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Rune

RUNEUSD Staging a medium-term buyThorchain (RUNEUSD) is on a very strong two-day bullish streak with the RSI breaking above its June 06 high. Last time we posted a trade on RUNE, it was the 1D MA50 (blue trend-line) that helped us identify a confirmed buy: The token has been trading within a Channel Down pattern ever since its May 18 2021 market top. As you see, on both Lower Lows formations, the buy confirmation came when the price broke above the 1D MA50. A Bull Flag (Channel Down) followed and then a Lower Highs was made. As a result, and with the similarities on all of RSI sequence evident, this rise is most likely the set-up for that 1D MA50 breaks that could lead to a Lower High around the 4.5 Fib extension (8.000). -------------------------------------------------------------------------------------------------------- Please like, subscribe and share your ideas and charts with the community! --------------------------------------------------------------------------------------------------------
BINANCE:RUNEUSDLong
by TradingShot
8
RUNE/USD - Major reversal pattern confirmed! Next is $3 🚀Rune has made a perfect reversal pattern: 1️⃣ Inverted Head and Shoulder - reversal pattern in downtrend 2️⃣ Price broke above the neckline - pattern confirmed 3️⃣ Breakout was on increasing volume = high confidence This puts the price on a clear path to the next resistance at $3. Then re-assess. For now, the bias is bullish and the trend is clear in my eyes. Stop-loss under the neckline. Like and follow if you liked my idea!
Long
by DU09
5
RUNE/USDT: Buying area reached - Bullish reversal expected---- Mid-term Analysis for the next coming 4 weeks to 3 months - Daily on Daily Chart (LIN)------- RUNE/USDT: Buying area reached Context The Global Crypto market leads by BTC and ETH is still evolving within a bearish market configuration. Like the others digital assets RUNE is suffering about negative global market situation which should be ended once the crypto market gonna start the bullish reversal However we are focus on a key buying area now on this coin and we expect a fast and quick recovery regarding the wave swing configuration of the trading range Market configuration - Graphical Elements : Graphical Resistance = 10,20 Graphical Support = 1,20 & 3,00 - Mathematical Indicators: EMA ( Exp Moving averages) are capping the market = Bearish RSI indicator (below) is bouncing off key support = Bullish - Elliot & Harmonic Wave (Fibonacci): Fibonacci Target E (B) has been already reached = 3,00 Fibonacci resistance of the wave in progress = 10,20 Fibonacci support of the wave E (B)(max extension) = 1,20 Fibonacci Bullish Target = 17 & 25 (auto-similar move) Conclusion Preferred case => Regarding the mid-term element, RUNE is offering the perfect entry area for a mid-term portfolio configuration in order to anticipate a bullish exit towards 17,00 as long as 1,20 remains support - 10,20 is expecting to acts as an intermediate resistance to confirm the bullish exit from the consolidation Strong conviction => ABove 1,20 buy now (3,00) to reach 10,20 area = common part
Long
by JeanJean1983
1
THORChain (RUNE/USDT) : Strong bullish potential THORChain (RUNE/USDT) : Strong bullish potential Context : RUNE/USDT is evolving within a clear picture since the launch of the Token in october 2020. We can see a clear upside trend in 5th up wave (impulsion) before a pause in a trading range (yellow) in 3 abc waves (corrective).... It is a real ''school case'' and the logic is now to draw a second upside trend (auto-similar move) with a test of the upside limit of the range before. The recent bounce above the lower limit of the range reinforce the idea of a direct rise with an RSI indicator now in positive area with potential and the EMA activating a golden cross and acting as support. Key Elements (Daily Chart basis): - Auto-similar potential at 145 - Upper limit of the range potential at 17/25 - Key Fibonacci level at 5.00 + EMA support in the same area - RSI is above 50% Tactical view on 3 to 6 weeks: As long as 5 remains a key tactical support, the market offer opportunity to buy in dips and accumulate bullish position in order to play a freelunch target at 17 even 25. On a longer run (multi-month) the market is expected to break above 25 to rise towards auto-similar potential at 145 Enjoy my Friends !
Long
by JeanJean1983
$RUNE - A clear bid to Freedom! Price has been moving in a 24% downtrend range since it's breakdown from its $4 support. See my weekly swing analysis for lines drawn in the sand here: - (Take note of the full Fib retracement since ATHs @ 0.236 red level $4.09 - RESISTANCE) Standard DEVIATIONS can be seen at the top of the range at 13 & 16 May – there’s also one persistent deviation at the bottom of the range between 26-29 May. Currently, price seems to be trading in deviation out of the smaller parallel channel you can see on the 45(ish) degree angle – thus reenforcing my bullish weekly swing scenario trend analysis (see link above^) I project that we see price rejection @ Fib level blue 0.66 – around this level there are three clusters of price action toward the top of the range acting as HEAVY RESISTENCE. The price action here is accumulating here in a demand zone after falling through its $4 support. (Use the Googles to search “supply and demand resistance and support” for further information.) Given we can agree that we are accumulating rather than distributing - it stands to reason that the upcoming movements away from the range are… – up only! The strategy I would employ requires three layers – or bullets – as I like to call ‘em. Begin layering your position with a bid from @ fib green 0.5 followed by two more bids through to @ fib gold 0.382. You can see what bid prices I use on the right of the graphic - but choose as you will. Why three bids? Given how bullish price action is behaving – It’s easy – I would be way too sorry to assume my most greedy bid would be filled! If I snag 1 or 2 hey! At least I’m in. Long and short of it ( no puns intended ) – My weekly idea for a $7 Runecoin is just warming up. Get them bids in! or don’t! --------- This is not intended as financial advice – educational and entertainment purposes only.
