Should you buy the dip at Rune on Friday?

Many coins slipped into negative territory on Friday after Bitcoin (BTC/USD) fell by over 2%.

Rune (Rune/USD) fell by over 6% on Friday and was once again in a crucial demand zone. This could provide some great buying and dipping opportunities for investors who missed the rally at the end of October.

  • After a strong rally of 112% in October, rune reached a high of $ 17,2. However, since then, the price has since corrected and has now fallen to $ 12.

  • Rune is currently in a critical demand zone, which could be the make or break zone for rune. As soon as a reversal is seen, Rune could start a rally again and reach a new high.

  • After Rune hit the $12 mark earlier this week, the coin consolidated. He could soon be preparing for a new rally.

  • Rune has corrected to the Fibonacci retracement level of 0.5. A recovery could soon occur, as rune had reached the bottom at $ 12 before the strong increase in October.

  • If the rune were to reverse, there could also be a price drop, which is a strong bullish pattern and could be a great sign for investors.

  • Earlier this month, a golden cross-over was seen, suggesting that Rune may be continuing his rally soon.

  • Investors müssen note that an entry should be made only when a clear reversal is seen and rune is able to break through $ 13.

  • A new target of $15 could be set, followed by a new high of $17.1.

  • A stop loss can be held below the zone at $ 11.5.

Conclusion

It might be a good idea to buy the burglary of Rune. However, investors should be patient and wait for a reversal before entering the long term. If there is a reversal now, it looks very bullish for the rune in the coming weeks. In the coming months, a new Höstatus could even be reached.

Should you buy the dip at Rune on Friday? appeared first on Coin Hero.

Stay in the Loop

Get the daily email from CryptoNews that makes reading the news actually enjoyable. Join our mailing list to stay in the loop to stay informed, for free.

Latest stories

You might also like...