A clean Bullish Flag often precedes a big move. Validate your entry.
Bullish continuation if preceding move was up.
Indecision. Widening then narrowing range.
Gradual reversal from bearish to bullish.
Reversal pattern. Price likely to break downwards.
Market participants tracking THORChain should note the latest formation. With a last close of $0.42, volatility remains active (-2.09%). The primary technical feature is a Diamond formation. Buying pressure is average relative to the 20-day average. A potential breakout level is identified at $0.46, targeting $0.54 with support near $0.42 (R:R 2.0).
What is your outlook on RUNE?