Rune
Rune back to $9!I do like Rune at the moment, it seems to be lagging compared to other coins but I still see that it’s got an inefficiency to fill at 9.24.
I think we do fill this soon, I have bought some on spot with the intention of offloading the majority once we hit that level.
Still a potential 26% gain to be had here! Invalidation would be closing the daily under 7.26-7.28. In which case I’d be looking to buy back at a lower level.
🆓THORChain (RUNE) Dec-6 #RUNE $RUNE
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📈RED PLAN
♻️Condition : If 1-Day closes ABOVE 6$ zone
🔴Buy : 7 - 6
🔴Sell : 9 - 11 - 14
📈BLUE PLAN
♻️Condition : If 1-Day closes BELOW 6$ zone
🔵Sell : 6
🔵Buy : 5
❓Details
🚫Stoploss for Long : 10%
🚫Stoploss for Short : 5%
📈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
RUNE TA - possible Bullish Scenario 4hI am longing at this level with a tight Stop loss. This trade is a risky one. Be aware of a fast wick down movement.
The main reasons for longing it:
* 4x bounces from the 0.618 fib level
* We are in the longterm in a bullish trend
* Bounces many times from the supportline (NOT support zone)
* The momentum is going up
Trading setup:
Entry: $10.55
SL: $9.88
TP: $13.53
Disclaimer: DYOR. No financial advice. Just for your impression.
ThorChain / Rune to $40 by Q1 2022Everything about this chart looks pretty good. a series of higher low accumulation points since the bounced lows in July.
First aim would be to take out the highs it got rejected from at the start of November around $16.5, generally 3rd tap of resistance leads to expansion, so a move up to this area I would expect an extended move beyond.
Looking pretty strong fundamentally at the moment, and hasn't been on a run for a while - anticipating this to start making a move at some point soon.
Target is pretty aggressive, but in crypto I don't think it's unreasonable.
rune THORChainRUNE UPDATE CHART
What Is THORChain (RUNE)?
THORCHain is a decentralized liquidity protocol that allows users to easily exchange cryptocurrency assets across a range of networks without losing full custody of their assets in the process.
With THORChain, users can simply swap one asset for another in a permissionless setting, without needing to rely on order books to source liquidity. Instead, market prices are maintained through the ratio of assets in a pool (see automated market maker).
The native utility token of the THORChain platform is RUNE. This is used as the base currency in the THORChain ecosystem and is also used for platform governance and security as part of THORChain's Sybil resistance mechanisms — since THORChain nodes must commit a minimum of 1 million RUNE to participate in its rotating consensus process.
THORChain was funded through an initial DEX offering (IDO) which launched through the Binance DEX in July 2019. Its mainnet originally launched in January 2021, but a multi-chain upgrade is currently scheduled for 2021.
THORCHAIN - LONGTHORchain has been struggling with some issues the past year or so... this has been holding back this project, however this particular setup has caught my eye, im awaiting a break in the trendline to the upside and then look to enter some positions, ideally on a retest of the trendline...
RUNE TA - possible Bullish ScenariosSince we broke the falling trendline I am bullish on RUNE for the next few Days. We also bounced from the fib 0.381 level and the support zone and the Momentum shows a green DOT. Target is the end of the arrowpath to take some profits. DYOR. Just for impressions :)
rune THORChain#1
rune neowave analysis
rune update . you can see previous analysis
PULLBACK on support zone ,good for entry