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RUNE/BTC { THORCHAIN } - BULLISH SETUP
ANALYSIS 🔎
- This is an update of my previous analysis on the inverse head and shoulders pattern formation in RUNE/BTC.
- RUNE/BTC is printing an ascending triangle pattern at the right side of the inverse head and shoulders pattern.
- This is a bullish build up pattern.
- There's a breakout potential.
BUY ENTRY ⬆️
- Market entry: current market price.
- Stop limit entry: breakout above the ascending triangle's horizontal resistance (@0.00021499)
- Limit entry: test of the ascending triangle's inclined support.
TARGETS 🎯
- Fibonacci extension levels.
SETUP INVALIDATION ❌
- Breakdown below the ascending triangle's inclined support.
- This is an update of my previous analysis on the inverse head and shoulders pattern formation in RUNE/BTC.
- RUNE/BTC is printing an ascending triangle pattern at the right side of the inverse head and shoulders pattern.
- This is a bullish build up pattern.
- There's a breakout potential.
BUY ENTRY ⬆️
- Market entry: current market price.
- Stop limit entry: breakout above the ascending triangle's horizontal resistance (@0.00021499)
- Limit entry: test of the ascending triangle's inclined support.
TARGETS 🎯
- Fibonacci extension levels.
SETUP INVALIDATION ❌
- Breakdown below the ascending triangle's inclined support.
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