RUNE appears to be creating a large triangle whose sides we have labeled abcde on the chart.
Now the candles are at a "Key Level" and only when the candles are at this level, the RUNE is actually bullish.
In the coming weeks, it is expected to reach the $7 channel and then correct for wave e of this triangle.
For this wave (wave d) the target is $7
When wave e is over, we can again look for buy/long positions.
Closing a daily candle below the invalidation level will violate this analysis and view.
For risk management, please don't forget stop loss and capital management
Comment if you have any questions
Thank You
Now the candles are at a "Key Level" and only when the candles are at this level, the RUNE is actually bullish.
In the coming weeks, it is expected to reach the $7 channel and then correct for wave e of this triangle.
For this wave (wave d) the target is $7
When wave e is over, we can again look for buy/long positions.
Closing a daily candle below the invalidation level will violate this analysis and view.
For risk management, please don't forget stop loss and capital management
Comment if you have any questions
Thank You
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Free membership: t.me/Behdark_EN
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
🔆To succeed in trading, just enter our Telegram channel:
Free membership: t.me/Behdark_EN
🔷Our Telegram channel has daily spot and futures signals 👉 t.me/Behdark_EN
💎 Exclusive signals are only shared on our Telegram channel
Free membership: t.me/Behdark_EN
🔷Our Telegram channel has daily spot and futures signals 👉 t.me/Behdark_EN
💎 Exclusive signals are only shared on our Telegram channel
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.