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Technical analysis by samideluxe about Symbol RUNE on 9/16/2021

https://sahmeto.com/message/3315155
samideluxe
samideluxe
Rank: 10105
1.5
،Technical،samideluxe

RuneUSD has pulled back from the upper trendline resistanceThe most probable scenario in the short term is gonna be a pullback towards its support around 8.35$, which is an area where i would accumulate.After this, and if support will hold, we should re-test the upper trendline around 10.73$, before breaking out of the triangle pattern.If a clear breakout occurs, the target should be around 16.55$This should help get a medium term picture of the opportunities offered by Rune atm.Enjoy staking moar coins!WE broke the support!It seems we are now following a similar yet smaller falling wedge pattern, with 5.68$ as the lower support area.Medium-term target remains 16.55$We need to breakout above the current resistance created by the upper trendline provided by a triangle pattern, which means breaking through 8.4$

Translated from: English
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Signal Type: Neutral
Time Frame:
4 hours
Price at Publish Time:
$1.09
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