🚀 $RUNE is showing a potential technical setup!
The chart displays a strong bullish impulse on the weekly timeframe, breaking out from an accumulation phase after establishing a solid floor. The price action is currently respecting higher-timeframe Fibonacci extension targets.
📈 The Technical Setup:
• The Pattern: Bullish Reversal / Fibonacci Expansion
• Short-term Target: 1.0330
• Macro Objective: 1.5222
• Market Structure: Accumulation breakout followed by impulsive move
🎯 Key Levels to Watch:
• Support / Accumulation Zone: 0.6372 - 0.7884
• Resistance: 1.0330
• Breakout Level: 0.7884
• Stop Loss / Invalidation: 0.5849
📊 Confirmation:
• Volume: Increased buying volume on the current weekly candle
• Momentum: Strong bullish candle momentum breaking above local resistance
• Trend: Trend reversal confirmed via higher highs and higher lows structure
⚠️ Invalidation:
A weekly close below the 0.5849 support level would negate the bullish momentum and indicate a possible return to consolidation.
RUNE is exhibiting a strong recovery pattern with significant bullish momentum, targeting Fibonacci extension levels following a successful breakout.
💎 Creator: NOUMAN_DON (@NOUMAN_DON)
#Rune #crypto #BinanceSquare #Binance #BTC
The chart displays a strong bullish impulse on the weekly timeframe, breaking out from an accumulation phase after establishing a solid floor. The price action is currently respecting higher-timeframe Fibonacci extension targets.
📈 The Technical Setup:
• The Pattern: Bullish Reversal / Fibonacci Expansion
• Short-term Target: 1.0330
• Macro Objective: 1.5222
• Market Structure: Accumulation breakout followed by impulsive move
🎯 Key Levels to Watch:
• Support / Accumulation Zone: 0.6372 - 0.7884
• Resistance: 1.0330
• Breakout Level: 0.7884
• Stop Loss / Invalidation: 0.5849
📊 Confirmation:
• Volume: Increased buying volume on the current weekly candle
• Momentum: Strong bullish candle momentum breaking above local resistance
• Trend: Trend reversal confirmed via higher highs and higher lows structure
⚠️ Invalidation:
A weekly close below the 0.5849 support level would negate the bullish momentum and indicate a possible return to consolidation.
RUNE is exhibiting a strong recovery pattern with significant bullish momentum, targeting Fibonacci extension levels following a successful breakout.
💎 Creator: NOUMAN_DON (@NOUMAN_DON)
#Rune #crypto #BinanceSquare #Binance #BTC
