Down from a falling wedge which was mostly considered as bullish formation.
Who is old enough at the Crypto market, they have seen this anti-pattern many times.
You shall forget traditional patterns! Never trust trading books of the past and not be a silly hamster listening to the news. This market is unique. This time of history is special.
I remain bullish on RUNE (THORChain) both fundamentally and technically.
Look at that nice two-story head and shoulders on $RUNEBTC.
Assuming that BTC holds around 50k per coin, the upcoming THORChain movement may result in 20-40$ per 1 Rune in this summer or even late spring.
In general, RUNE is extremely technical in terms of price movements and reactions.
It...
I think we are going to stay in the triangle for some time (maybe to the end of the year). Then as the team delivers multi-chain main net (with BTC support) we are going to see a burst of price.
Targets are $1.15 and $2.8.
Well, I am the first here to say. So remember my words. I'm pretty sure that we will see $RUNE around $40 some time. Indeed it may happen after the launch of the main products and on the wave of the next great bull-run.
And moreover think about that if we have total supply of 500M RUNE and each RUNE is worth $40 it gives us only $20 billions of market...
Look at the global Head-and-shoulders pattern forming. It seems to me that we are going to dive a little to around $7000 in order to depict the right shoulder and then soar up to $26000 in the next long-awaited bull run. Be patient and be ready to buy soon and don't sell until the next all-time-high at least. In Crypto we trust!
Look. TSLA is right under the trendline which almost perfectly intersects with the Fibo level. Highly possible to see reject soon. The downtrend is gaining momentum. Fundamental analysis quite agrees with the technical situation. Stay sharp.
