Bullish Breakout of Pullback Phase: RUNE showcases a bullish breakout from its recent pullback phase's resistance trendline.
Challenges Overhead 50D EMA: The recovery rally is now challenging the overhead 50-day EMA, hinting at a potential bull run.
Potential to Reach $7.08: If RUNE successfully surpasses the $5 mark, it could escalate to $7.08.
Dynamic Resistance from 50D EMA: RUNE is confronting the dynamic resistance presented by the 50D EMA.
Indications of an Intense Bull Run: Sustaining above the 200D EMA signals a strong upcoming bull run for Thorchain.
Ascending Triangle Formation: An ascending triangle is forming with the neckline at $5, suggesting a possible breakout.
Inverted Head and Shoulder Pattern: The pattern, with a neckline at $5, indicates a bullish reversal.
Current Trading Price: RUNE is currently trading at $4.64, showing an uptrend with a 1.53% intraday growth.
Technical Indicators - RSI: The RSI crossing above the halfway line supports the bullish trend in motion.
Possibility of Reaching $10: A sustained momentum above $5 could potentially lead RUNE to $7 and, optimistically, to $10.
Risk of Decline to $3.64: Failure to maintain the bullish momentum could see RUNE dropping to $3.64.
Challenges Overhead 50D EMA: The recovery rally is now challenging the overhead 50-day EMA, hinting at a potential bull run.
Potential to Reach $7.08: If RUNE successfully surpasses the $5 mark, it could escalate to $7.08.
Dynamic Resistance from 50D EMA: RUNE is confronting the dynamic resistance presented by the 50D EMA.
Indications of an Intense Bull Run: Sustaining above the 200D EMA signals a strong upcoming bull run for Thorchain.
Ascending Triangle Formation: An ascending triangle is forming with the neckline at $5, suggesting a possible breakout.
Inverted Head and Shoulder Pattern: The pattern, with a neckline at $5, indicates a bullish reversal.
Current Trading Price: RUNE is currently trading at $4.64, showing an uptrend with a 1.53% intraday growth.
Technical Indicators - RSI: The RSI crossing above the halfway line supports the bullish trend in motion.
Possibility of Reaching $10: A sustained momentum above $5 could potentially lead RUNE to $7 and, optimistically, to $10.
Risk of Decline to $3.64: Failure to maintain the bullish momentum could see RUNE dropping to $3.64.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.