📉 RUNE/USDT 1h Bear Pennant Setup
A clean Bear Pennant structure is forming on the RUNE/USDT 1-hour chart, tracked by ChartScout.
Key Technicals:
• Pattern Type: Bear Pennant
• Flagpole: 3.5% initial drop
• Resistance Touches: 2 recorded (upper teal boundary)
• Support Touches: 4 recorded (lower red boundary)
Educational Note:
• Structural Bias: Traditionally classified as a bearish continuation pattern. It represents a brief consolidation phase where sellers regroup before a potential resumption of the downward trend.
Pattern Specifications:
• Timeframe: 1h
• Maturity: 70.4%
• Volume: History shown on the lower panel.
Posting for chart discussion and pattern tracking purposes only. DYOR.
#ChartScout #Rune #cryptochartcraft #TechnicalAnalysis
A clean Bear Pennant structure is forming on the RUNE/USDT 1-hour chart, tracked by ChartScout.
Key Technicals:
• Pattern Type: Bear Pennant
• Flagpole: 3.5% initial drop
• Resistance Touches: 2 recorded (upper teal boundary)
• Support Touches: 4 recorded (lower red boundary)
Educational Note:
• Structural Bias: Traditionally classified as a bearish continuation pattern. It represents a brief consolidation phase where sellers regroup before a potential resumption of the downward trend.
Pattern Specifications:
• Timeframe: 1h
• Maturity: 70.4%
• Volume: History shown on the lower panel.
Posting for chart discussion and pattern tracking purposes only. DYOR.
#ChartScout #Rune #cryptochartcraft #TechnicalAnalysis