Long
by daveibo1ster
Long RuneusdtRUNEUSDT is in accumulation phase. Now, it is forming a right shoulder before going up. Rune has is a very good coin, it should be forming inverse head and shoulder for it to go up. First target should be double top at 3.9 usdt. Stoploss: adjust based on ur preferences. Disclaimer - This analysis alone DOES NOT warrant a buy or sell trade immediately. Before you enter any trade in the financial market, it is very important that you have a proper trading plan and risk management approach.
Long
by Future_Wei
RUNE/USDT: GREAT POTENTIAL.RUNE/USDT: Okay, my first altcoin on the list is RUNE. If the market is in the favor of the bulls then we can expect some good rally on RUNE. RUNE has its mainnet release on 31st May 2022 and has great potential. Entry level: $2.9 to $3.1 (Note: Enter only when it bounces back or breakout & retests). Stop Loss: $2.74. Targets: $3.4, $3.7, & $4. Do not FOMO. Wait for the confirmation to enter this trade. I am not entering now. RUNE has the potential to rally if the market is in the bull's favor.
Long
by Dexter_The_Trader
$RUNE - Weekly swing ideaThis looks like it's in the making for a triple bottom. Price Action is in ranging in an 82% band since All Time Highs Price has been rejected at support near the $3 mark twice - this looks like the third bounce. The FACTS 1. Third time the 3 dollar mark is being tested. 2. On Balance Volume OBV is printing a massive BULLISH DIVERGENCE against the Price Action - see dotted white lines. 3. Relative Strength Index RSI is holding at JAN 22 last printed support level. 4. First major resistance zone is allocated in the red box - confluence found yellow fib level 0.382 5. $3 mark is classed as support. Conclusion Spot buys right now are looking irresistible - a buy now with a Stop Loss S/L set pretty tight near range LOW of $2.45 is advised. Higher resolution analysis is needed for HIGH leverage plays (x5-x20) - hold tight! The THREE percentage gains marked at FIB LEVELS are PROFIT TAKING situations. Once! and only once profit is taken should you be looking for adding position in due course. DO NOT ADD BLINDLY!!!!!
Long
by daveibo1ster
🆓THORChain (RUNE) May-23 #RUNE $RUNE The buying force is continuously being pushed into RUNE from the $3 zone. In the near future, RUNE may have a recovery with the target zones at $3.6, $4,2 and $5. However, if it loses the $3 zone, it will continue to fall sharply and we will need to watch carefully when it approaches the $2.6 and $2.2 zones. 📈RED PLAN ♻️Condition : If 1-Day closes ABOVE 3$ zone 🔴Buy : 3 🔴Sell : 3.6 - 4.2 - 5 📉BLUE PLAN ♻️Condition : If 1-Day closes BELOW 3$ zone 🔵Sell : 3 🔵Buy : 2.6 - 2.2 ❓Details 📈Red Arrow : Main Direction as RED PLAN 📉Blue Arrow : Back-Up Direction as BLUE PLAN 🟩Green zone : Support zone as BUY section 🟥Red zone : Resistance zone as SELL section
Long
by CryptoStation
1
RUNE LONG[SHOT] 📈$RUNE look like it's behaving in a ranging pattern (like most of the crypto market right now) However this pattern i've found on RUNE looks very clean for a long-shot. The FACTS 1. Price action is moving in a 27% range bound since breakdown and restest*** - see fib levels. 2. Price is reaching the very bottom of the 27% price range. 3. Price has respected a very clean yellow trendline from the highs of $3.83 all the way down to current price of $2.8 4. There are two heavy order block resistance points printed at July 21 and Feb 22 - see red box labeled RESISTANCE) Confluence of Indicators Foreword A break on the upside of the yellow trendline would open the line for a long position. I would only shoot for a long once this trendline IS broken with conviction henceforth spying for a RETEST in order to open the LONG. I would be looking for a 20% move to the upside before closing the trade with a relatively tight stop loss in place. 1. A break of conviction above the green dotted line at 2.9 would signal long options. i would like to see price hike over $3-$3.10 and then look to buy long spots at $2.9 2. Red box of Resistance confluences with fib level blue 0.66 and fib level yellow 0.618. - this is one of the golden indicators i use for spotting reversals. - here is where i close the trade. 3. BULLISH DIVERGENCE spotted with dashed yellow lines on OBV AND RSI - powerful indictor of reversal. 4. Price is still respecting the 27% bound range and MAY*** have finished its testing of the lows. Conclusion Potential for a clean 20% upmove with a nice 5R risk to reward (a 4% stop loss) is more than on the cards. Have to see a clean convicted break of yellow trednline!
Long
by daveibo1ster
4
THORCAIN(RUNE)-USDTGreetings, The price is moving in a downward channel (logarithmic chart), the price is at its lower boundary. Right now the price is squeezed between $3 and $4. If the $3 zone is held and the general background of the cryptocurrency industry is positive (bitcoin price), there is a probability that the price will return to the channel resistance in the area of $8-10. With negative developments for the crypto market, the channel is likely to break down with targets of 0.75-1. Repeating the movement of bitcoin during the last month. short - price consolidation below $3 long - price consolidation above $4. trading in the range of $3-$4. If you liked this material, please like it and subscribe, so as not to miss anything. Always use STOP, and do not use trading leverage greater than x3. A trader must always have tomorrow.
by Kirill_Gaitan