puli1989

Candlestick patterns help traders identify potential price movements and decide when to buy or sell.
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Bullish Candlestick Patterns (Buying Signals)
These patterns suggest a possible price increase and indicate a buying opportunity.
1. Strong Bullish Candle
A big green candle that completely covers the previous red candle.
Shows strong buying momentum and possible trend reversal.
2. Hammer
A small candle body with a long lower wick.
Appears after a downward trend, signaling a possible price recovery.
3. Morning Star Doji
A three-candle pattern: one red candle, a small Doji in the middle, followed by a big green candle.
Indicates a shift from a downward trend to an upward trend.
4. Rising Sun
A red candle followed by a strong green candle that closes above the middle of the red candle.
Suggests increasing buying strength and a potential price rise.
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Bearish Candlestick Patterns (Selling Signals)
These patterns indicate a potential price drop and signal a selling opportunity.
1. Strong Bearish Candle
A large red candle that fully covers the previous green candle.
Suggests strong selling pressure and a trend reversal.
2. Dark Cloud Formation
A red candle that opens higher than the previous green candle but closes below its middle point.
Signals a possible bearish reversal.
3. Shooting Star
A small candle body with a long upper wick.
Appears after an upward trend, showing weak buying strength.
4. Hanging Man
A small candle body with a long lower wick, appearing at the top of an uptrend.
Suggests a possible price drop.
Key Insights:
Buying signals emerge when certain bullish candlestick patterns indicate strong upward momentum.
Selling signals occur when bearish patterns suggest a potential downward movement.
For greater accuracy, always validate signals using volume trends and market analysis.

$RUNE



This weekly chart provides a broader perspective and helps identify longer-term targets and trends.

1. Price Structure (Elliott Wave Projection):
The chart suggests a potential 5-wave Elliott structure, implying a medium-to-long-term bullish reversal pattern.

Wave (1) starts from the current support (~1.2 USDT) aiming towards ~6.1 USDT.

Wave (2) is projected to pull back after reaching ~6.1 USDT.

Wave (3) could extend up to ~16.7 USDT, making it the strongest wave based on Elliott Wave Theory.

Wave (5) targets the ~20.99 USDT region as the final bullish extension.

2. Ichimoku Cloud:
The price is still far below the weekly Ichimoku cloud, signaling a strong long-term bearish trend.

However, the current price level (~1.28 USDT) is near historical support and the chart indicates a possible long-term reversal.

3. RSI (14):
RSI is currently at 28.90, near the oversold region (<30).

Historically, price has often bounced from this zone in previous cycles (e.g., late 2022 and early 2023).

4. MACD:
MACD is deeply negative and currently flattening, suggesting selling pressure is fading.

A bullish MACD cross could occur in the coming weeks, supporting the long-term reversal scenario.

5. Major Buy Zone (Long-term accumulation):
1.20 - 1.30 USDT: This is the key accumulation zone.

Historically, this has been a strong base where bulls stepped in.

Considering the weekly timeframe, this zone offers high potential with a favorable risk/reward ratio.

6. Major Take-Profit Zones:
TP1: 6.12 USDT (First significant target aligned with Fib 0.236 level).

TP2: 10.62 USDT (0.5 Fibonacci retracement level).

TP3: 13.14 USDT (0.618 Fibonacci zone - strong resistance).

TP4: 16.71 USDT (extended bullish scenario).

TP5: 20.99 USDT (Fibonacci extension target if a full bullish cycle plays out).

7. Summary & Strategy:
The setup suggests a long-term bottoming process at current levels with room for a potential multi-wave bullish structure.

Accumulate between 1.20 - 1.30 USDT.

Consider scaling out at each TP level based on your risk appetite and market conditions.

Stop loss idea: Below 1.00 USDT (to protect against breakdowns).