Rune Looks Promising for MidtermSeems Like Has Already Bottomed Out Formed & Breaking Falling Wedge In 3 Days Tf Incase Of Breakout Expecting Massive Bullish Rally In case Of Successful Breakout Expecting Move Towards 5$
Rune
RUNEBTC 1HThe given bearers for the RUNE/BTC pair are 0.0000281 and 0.0000252. These are the levels where prices have had a hard time falling in the past. This means that these levels can be considered 'floors' or 'barriers', where the fall in price can slow down or be stopped.
The resistances are at 0.0000359 and 0.0000437. These are levels that prices have struggled to break through in the past. Thus, these can be seen as 'ceilings' or 'barriers' where price rises can slow down or be stopped.
Considering the RSI (Relative Strength Index), there is an exhaustion of purchasing forces. This is usually a sign that the market may be overbought and that a correction or even a trend reversal may be in the offing. The combination of these technical factors could indicate a downward movement in the pair in the short term.
Thorchain (RUNE) is a cross-chain solution that allows the exchange of cryptocurrency assets on different blockchains. Additionally, Thorchain allows users to earn interest on their cryptocurrency assets by providing liquidity, which adds an additional incentive for holding RUNE.
Will RUNE/USDT hit $21 Mean 40x From Here in Next BullRun?Analyzing the Bull Run Potential of RUNE/USDT: A Promising Investment Opportunity
The Previous Bull Run:
The last bull market for RUNE/USDT showcased an extraordinary performance for holders. Starting from September 21, 2020, with a price of around $0.322, the pair skyrocketed to $21.28 by May 17, 2021. This impressive rally resulted in a staggering 6626% increase within just 238 days, demonstrating the tremendous potential of the asset.
The Subsequent Bear Market:
Following the all-time high of $21.28, a bear market ensued. Over a span of 756 days, the price of RUNE/USDT plummeted by approximately 96%, reaching a low of $0.777 on June 12, 2023. This significant decline from the ATH presents an attractive opportunity for accumulation, with the expectation of future upward movement.
Accumulation Strategy:
Considering the current price level of $1.028, it is an opportune time to start accumulating. While a potential further 30-50% downward move is possible, attempting to predict the market with 100% accuracy is challenging. Therefore, gradual accumulation is recommended.
Entry Zones:
To capitalize on the anticipated price movement, two entry zones are proposed:
First Lot Entry: $1-$0.90
Second Lot Entry: $0.6-$0.5
Timing and Targets:
The expected price decline may occur towards the end of 2023, making the late 2023 and early 2024 period ideal for entering the market. With historical evidence of significant bull runs, the targets for the next uptrend are projected to be impressive.
TP1: $5/$10/$15/$20
This suggests a potential 40x increase from the bottom if Lot 2 entry zone is reached.
Key Levels:
Bullish Breakout Level: $1.40
Breaking this resistance level could trigger a skyrocketing price movement for RUNE/USDT.
Support Levels: $0.8/$0.5
Resistance Levels: $1.40/$3.50/$11
Disclaimer: This analysis is for informational purposes only and should not be considered as financial advice. Conduct thorough research and consult with a financial professional before investing in any cryptocurrency.
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RUNE WILL GO TO HELLHi, dear traders. how are you ? Today we have a viewpoint to SELL/SHORT the RUNE symbol.
For risk management, please don't forget stop loss and capital management
When we reach the first target, save some profit and then change the stop to entry
Comment if you have any questions
Thank You
BIG PICTURE.FOR SWING AND POSITION TRADERS BINANCE:RUNEUSDT …price is at HKEX:1 plus after falling from HKEX:20 , a good ROI, a good price to BUT and HODL.
Rune Thorchain RUNEUSDTPrice is at 2.5 yr old support level.
Projected targets are up there.
I will further breakdown this trade in trade update section
dont miss those moves.
GL
RUNEUSDT LONGNot a financial advisor.
Trend change confirms for the last bearish trend on 4 hours chart, We are waiting for a simple/little retreat before the momentum comes in.
The first entry for the first green box (earlier entry).
The second entry is for the second box and if you are the kind that likes to hold your breath underwater, then the green line entry (late entry) is for you.
Target is 3 dollars.
Expected results: Min of1:22
We will be looking out for any red flags after entry cause this was not called on multiple/necessary confluences, it is more like chasing trade, you know.
Minimize your loss and follow proper risk management, this is not financial advice.
Falling Wedge , With RSI D bottomPattern played out too early for me,
so on the side waiting
for a retest to join the party
did not see this double bottom formed at the RSI, Missed the 6% move
RUNE shortRUNE broke trough the support level. Asset broke trough the ascending trendline. Bearish movement to support level at 1.17 is possible.
RUNEusdt may be donerune/usdt. RUNEUSDT has recently exhibited a Descending Broadening Wedge pattern on the weekly chart, with wave ABC already complete and the coin preparing for Wave D. Price is forming a leading diagonal immediately after wave C, suggesting that the bullish trend may continue to form Wave D.
The expected target of Wave D is 50%-61.8% of Wave BC, indicating a potential price range of around $5.357-$6.986. We should keep an eye on this range as it may signal a potential trend reversal or continuation if price manage to break the zone.
Furthermore, the wave E is expected to form our Ultimate Buy zone, making it a critical level for us to watch. The Ultimate Buy zone is the point where the price of the asset is expected to reverse back up from the downtrend and start moving up again.
As with all technical analysis patterns, we should consider all factors before entering a position, including other technical indicators, fundamental factors, and market sentiment. While the Descending Broadening Wedge pattern suggests a bullish trend, there are always risks and uncertainties involved in trading.
