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Rune

RUNE/BTC { THORCHAIN } - BULLISH SETUPANALYSIS 🔎 - RUNE/BTC is printing the inversed head and shoulders pattern. - The inverse head and shoulders pattern is a bullish reversal pattern. - There's a breakout potential. BUY ENTRY ⬆️ - Market entry: current market price. - Stop limit entry: breakout above the inverse head and shoulders neckline resistance (@0.00022119). - Limit entry: Retest of the right shoulder's horizontal support level . TARGETS 🎯 - Fibonacci extension levels. SETUP INVALIDATION ❌ - Breakdown below the right shoulder's horizontal suppor level (@0.00014537).
Long
by Chibuike_Odoh
Thorchain (RUNE) Bottom @ $2.98, 200% gain back to ATHThorchain (RUNE) Bottom found @ $2.98 on the 20th July, expect 200 MA retest and break above this key level @ $8. We expect RUNE to retest the ATH level over the next few weeks/months. From the 31st March until the crash on May 19th (48 Days), Rune rallied 167% from $7 to $21.27. Rune is on course to recover to previous Highs experienced during March, April, May as the 13 EMA crossover above the 50 SMA signals strong bullish momentum (Swing Call Script Activated). We have been buying the bottom since the crash for Rune between $3-$7 with long targets back to the ATH @ $21.27, 200% Gain from current price level. This will not be a straightforward push back to the ATH but we can expect 2-3 different push phases.
Long
by CryptocurrencyMagnet
RUNE last line of supportOn HTF, another catastrophy could lead to RUNE if the line of support(red line) broken, following 8M hacked. A lot of volume trading here. Rune already down 85%. Long-Term-Hodler start DCA anytime from here. ''THORChain(RUNE) is a highly-optimized multi-chain with an efficient consensus algorithm called Yggdrasil protocol. It is based on practical Byzantine Fault Tolerance (pBFT). Overall, RUNE is providing unique solutions to current critical blockchain and cryptocurrency exchanges issues of low liquidity, interoperability, and safety. With Yggdrasil Protocol, RUNE can overcome scalability with vertical sharding which has a throughput of 100k transactions per second with less 10k nodes and 1 million transactions per second with less than 80k nodes.'' In simple word, RUNE make it possible to swap between native assets across different blockchains. Yet, hacking issues giving RUNE devs a room of improvement to become more secure. Fundamentally, this coin is the best tokenomic in the world so far.
by vanperso
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