RUNE — Breaking This Pattern Can Send It HIGH!
RUNE has been trading in a falling wedge pattern since April. The wedge is a chart pattern formed by converging downward-sloping trendlines.
What's so interesting about a falling wedge? It is considered a strong bullish sign 💪
This might sound strange if you look at the chart and see a constant downtrend.
However, breaking out of this pattern to the top usually ignites a massive pump.
This is especially true if a pattern has formed over a longer timeframe. Just like in RUNE's case!
Watching the trendlines is essential in this case. Although the pattern narrows, RUNE can still bounce back and force a couple of times.
