๐ฅ RUNE Bullish Channel: Optimal Reversal Point
RUNE has been trading very bullish over the last two weeks. At the moment we're seeing some minor bearish divergence (yellow dotted lines), so I'm anticipating a further drop.
However, the trend will likely stay bullish, so I'm waiting for a reversal from the bullish channel's support area. The area between the bottom two support lines is the most likely to cause the reversal.
Note that the dotted supports are not anchored to 2 or more points, they are exact copies from the top trend line and moved down to anchor on the previous two higher-lows.
However, the trend will likely stay bullish, so I'm waiting for a reversal from the bullish channel's support area. The area between the bottom two support lines is the most likely to cause the reversal.
Note that the dotted supports are not anchored to 2 or more points, they are exact copies from the top trend line and moved down to anchor on the previous two higher-lows.
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