RUNEUSDT: Short Opportunity, Bearish Reversal Signals 54,30%?

Hi Realistic Traders, let's delve into the technical analysis of RUNEUSDT

The chart has formed a compelling Head and Shoulders pattern and has decisively moved below the neckline, signaling a powerful shift from a bullish to a bearish trend. This bearish transition is confirmed by the price movement dropping below the EMA200 line. We anticipate an exciting continuation of this bearish momentum, targeting the Unfilled Order Area at 2.750. Following a potential pullback to the historical resistance area, the downward journey is expected to continue toward an enticing target of 2.052.

It is essential to note that the analysis will no longer hold validity once the target/support area is reached.

Disclaimer: "Please note that this analysis is solely for educational purposes and should not be considered a recommendation to take a long or short position on ThorChain Coin."

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Transaction en cours:

We will keep updating the chart on H4/H1 Timeframe

Commentaire:

By analyzing the chart, we noticed the formation head and shoulders pattern & breakout of the Ascending Broadening Wedge Pattern. Therefore, we still have the same view on this one (The bearish trend may continues even further).