RUNE, the uptrend is blocked.
The following are machine translations:
In the 4-hour chart, the mid-to-long term is rising along the upward trend. It is currently blocked and pulled back near 3. It forms a double top structure at 3 and is viewed as a short-term decline.
The fast and slow line of the indicator macd is about to go down to the zero axis, which is a bearish trend. The RSI indicator fell below the neutral 50 and is in bearish territory.
Summary: Along the trend, it forms a double-top structure correction near 3, the indicator is bearish, short-term bearish, and sees near the rising trend line, if it effectively falls below the trend line, the market continues to decline. Stabilize and rebound near the trend line, go long, and it is expected to break through 3.
In the 4-hour chart, the mid-to-long term is rising along the upward trend. It is currently blocked and pulled back near 3. It forms a double top structure at 3 and is viewed as a short-term decline.
The fast and slow line of the indicator macd is about to go down to the zero axis, which is a bearish trend. The RSI indicator fell below the neutral 50 and is in bearish territory.
Summary: Along the trend, it forms a double-top structure correction near 3, the indicator is bearish, short-term bearish, and sees near the rising trend line, if it effectively falls below the trend line, the market continues to decline. Stabilize and rebound near the trend line, go long, and it is expected to break through 3.
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