Trade wisely and stay safe. Do not forget to appreciate my effort with your likes.
tankyou
please like
I love rune
RUNEUSD - Up ChannelRUNE is currently within a large up channel and has poised itself in the middle roughly
A bull breakout is shown in the green bars pattern, this is the continuation of the channel result
Moving Up above the yellow line
Accumulation Phase in Progress in weekly time frame i am looking forward to see a retrace to $1.5 to start bullish move to reach $2.2.
#RUNE/USDT Technical Analysis (REQUEST 18)
The first 15 charts for the following alts have been posted on my other social platforms:-
Check the links in my bio.
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I will be covering 14 more charts from here.
DM me if you have any requests, and I will try to cover them.
Let's get back to the chart.
RUNE is one of the strongest coins out there.
It's up 60%+ from the bottom.
Currently, hitting the local resistance.
IMHO, Buying the retest around the $1.5 area would be a smart move with a target of HKEX:2 +
Any dip will be a blessing.
For leverage traders, $1.4 to $1.7 is the trading range in the short term.
Let me know what you think and do hit the like button and share your view in the comment section.
Thank you
#PEACE
RUNE : INCREASE VIEWRune seems to show an interesting view, we will follow it to see if it's able to confirm the coming time.
RUNE longRUNE broke trough the descending trendline. Asset broke trough the resistance level. Bullish movement to resistance level at 1.95 is expected to happen.
RUNEUSDTWe do have an active MTR on 4 hr chart,
Therefore, My entry price will be at 1.657 after break out where all Stop lost of sell positions will be trigerret,
targets are marked on chart,
Lets C
RUNE buy midtermI bought RUNE on a breakdown of the 1.5 zone. Stops are hidden under 1.38, a longer stop at 1.3. And the profit targets according to the chart markup 1.66 and 1.8.
Support for the author subscribe ✅ and start rocket 🚀.
Good luck and profits to all.
RUNE/USDT LONG SCALP SETUP! 25-30% PUMP EXPECTED!!Hello everyone, if you like the idea, do not forget to support it with a like and follow.
Welcome to this RUNE/USDT trade setup.
RUNE looks good here. Breaks out from the bull flag-like structure in 4hr time frame and currently retesting it. Also, holding well above the 200ema. Expecting a 25-30% pump from here. Long some here.
Target1:- $1,52
Target2:- $1.64
Target3:- $1.75
Target4:- $1.86
SL:- $1.40
Leverage:- 5x-10x
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Ichimoku Analysis for RUNE$RUNE will short once we get a bounce till 1.522 on this. Also will make sure that lagging is below the kumo cloud. TP1 will be 1.3 and TP2 will be 1.162
$RUNE/#USDT [#THORChain]: Resistance_Breakout_Confirmation◳◱ A Resistance Breakout and Confirmation has been detected on the $RUNE / $USDT chart. The price has broken above a key resistance level and has been confirmed by a strong candle, indicating a potential bullish trend. The next resistance key levels are located at 1.819 | 1.986 | 2.285, and the major support zones can be found at 1.52 | 1.388 | 1.089. Consider entering a trade at the current price zone of 1.635 and targeting higher levels.
◰◲ General info :
▣ Name: THORChain
▣ Rank: N/A
▣ Category/Sector: N/A
▣ Overview: THORChain project overview is currently unavailable. I'll try to update this in the upcoming analysis.
◰◲ Technical Metrics :
▣ Mrkt Price: 1.635 ₮
▣ 24HVol: 9,347,576.790 ₮
▣ 24H Chng: -0.729%
▣ 7-Days Chng: N/A
▣ 1-Month Chng: N/A
▣ 3-Months Chng: N/A
◲◰ Pivot Points - Levels :
◥ Resistance: 1.819 | 1.986 | 2.285
◢ Support: 1.52 | 1.388 | 1.089
◱◳ Indicators recommendation :
▣ Oscillators: NEUTRAL
▣ Moving Averages: STRONG_SELL
◰◲ Technical Indicators Summary : SELL
◲◰ Sharpe Ratios :
▣ Last 30D: N/A
▣ Last 90D: N/A
▣ Last 1-Y: N/A
▣ Last 3-Y: N/A
◲◰ Volatility :
▣ Last 30D: N/A
▣ Last 90D: N/A
▣ Last 1-Y: N/A
▣ Last 3-Y: N/A
◳◰ Market Sentiment Index :
▣ News sentiment score is N/A
▣ Twitter sentiment score is 0.70 - Bullish
▣ Reddit sentiment score is 0.38 - Bearish
▣ In-depth RUNEUSDT technical analysis on Tradingview TA page
▣ What do you think of this analysis? Share your insights and let's discuss in the comments below. Your like, follow and support would be greatly appreciated!
◲ Disclaimer
Please note that the information and publications provided are for informational purposes only and should not be construed as financial, investment, trading, or any other type of advice or recommendation. We encourage you to conduct your own research and consult with a qualified professional before making any financial decisions. The use of the information provided is solely at your own risk.
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A small crypto breakdownA realistic, non biased analysis on BTC, RUNE, DXY and US30. The only bias I have is 6 dollah soon (==3
Long Term Investment on RUNERUNE is currently down for about 91% from its ATH. Meaning, if you buy now and it goes back to its ATH, you may have more than 10x profit.
Even if it doesn't go to its ATH, some possible scenarios:
- Closest support-turned resistance = 92% potential gain
- Closest weekly high = 5x profit potential
More supporting data from indicator to support this thesis =
Broke out 21 EMA
RSI shows bullish divergence
