Runeusdt Trading opportunityRUNEUSDT has recently exhibited a Descending Broadening Wedge pattern on the weekly chart, with wave ABC already complete and the coin preparing for Wave D. Price is forming a leading diagonal immediately after wave C, suggesting that the bullish trend may continue to form Wave D.
The expected target of Wave D is 50%-61.8% of Wave BC, indicating a potential price range of around $5.357-$6.986. We should keep an eye on this range as it may signal a potential trend reversal or continuation if price manage to break the zone.
Furthermore, the wave E is expected to form our Ultimate Buy zone, making it a critical level for us to watch. The Ultimate Buy zone is the point where the price of the asset is expected to reverse back up from the downtrend and start moving up again.
As with all technical analysis patterns, we should consider all factors before entering a position, including other technical indicators, fundamental factors, and market sentiment. While the Descending Broadening Wedge pattern suggests a bullish trend, there are always risks and uncertainties involved in trading.
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