RUNE, Rejection or Break Out?RUNE is trading near strong former support which is now acting as a resistance.
Strong support/resistance static line with several hits (7 times ) is shown on the chart by thick red line. This static line supported the price for 5 times before breaking down. After break out , RUNE has found a new support and currently is at mentioned line again and may develop a valid pull back.
Rejection or break out? I myself, give more chance to rejection however, we have to be ready for every scenario.
Both rejection and break out targets are shown on the chart . We need a valid trigger to open a short/long positions at support/resistance zones. As always, we are trying to be unbiased.
Selecting right position , RUNE will brings us nice profit.
Good luck everybody.
Rune
📈THORChain (RUNE) Jul-26 #RUNE $RUNEAt the moment, RUNE is falling to the $2 zone, which is the last support of the uptrend since mid-June. We need to look carefully at the price action here to consider buying it.
If RUNE holds the $2 zone, it can rally back to the $3 zone and even $4.5
However, if it loses the $2 zone, it will have a crash similar to the beginning of June to fall back to the $1-1.2 zone, which will be a worthy accumulation zone for the long-term goal.
RUNEUSDT Coin review, will it break through support or not?Hello trader👋 Today I prepared a new idea for you. Like and subscribe to the channel there is a lot of useful information✅
RUNE is testing the support that was previously resistance, I think it is still in this zone, after which we will go down to about $2.262
Rune Bearish countHave some interesting Elliott Wave price action on this one. Some nice potential impulses to play off of. This would be the bearish variant. Bulls really need to break above and flip 3-3.40. Could be done at this point but there is a potential for one more leg up, before either more sideway or another leg lower. If helpful, like, follow and boost. Cheers.
RUNE/USDT TRADE SETUP! READY TO PUMP 100%!!Hello everyone, if you like the idea, do not forget to support with a like and follow.
Welcome to this RUNE/USDT trade setup.
RUNE looks good here. Breaks out from the big symmetrical triangle in 6hr time frame. Expecting a big move to the upside from here.
Entry range:- $2.34-$2.44
Target1:- $2.72
Target2:- $3.02
Target3:- $3.44
Target4:- $4.44
SL:- For leverage ($2.22)
For spot ($2.00)
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💡Don't miss the great buy opportunity in RUNEUSD @THORChain
Trading suggestion:
". There is a possibility of temporary retracement to the suggested support line (1.874).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. RUNEUSD is in a range bound, and the beginning of an uptrend is expected.
. The price is below the 21-Day WEMA, which acts as a dynamic resistance.
. The RSI is at 64.
Take Profits:
TP1= @ 2.097
TP2= @ 2.268
TP3= @ 2.437
TP4= @ 2.701
TP5= @ 3.057
TP6= @ 3.370
SL= Break below S2
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💡Don't miss the great buy opportunity in RUNEUSD @THORChain
Trading suggestion:
". There is a possibility of temporary retracement to the suggested support line (1.874).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. RUNEUSD is in a range bound, and the beginning of an uptrend is expected.
. The price is below the 21-Day WEMA, which acts as a dynamic resistance.
. The RSI is at 64.
Take Profits:
TP1= @ 2.097
TP2= @ 2.268
TP3= @ 2.437
TP4= @ 2.701
TP5= @ 3.057
TP6= @ 3.370
SL= Break below S2
❤️ If you find this helpful and want more FREE forecasts in TradingView
. . . . . Please show your support back,
. . . . . . . . Hit the 👍 LIKE button,
. . . . . . . . . . Drop some feedback below in the comment!
❤️ Your support is very much 🙏 appreciated! ❤️
💎 Want us to help you become a better Forex / Crypto trader ?
Now, It's your turn !
Be sure to leave a comment; let us know how you see this opportunity and forecast.
Trade well, ❤️
ForecastCity English Support Team ❤️
#RUNE, attempting to break above the 3months-range #RUNE is attempting to break above the range that has been established over the past three months.
UCTS indicator is bullish over a variety of timeframes
so I took the 1D Buy as entry
If successful in hodling or flipping this level, the first initial goal is 15k sats
$RUNE
THORChain (RUNE) - Renko chart updateTHORChain - Renko chart update
The last support line work pretty well - no RUNE has to break the next resistance line
Renko-Charts filter out the noise and give a clear TA picture
Tell me which Crypto you want to see as a Renko-Chart TA
*not financial advice
do your own research before investing
RUNE/BTC Great Buy - Strong Strength SnapshotFollowers may request a strength snapshot of any cryptocurrency, so like and follow.
1) Strength Profile: Green and very strong.
2) Bull Bear Squeeze: Bulls are well in charge.
3) Money Flow: Is positive and increasing.
For now, RUNE/BTC is a great buy - Strong Strength Snapshot: Strength Profile 🟢 Bulls in Charge 🟢 Money Flow 🟢 I'm going long from 1150 sats.
Don't miss opportunity for long position RUNEUSDThello guys
RUNE has some event on 31 July for Planned Obsolescence and its above to break the trendline and I think its very good opportunity to open a long position for this coin
all you need to know is in the chart
look closely and make your position smartly
this is just my idea and not a financial advice
leave a comment
ThorChain #RUNE $RUNE (Jul-7)The $2 zone is a good support where we can buy RUNE and expect a break out of the $2.6 zone and continue to move towards the $3.4 zone with the Broadening Rising Wedge pattern. Currently, the buying power of RUNE is very strong in the past few days and we can believe in the growth of RUNE in the near future.
#Rune / #USDT : Analysishello? Traders, welcome.
Notes related to this analysis :
- The upward trend of the price has weakened
- The Medline has become resistance !
- The rsi trend may also break
So, if the upward trend of the price breaks down, there is a possibility that the price will reach the bottom of the channel
Rune / BTC Chart :
The price has reached the supply area and is likely to drop further
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Rune can retrace back by 20%Rune price dropped massively during the recent crypto crash amid inflation, Ukrain-Russia War & CPI report. Rune regained momentum after printing a LL of 1.43. After that point till tomorrow price has increased by 68%. There was a clear cup & handle formation spotted on the chart and major targets are already been met. After the breakout of C&H formation, price has rallied all the way up by 26%.
The price is expected to fall between 1.75-1.65 region as correction. A lot of liquidity is sitting on this region. Keep a close eye on Bitcoin for clear direction. If price pumps above 2.47 then the set-up will be invalidated & we will expect an upward trend.