Rune
RUNE Long Opportunity Market Context:
RUNE is showing signs of strength after consolidating near support and reclaiming the 200-day EMA, with a higher low further reinforcing the bullish structure. Holding above key trendlines, the setup indicates a potential continuation to the upside.
Trade Details:
Entry Zone: $4.30 – $4.70
Take Profit Targets:
TP1: $6
TP2: $8
TP3: $13
Stop Loss: Daily close below $4
This setup offers an opportunity to position for a potential breakout while managing risk effectively. 📈
#RUNE #RUNEUSDT #THORChain #Analysis #Eddy#RUNE #RUNEUSDT #THORChain #Analysis #Eddy
At your request, dear followers, I'm here with a technical analysis of THORChain (RUNE).
On the daily timeframe, after exiting the trend and the ascending channel, I expect RUNE to have a Sharpe decline to the specified demand area after pullback to the specified supply zone at 5.170 & 5.270.
After this drop to the demand zone, with confirmation, we can enter long positions with a focus on the targets of $10 and $20.
It is also appropriate for spot buy in prices : 2.150 & 2.000
I also invite you to benefit from my Bitcoin analysis...
Bitcoin analysis: ((BTC/USD)): Check the link:
RUNE/USDT Testing Critical Support – What's Next?RUNE/USDT depicts a bearish breakdown from a rising channel pattern. The price is currently hovering near the critical support zone around $4.20 to $4.50.
If this key support fails to hold, we could see a continuation of the downward momentum, targeting levels near $3.50 or lower.
However, a temporary consolidation near the support zone cannot be ruled out before the next decisive move.
DYOR, NFA
$RUNE is in an uptrend channelCRYPTOCAP:RUNE is an excellent DEFI blockchain that currently appears undervalued, taking time to recharge its momentum.
The price is trending upwards, with a short-term target of **$7**.
If you took advantage of the opportunity to accumulate in my **green box**, as outlined in a previous idea, you're well-positioned for solid profits. Stay patient and enjoy the ride! 🚀
DOG (GO TO THE MOON) IS MOONING THE BANANA IS FORMINGHaven'tThe DOG Meme of Bitcoin is breaking out. Notice the inverted Head & Shoulders with measured move to 0.007. Also Macro Fib puts the 2.618 target at (can't see on my chart because of publisging. somewhere around 0.015
If Not in, buy zune retest is marked.
BTC @ 63K imagine where DOG will be when BTC is 200K??
Alikze »» W | Ascending channel - 1D🔍 Technical analysis: Ascending channel - 1D
- It has been moving in a downward channel on the daily time frame
- After breaking the short-term downward channel, it is currently moving in an upward channel
- According to the momentum at the top of the channel, it can exit the channel with a pullback to the broken structure and continue its growth up to the first supply range as wide as the channel.
- In the future, it can continue its growth by breaking the first supply area to the second supply area.
💎 Alternative scenario: In addition, if the green box area is broken, it can go down with a pullback to the 0.1709 range.
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BINANCE:WUSDT
Last Chance: $RUNE Poised for Parabolic Move Beyond ATHsThis could be the last chance to enter before CRYPTOCAP:RUNE begins its parabolic move, or at least starts expanding, leaving everyone behind.
The new weekly trend is about to confirm, and it’s at a pivotal area. If it breaks above $7, this will trigger an even bigger upside. I believe CRYPTOCAP:RUNE is on track to break beyond its all-time highs and could potentially reach the second target near $75. It may seem ambitious, but the chart is signaling a strong move ahead. BINANCE:RUNEUSDT
Buying as close as possible to $6.60 for this setup.
Previous entries are posted here
3 Altcoins Rejecting the $5 mark!Since you enjoyed my previous post about 3 Small Cap Crypto to watch...
Here's an interesting one about altcoins retesting the $5 round number:
BINANCE:FILUSDT
FIL broke the structure and $5 round number. As it retests the support, I will be looking for trend-following longs and target the $10 round number.
BINANCE:PENDLEUSDT
PENDLE broke the structure and $5 round number. As it retests the support and lower green trendline, I will be looking for trend-following longs and target the upper bound of the channel around $7.
BINANCE:RUNEUSDT
RUNE broke the structure and $5 round number. As it retests the support, I will be looking for trend-following longs and target the $10 round number.
Which altcoins would you like me to cover next?
All Strategies Are Good; If Managed Properly!
~Rich
Alikze »»CAKE | Reverse head and shoulders pattern🔍 Technical analysis: Reverse head and shoulders pattern
- In the previous analysis , it was mentioned that a head and shoulders pattern was formed, that the last correction log can extend to the range of 1.17.
- As mentioned, it is moving in a descending channel.
- Demand was met at the bottom of the descending channel and the range, which experienced a growth up to the top of the channel and the broken zone.
- Currently, in weekly and daily time, in addition to the descending channel, it is in a concentration.
- In addition, it is suspected that the head and shoulder pattern is the opposite. Therefore, I expect it to advance to the supply zone after the last bearish leg and the right shoulder are completed, out of congestion.
💎 Note: It is necessary to explain that the right shoulder should not be extended to the previous area, in which case the alternative scenario should be checked and the post updated.
