Rune
#RUNE Bullish Scenario after H&S begins to formI had 2 scenarios for #RUNE at midnight 28/05/21, it seems to be that the H&S pattern is forming, I am filling my spot positions with targets highlighted on the chart. Rune fundamentals are very strong at the moment too so I will be keeping my eyes out for any further updates!
RuneUSDT Bullish or Bearish time comes?Rising wedge of Rune showing for us possible of lower but in this market we see a lot of breaking of rising wedge BUT this time is different we have very low BTC.D where we need bounce and make some rejections.
1. Hopefully bids is possible also if we get BTC lower if we didnt hold.
2. BTC.D bounce possiblity
3. Rising Wedge
4. Crossing EMAS what's not good sign.
DeFi tokens comparison vs their own Index In this chart we have a birds-eye-view of most DeFi perpetual swaps against the DEFIPERP index (an index with around 25 defi tokens)
RUNE and SOL immediately come to attention as the biggest overextended pushers.
CREAM, KNC, COMP biggest laggards against the index.
This is also subjectively bullish since coins that underperform generally tend to have liquidity rotation into them at some point.
CREAM for example is one of those that seem to gather some hype on social media. Worth to keep an eye.
Potential UptrendTechnical Analysis:
Showing healthy uptrend in coming days. Let me know in the comment if you think otherwise.
Fundamental Analysis:
Price rallied every since Thorchain released Multichain Chaosnet (MCCN) and DEX about 2 weeks ago.
It should be going up and people showing support to the project.
It is a good project, however I'm not sure if it's widely used or not. Pls comment if you do know any info
NFA and still learning! Forgive me for any mistake
🆓THORChain/USDT Map (1/5) #RUNE $RUNEThe buying force is still pouring into RUNE and it could reach the 20$ zone in the next few days with the 15$ support zone
📈BUY
-Buy: 14.6-15.4$. SL B
📉SELL
-Sell: 19-20$. SL A
♻️BACK-UP
-Sell: 14.6-15.4$ if B. SL A
-Buy: 11.7-12.3$ if A. SL B
❓Details
🕯Timeframe : 1 Day
📈Red Arrow : Main Direction as BUY & SELL section
📉Blue Arrow : Back-Up Direction as BACK-UP section
🟩Green zone : Support zone as BUY section
🟥Red zone : Resistance zone as SELL section
$RUNE, Looking for a bounce around ~25k sats into a retry of ATH$RUNE
(did levels all over)
Volume has been doing LLs over the last 10 days (since ATH)
Willing to see if it can restart the way up
Looking for a bounce around ~25k sats into a retry of ATH level
Positions since UCTS 1D Buy signal is still open(~130%)
#RUNE
EXTREMLY BULLISH $RUNEHello I have been in this project since $4.50 and it has already produced great returns / I then added more entries at around $6.50 , I will be holding this coin for a long time whilst taking profits along the way , this project is very undervalued and is the future of DeFi and will to the market cap what UNISWAP did and shoot to the top 10 , will not be selling a penny till at least $50 ? Our end goal where we will take majority of coins off table is around $100
RUNE / THORChain in bullflag
RUNE has been chopping for almost two weeks now. It's almost time for an ATH.
Since the crypto market is in shambles, RUNE may test a lower low (10.5 - 9.7). It may also just go direct to the higher levels.
Expect chop and set levels accordingly. This is not financial advice.
Resolution time: 7 days or less
Target: 14+
RUNEBUSD - Zone of SupportA confluence of Western Technical indicators identify a zone of support suitable for placing buy orders.
Entry: 5.80
SL: 4.88
T1: 8.35
T2: 9.90
T3: 12.00
RR: 2.76, 4.43, 6.70
3M: Pivots PP
1D: Bollinger Band Lower
1D: Fibonacci 61.80% retracement, EMA 144
1D: Ichimoku Senkou A