A clean Double Bottom often precedes a big move. Validate your entry.
Reversal pattern after a downtrend.
Gradual reversal from bearish to bullish.
Expanding volatility. Sign of instability.
A clear signal has emerged for THORChain (RUNE) on the daily chart. Price has moved to $0.43 (-1.18%) amidst recent volatility. Algorithmically, a Double Bottom structure has completed. Volume is average (0.39x avg) with moderate trend strength (41.9). A potential breakout level is identified at $0.63, targeting $0.86 with support near $0.52 (R:R 2.0).
What is your outlook on RUNE?