RUNE / TetherUSShort
Is RUNE RUINED ?
RUNE is showing a ton of bearish signals...
1. Rising Wedge, broken below the bottom and now will drop the height of the rising wedge.
2. Inverse cup and handle - Broken below the brim level... Next target 0.21
3. RSI Bearish - Continues to make lower highs and stay below the 50 (bearish) mark.
4. All Moving Averages are down 7<21<50<200
They are going to need one heck of a catalyst to push this price up. Or the Crypto major winter needs to end soon!
Sorry Rune.
However, all indicators are based on the past and only tell us about probabilities rather than certainties.
1. Rising Wedge, broken below the bottom and now will drop the height of the rising wedge.
2. Inverse cup and handle - Broken below the brim level... Next target 0.21
3. RSI Bearish - Continues to make lower highs and stay below the 50 (bearish) mark.
4. All Moving Averages are down 7<21<50<200
They are going to need one heck of a catalyst to push this price up. Or the Crypto major winter needs to end soon!
Sorry Rune.
However, all indicators are based on the past and only tell us about probabilities rather than certainties.
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Trade Well,
Timon Rossolimos
Founder, MATI Trader
(Pro trader since 2003)
facebook.com/groups/matitrader
🌐Website:
timonandmati.com
𝕏 (Formerly Twitter):
twitter.com/timonr
Trade Well,
Timon Rossolimos
Founder, MATI Trader
(Pro trader since 2003)
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