMA ( Exp Moving averages) are capping the market at 3,25 = Bearish / Neutral
RSI indicator (below) is bouncing off key support and challenge 50% area = Bullish
- Elliot & Harmonic Wave (Fibonacci):
Fibonacci Target E (B) has been already reached = 1,60/1,40
Fibonacci resistance of the wave in progress = 3,25
Fibonacci support of the wave E (B)(max extension) = 1,09
Fibonacci Bullish Target = 8,35 & 6,25 (auto-similar move)
Conclusion
Preferred case => Regarding the mid-term element, RUNE is still offering a good opportunity to play a continuation of the recovery on going - we adjust the key support 1,62, bypassing 3,25 the bullish recovery will be defenitly confirm offering opportunity to add the exposure on this Token
RUNE/USDT: about to triggered significant recovery
Context
The Global Crypto market leads by BTC and ETH is still evolving within a bearish market configuration. Like the others digital assets RUNE has been suffering about negative global market situation which should be ended with the rrecent bounce on going on ETH surpassing 1440
Previous analysis : 08/06/2022 : https://www.tradingview.com/chart/RUNEUSDT/XgJfX6bg-RUNE-USDT-Buying-area-reached-Bullish-reversal-expected/
Market configuration
- Graphical Elements :
Graphical Resistance = 3,25 & 8,35 & 13,50
Graphical Support = 1,62
- Mathematical Indicators:
EMA ( Exp Moving averages) are capping the market at 3,25 = Bearish / Neutral
RSI indicator (below) is bouncing off key support and challenge 50% area = Bullish
- Elliot & Harmonic Wave (Fibonacci):
Fibonacci Target E (B) has been already reached = 1,60/1,40
Fibonacci resistance of the wave in progress = 3,25
Fibonacci support of the wave E (B)(max extension) = 1,09
Fibonacci Bullish Target = 8,35 & 6,25 (auto-similar move)
Conclusion
Preferred case => Regarding the mid-term element, RUNE is still offering a good opportunity to play a continuation of the recovery on going - we adjust the key support 1,62, bypassing 3,25 the bullish recovery will be defenitly confirm offering opportunity to add the exposure on this Token
Trade active
Update will be published
CIO & Head of market research (Automata - Vancelian)
vancelian.com/en
vancelian.com/en
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.
CIO & Head of market research (Automata - Vancelian)
vancelian.com/en
vancelian.com/en
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.