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Thanks for your continued support.
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BINANCE:CAKEUSDT
RUNE/BTC ThorChain Bullish Exit. Chance to triple your Bitcoin!BINANCE:RUNEBTC is forming a perfect trade setup with a clear defined stop loss and a few targets at +50%, +75% and 3x the current price.
I've been watching RUNE for a long time, and I have made two calls in the past year that were both correct in direction but never reached their targets.
The first call:
On the week of 12 April 2024 when this triangle was broken, I called a target of 3116 Sats. The target was never reached. We ultimately reached a low of 5100 Sats, but we did so in a gradual fashion respecting a descending trendline, which supported the price and acted as a lower line of a falling wedge structure that looks like this:
This was my second call with a target of 10,200 Sats. That target wasn't hit either.
The same lower line of that orange falling wedge now, in light blue, defines the bottom of a new falling wedge structure which is the main subject of this trade.
Price has broken above the falling wedge, then attempted a reversal off the top of it. Four times, the upper line supported price only to be broken the fifth time. A week later, price broke again above the line. I believe this is a perfect setup for a trade with a tight yet reasonable stop loss, and potentially a 3x bullish target.
Bear in mind, I'm calling 3x versus Bitcoin. I'm not talking about BINANCE:RUNEUSDT , which may well reach higher gains.
The stop loss is represented by the descending support line (dotted light blue) beneath the Falling Wedge's upper side.
The Targets are:
50% up to 8400 Sats.
75% up to 10,280 Sats.
200% (3x) up to 18,000 Sats.
Whether RUNE's price will reach these targets depends on the strength of the move. In the case where price gets rejected before or at reaching the first target at 8400 Sats, we can judge the momentum to be too weak, and expect a drop back to the falling wedge, this time, reaching the bearish target of my first call at 3116 Sats.
If the move is strong enough to reach the second target of 10,280 Sats, I expect a pull back and re-accumulation phase into what I labelled the Launching Platform on the chart. (Should've simply called it a Launchpad XD). This could be a bull pennant or an ascending triangle. That's what will push price to the third and log-scale target of 18k Sats.
Follow this chart here .
Alts with UPSIDE POTENTIAL | ALTCOINS | RUNE, ATOM, FETIn this time of the cycle, many alts have already rallied... and a few, haven't, patiently awaiting their turn for some liquidity.
In this video, I take a look at my TOP picks - there are many more, but let's start with these.
1) FET
2) RUNE
3) ATOM
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BINANCE:ATOMUSDT BINANCE:RUNEUSDT BINANCE:FETUSDT
Rune ChartHey,
Last one for now.
This one is RUNE, one of my favorites.
I started sharing this on IG when we were tanking towards 1, which was crazy value.
Nevertheless, this one still has a decent risk to reward.
Personaly around $20-$25 is where I exit.
This is due to the risk to reward of other projects.
Depending on where the market is sitting.
I believe that RUNE can do more, but if there are projects undervalued at that moment.
I like to transfer, exit and keep this a bit shorter-term.
Kind regards,
Max
📈RUNE can go high to $40 level / Alt Season rally📉BINANCE:RUNEUSDT
KRAKEN:RUNEUSD
Hello Traders
Rune is one of my suggestions for the altcoin market.
You can clearly see that volume has increased continuously. ---> Highly potential for the alt rally season.
RUNE is the native token of the THORChain network. It represents a multi-purpose universal token that supports all functions on the THORChain network and helps run the protocol. RUNE is used in governance, for staking, bonding for validator Nodes, and trading.
The best strategy for altcoins is to allocate a certain percentage of assets (for example, 10% of the total portfolio) to buy potential altcoins.🎲
2 ALTCOINS in 2 MINUTES | AAVE & RUNE | Great UpsideTwo altcoins in under two minutes - each with a bright future and good-looking upside potential.
BINANCE:AAVEUSDT
AAVE might e heading back to retest a crucial support zone, in other words - you could get a cheaper entry. A good place to look for potential buy zones, is on the moving averages in the daily. The price is on the right-hand panel, and indicates possible bounce zones:
BINANCE:RUNEUSDT
RUNE is slightly more advanced in the bullish cycle, forming higher highs after retesting the key support. There is still a major upside potential. Ultimately, the earlier / lower you buy, the better (unless you are a swing trader or scalp trader).
Either way , many altcoins will begin to pick up now that BTC is trading sideways.
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$RUNEUSDT: Ready to Break Out! BINANCE:RUNEUSDT has recently broken out of its downtrend and is now forming a symmetrical triangle, signaling a potential breakout that could lead to a significant upward movement. The fundamentals behind CRYPTOCAP:RUNE are strong, supported by a dedicated community, which adds to its long-term potential. Traders should keep an eye on the breakout from the triangle, as this could ignite a major price surge. As always, remember to set a stop loss to manage risk effectively while taking advantage of this exciting opportunity.
BINANCE:RUNEUSDT Currently trading at $5.2
Buy level: Above $5.25
Stop loss: Below $4.38
TP1: $5.7
TP2: $7
TP3: $9
TP4: $11
Max Leverage 3x
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