Uhm, is that a head and shoulders pattern? by scaredycatguide

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hive-167922 · @scaredycatguide · Dec 27 '23

$23.97

Uhm, is that a head and shoulders pattern?

Just when I thought RUNE was gonna run away on my this then plays out.

The this is the possible head and shoulders pattern you can see below on the daily chart.

#### Things that make you go hmmmm?
 https://i.imgur.com/nul0IgH.png 

So, what needs to happen for things to be good.

Well, the price of rune needs to get above 6.50 atleast.  Then taking out the recent high in the 7s takes us completely bullish again.

On the opposite of this is price working lower and breaking the neckline as it is called on this pattern.  That is at about 5.10 in my opinion.  Yes there is the recent swing low at 4.85 that can play as support and even be considered the low end of the neckline, but either a move below 5.10 is not a good thing.

I will say this, I'm a buyer if we do test 4.85.  I had grabbed a tiny bit more at 5.6 on yesterday's red candle.

As long as I keep my average price around 3.50 I'm pretty comfortable.  My average price is in the low 3s at the moment.

Posted Using [InLeo Alpha](https://inleo.io/@scaredycatguide/uhm-is-that-a-head-and-shoulders-pattern)

👍 yabapmatt, leo.voter, edicted, behiver, neal.power, nextgen622, pouchon, danielsaori, alexpmorris, preparedwombat, carrinm, michellectv, scooter77, soyrosa, scaredycatguide, ffcrossculture, steemaction, forexbrokr, nthtv, muratkbesiroglu, leoschein, bitrocker2020, devann, venarisyndicate, raiseup, bozz, toofasteddie, iansart, smartvote, niallon11, builderofcastles, rima11, gadrian, dlike, drricksanchez, officialhisha, vxn666, choogirl, skiptvads, simplegame, nftspecialists, mitchelljaworski, rufans, kevinwong, ahmadmangazap, rmsadkri, elevator09, econo, moeenali, kam5iz, gniksivart, gduran, jemmanuel, enjoyinglife, opinizeunltd, leeyh2, cindy911, criptoar, untilwelearn, curatorcat.leo, adambarratt, hopestylist, leoline, fjworld, and 152 others

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@behiver · Dec 27 '23

I sure hopes so as I want for RUNE to go beyond $10. I still think some big players don't take it yet seriously, so when it will go to Top 20 more money will come its way.

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@scaredycatguide · Dec 27 '23

Yeah, top 20 coin seems inevitable.

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@fjworld · Dec 27 '23

Sure looks like a head and shoulder.
3.50 here I come !LOL

👍 lolz.leo

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@lolzbot · Dec 27 '23

<div class='pull-right'><center><img src="https://lolztoken.com/lolz.png"><br><a href="https://lolztoken.com">lolztoken.com</a></p><br><br><br><br></center></div><p><center><strong>How do construction workers party?<br>They raise the roof.</strong><br><sub>Credit: <a href="https://peakd.com/@reddit">reddit</a></sub><br>@scaredycatguide, I sent you an <a href="https://lolztoken.com">$LOLZ</a> on behalf of fjworld<br><br>(3/10)<br><div class='pull-left'>https://files.peakd.com/file/peakd-hive/cryptoshots.nft/23xoaireZsyZCrvZLKneUuKiKWkGSajVRi9FspoMe3F5bpYmsQR8tyvNzoiQ3uJLLfqPy.png</div><br><h2><center><a href='https://play.crypto-shots.com'>PLAY</a> & EARN <a href='https://hive-engine.com/trade/DOOM'>$DOOM</a></center></h2></center></p>

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@hivebuzz · Dec 28 '23

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@india-leo · Dec 27 '23

Indiaunited Curation 1703647373275

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