Rune
Rune Ruined? Elliott WaveLooks like it printed a pretty classic correction into resistance before the dump, which is looking like a decent impulsive move down from the AOI of the last chart. Looks like it could be ready for a correction, so I am watching for it to correct in potentially the same way into some resistance before more down. If this helps please boost and follow, Cheers!
RUNE/BTC 4HRUNE/BTC=RUNE needs to break through the median of the Keltner channel to search for the cloud and then start a wave split to search for the target of 23752
Thorchain is a protocol that aims to meet this need by allowing the trading of cryptographic assets across multiple blockchains in a fully decentralized way. As the number of users on blockchain networks grows, the need for cross-network liquidity also increases.
RUNE/USDT: about to triggered significant recovery---- Mid-term Analysis for the next coming 4 weeks to 3 months - Daily on Daily Chart (LIN)-------
RUNE/USDT: about to triggered significant recovery
Context
The Global Crypto market leads by BTC and ETH is still evolving within a bearish market configuration. Like the others digital assets RUNE has been suffering about negative global market situation which should be ended with the rrecent bounce on going on ETH surpassing 1440
Previous analysis : 08/06/2022 :
Market configuration
- Graphical Elements :
Graphical Resistance = 3,25 & 8,35 & 13,50
Graphical Support = 1,62
- Mathematical Indicators:
EMA ( Exp Moving averages) are capping the market at 3,25 = Bearish / Neutral
RSI indicator (below) is bouncing off key support and challenge 50% area = Bullish
- Elliot & Harmonic Wave (Fibonacci):
Fibonacci Target E (B) has been already reached = 1,60/1,40
Fibonacci resistance of the wave in progress = 3,25
Fibonacci support of the wave E (B)(max extension) = 1,09
Fibonacci Bullish Target = 8,35 & 6,25 (auto-similar move)
Conclusion
Preferred case => Regarding the mid-term element, RUNE is still offering a good opportunity to play a continuation of the recovery on going - we adjust the key support 1,62, bypassing 3,25 the bullish recovery will be defenitly confirm offering opportunity to add the exposure on this Token
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📌 Friends, I want to share with you technical analysis on #Run, I think there are options to break through the first target of $3.040
📌It will be safer to open a deal from the borders of the trend line, my entry will be from the trend line!
Write comments and like what do you think about this?👇
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Trend line retest entry ($2.630)
Sample deal plan:
-Entrance 2.630
-Stop-loss $2.423
-Take profit 2.995$
Stop set a little below the trend line, may give a false takeaway.
Rune can rise to 3.5Since the 18th of June at 1.5 zone, Rune has started to rise and reached a local high at 3.
A correction followed that transformed into a congesting consolidation and, in fact, a symmetrical triangle.
A break above the resistance of this triangle would give scope to further gains with a measured target at 3.5 which also coincides with horizontal resistance.
Also a buy trade for this coin would have more than 1:2 R:R
RUNE at lower level of upwards channelHas been consistently putting in higher highs and is currently at the bottom of the upwards channel its been following.
This could be a strong LONG entry, however there is a strong resistance level indicated by the box. This is where id be looking for entries based on how it reacts!
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.
📈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)
If you like this idea then do support it with like and follow.
Also, share your views in the comment section.
Thank You!
💡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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Now, It's your turn !
Be sure to leave a comment; let us know how you see this opportunity and forecast.
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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