🔥 RUNE Perfect Bounce: Looking Exceptionally Bullish
Last week I made an analysis on RUNE where I anticipated a minor fall from a bearish divergence and a bounce from the area between the bottom two supports. Remember that the bottom two support lines are just copies from the top resistance line but anchored to different points.
As seen on the chart, the trade was a success. Currently, we're still trading above the bottom support, which is a fairly bullish signal.
In my view, we're going to see some kind of pump in the near future, which will likely mark the intermediate end of the bullish trend. Not sure when it will occur, but the longer BTC will trade bullish, the sooner it will come.
Target for the next bullish move would be the top of the channel. Wait for a candle close above the dotted blue resistance to confirm the move.
As seen on the chart, the trade was a success. Currently, we're still trading above the bottom support, which is a fairly bullish signal.
In my view, we're going to see some kind of pump in the near future, which will likely mark the intermediate end of the bullish trend. Not sure when it will occur, but the longer BTC will trade bullish, the sooner it will come.
Target for the next bullish move would be the top of the channel. Wait for a candle close above the dotted blue resistance to confirm the move.
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