RUNE has been trading in a falling wedge pattern since April. The wedge is a chart pattern formed by converging downward-sloping trendlines.
What's so interesting about a falling wedge? It is considered a strong bullish sign 💪
This might sound strange if you look at the chart and see a constant downtrend.
However, breaking out of this pattern to the top usually ignites a massive pump.
This is especially true if a pattern has formed over a longer timeframe. Just like in RUNE's case!
Watching the trendlines is essential in this case. Although the pattern narrows, RUNE can still bounce back and force a couple of times.
What's so interesting about a falling wedge? It is considered a strong bullish sign 💪
This might sound strange if you look at the chart and see a constant downtrend.
However, breaking out of this pattern to the top usually ignites a massive pump.
This is especially true if a pattern has formed over a longer timeframe. Just like in RUNE's case!
Watching the trendlines is essential in this case. Although the pattern narrows, RUNE can still bounce back and force a couple of times.
I'm Ben. Crypto lover, trader, and coder.
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Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.
I'm Ben. Crypto lover, trader, and coder.
Join my free newsletter for insights and the hottest trade setups every weekday!
newsletter.bencrypto23.com
🔥 For exclusive content: newsletter.bencrypto23.com/exclusive
Join my free newsletter for insights and the hottest trade setups every weekday!
newsletter.bencrypto23.com
🔥 For exclusive content: newsletter.bencrypto23.com/exclusive
Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.