Several key elements are marked on the chart. The descending wedge, resistance retest, pre-breakout consolidation - all this can be regarded as a complex signal for a breakout of resistance. On the background of bitcoin's local strengthening, which occurs after breaking out of resistance, this could date a chance for RUNE and in such a case, the price when breaking through the indicated line could head towards 3.04 and give us almost 60% net move.
The moving averages formed a strong signal a few days ago, which could be confirmed soon when the price breaks the upper boundary of the range
Support levels: 1.722, 1.433
Resistance levels: upper boundary of the wedge, 1.942, 2.015.
I expect that on the background of the next retest of the trend resistance the price may break it and start an active phase of strengthening towards 3.040
Regards R. Linda!
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