RUNEUSDT ! Falling along the trend after a resistance test🤔

26 Jul 2022

RUNEUSDT coin earlier tried to break the downtrend. To some extent, it succeeded and formed an uptrend channel, as the price moved in which resistance to the downtrend was broken and impulse for 33% of the price movement was made.

On the chart we see a false break of the resistance of 2.47, after which the price makes an impulse down and the subsequent correction to the level. The price is in the short zone - the selling zone.

I assume that the price will be able to consolidate under the level of 2.47 and follow the fall of bitcoin. The local uptrend on the chart is broken, the bears are showing their strength. The short-term target is support at 2.16. Two medium-term targets are support at 1.975 and 1.750.

Regards R. Linda!