RUNE USDT breaking out strongly and is now facing resistance
RUNE THORChain,
this protocol referred as " The internet of blockchain" is a leader in the development of the DEFI, The protocol’s native RUNE token had a 35% increase Thursday after trading interoperability with the Ethereum network was re-enabled.
As you may know if you follow our discord channel, we are investing and accumulating THORChain rune since the reload zone of 3,20 USD.
The daily breakout of the 8.90 resistance zone has been confirm by strong volume and a daily closure above it. However, we are now testing the 11,80 resistance zone, which we have to break and close above in order to maintain this strong bullish trend that we started.
A breakout and a closure above it would give high probability to a retest and a breakout of the previous ATH... As the bitcoin is slowly cooling down, we might have the chance to see the volume going into the alt market ...
We have to be patient and cautious in order to manage our risk
The content covered in this publication is NOT to be considered as investment advice.
Thank you all,
If you enjoyed this analysis please mark a thumbs up and do not hesitate to share your point of view in the comment section.
Have a Good day and Safe trade
Butterfly .D
/Metamorphose your portfolio
this protocol referred as " The internet of blockchain" is a leader in the development of the DEFI, The protocol’s native RUNE token had a 35% increase Thursday after trading interoperability with the Ethereum network was re-enabled.
As you may know if you follow our discord channel, we are investing and accumulating THORChain rune since the reload zone of 3,20 USD.
The daily breakout of the 8.90 resistance zone has been confirm by strong volume and a daily closure above it. However, we are now testing the 11,80 resistance zone, which we have to break and close above in order to maintain this strong bullish trend that we started.
A breakout and a closure above it would give high probability to a retest and a breakout of the previous ATH... As the bitcoin is slowly cooling down, we might have the chance to see the volume going into the alt market ...
We have to be patient and cautious in order to manage our risk
The content covered in this publication is NOT to be considered as investment advice.
Thank you all,
If you enjoyed this analysis please mark a thumbs up and do not hesitate to share your point of view in the comment section.
Have a Good day and Safe trade
Butterfly .D
/Metamorphose your portfolio