There was a significant increase in RUNE some time ago, with the price rising from 0.92 to 2, almost doubling. The current price remains fluctuating above 1.4. Let’s make a brief analysis on RUNE today.
At the daily level, you can find that RUNE has been volatile after its rise in early August, and the price seems to start a new round of rise at a certain point.
However, judging from the signals given by the WTA indicator, whales participated in the initial rise, but gradually decreased during the subsequent fluctuation, until retail investors contributed all participation. This is not a good phenomenon. Continued fluctuation may mean that whales are continuing to take profits and close the position.
Switching to the 4h level, we can see that the whales have shown signs of reduction during the previous rise. In the green box, the giant whale seems to disappear all of a sudden. Although the RUNE remain rising, the whale has begun to take profits here. During the subsequent fluctuation, the number of whales was low.
What the WTA indicator reflected in the two cycles tells us that the whale has taken profits after raising the price. The rise may be coming to an end.
Disclaimer: Nothing in the script constitutes investment advice. The script objectively expounded the market situation and should not be construed as an offer to sell or an invitation to buy any cryptocurrencies.
Any decisions made based on the information contained in the script are your sole responsibility. Any investments made or to be made shall be with your independent analyses based on your financial situation and objectives.
At the daily level, you can find that RUNE has been volatile after its rise in early August, and the price seems to start a new round of rise at a certain point.
However, judging from the signals given by the WTA indicator, whales participated in the initial rise, but gradually decreased during the subsequent fluctuation, until retail investors contributed all participation. This is not a good phenomenon. Continued fluctuation may mean that whales are continuing to take profits and close the position.
Switching to the 4h level, we can see that the whales have shown signs of reduction during the previous rise. In the green box, the giant whale seems to disappear all of a sudden. Although the RUNE remain rising, the whale has begun to take profits here. During the subsequent fluctuation, the number of whales was low.
What the WTA indicator reflected in the two cycles tells us that the whale has taken profits after raising the price. The rise may be coming to an end.
Disclaimer: Nothing in the script constitutes investment advice. The script objectively expounded the market situation and should not be construed as an offer to sell or an invitation to buy any cryptocurrencies.
Any decisions made based on the information contained in the script are your sole responsibility. Any investments made or to be made shall be with your independent analyses based on your financial situation and objectives.
