RUNE was in multi-month downtrend, and depending on how you would draw the trend line, we saw two breakouts on 4th of Feb and 28th of Feb.
For RUNE to confirm the uptrend, we need to see it breaking above the 7$ mark and remain above 6$
Breaking below the 3$ is breaking market structure, where the next support level will be around 1.5$-2$
Not a financial advice
For RUNE to confirm the uptrend, we need to see it breaking above the 7$ mark and remain above 6$
Breaking below the 3$ is breaking market structure, where the next support level will be around 1.5$-2$
Not a financial advice
Note
Currently RUNE is trading within the resistance channel...Note
A rise of 18% achieved on breakout of the 7$ level, I expect a re-test of the resistance that hopefully flipped to become support.
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Clause de non-responsabilité
Les informations et publications ne sont pas destinées à être, et ne constituent pas, des conseils ou recommandations financiers, d'investissement, de trading ou autres fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.