$RUNE to $12-$15I expect a slight pullback to $6.80 before marching to $12-$15 in April. I plan to take 1/2 off the table there for another entry to keep stacking that $RUNE!
Rune
RUNEUSD (Thorchain) analysis updatePrice has gone up around 15% since yesterdays analysis, however i still see there being further downside on this pair. While this has gone up, ETH and LTC have stayed relatively stagnant, while BTC is currently ranging between 50-55k.
As shown on the chart we can see a head and shoulders pattern has formed along with a hanging man at the strong resistance level around $5.80-$6.00. We can also see that price has shot up straight into the TL where we could see a rejection from.
I also find usually when price shoots up during the Asian session/early morning GMT time, we usually see a reversal of this movement later on in the day producing a wick on the daily candle. I still see BTC hitting at least 49k which will also bring ALTS down further and adding confluence to this analysis.
And finally we are also nearing the end of the monthly candle. If we close around the level we are at now, we should see a wick in the new monthly candle into $4.20 before a continuation of the uptrend.
RUNE/BTC at support region good entry for longsRUNE BTC looking good for entries
Price action is respecting the daily and 4H support region
Head&Shoulders🎢Get your wallets ready, wolves🔥
Did you miss Head and Shoulders formation? Here it is!
Head and Shoulders on RUNEUSDT crypto pair.
All the parts are done and now the price is heading to the breakout.
Moreover there is a historical bullish trend and now the price is close to the support zone. If the price breaks it then Bearish movement will be furious
Follow the chart and look for the breakout carefully.
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RUNEUSD Hanging man on the 8hr at $6 plus potential head and shoulders forming with a similar structure to the SNXUSD head and shoulders which recently occurred. BTC currently near 60k mark. Will need a reclaim above 60k for further bullish momentum.
RUNEUSD - RUNE (Thorchain) Bullish DivergenceRUNEUSD showing bullish divergence on 4H
Daily resistance has also flipped from resistance to support
Good entry for buys
RUNEUSDT – Potential 72% gainsBUY: 5.79 – 6.12
TARGETS:
1) 10
STOP: 4h candle close below 4.9
Rationale:
-Price is moving upwards in a channel and broken through a key level (in blue).
-Price has touched the top of the channel multiple times and is showing strength to break through.
-As long as price remains above the key level we are bullish.
-Expect a small retracement back to the buy zone before bouncing up.
-If bitcoin dumps I would suggest cutting this position early and waiting for the market to stabilize before entering again.
Your risk, your reward. This is not financial advice.
Happy trading.
THORCHAIN 240 MIN TF.THORCHAIN is leaving an ascending bullish continuation channel in which we see rising highs and rising lows. Within the same bullish channel we see how the price has entered a phase in which it does not look like it is going to look for the lower divergence again. In the daily chart we can see how the price has tested the 6$ zone several times. I think that if the price returns to this area can break with force, which indicates that we could go to look for at least $8.50.
For our pattern to occur we will look for a candle in TF: 240 min with decision and closing near the previous high.
Don't get RUiNEd! 2Tracking RUNE last few weeks. See the related idea for more details. Triangle broken up, but now I do expect a pullback to the upper traingle edge (BUY-LIMIT level) in order to backtest it before going up again. SL is last local low. Target is height of the triangle projected from midpoint of the local range. Actually TP is bit lower, as 8 is round number. Invalidated when SL/TP level hit (even if BUY LIMIT not filled before). RRR 3.7
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Don't get RUiNEd!IMHO the BUY ZONE needs to get tested as support. If it holds, the price could then make sort of triangle, and then break out to the upside. Well, just my imagination... :-)
RUNE has broken falling wedgeRUNE/USD (thorchain) has broken falling wedge
Even with lots of red this weekend in the markets, RUNE show lots of demand and quickly recovered each time
We have now broken a falling wedge
I expect RUNE to hit ATH in the next few days if price action continues like this
RUNE ascending triangleRUNEUSD (thorchain) showing ascending triangle pattern
Break of this should see upside past ATH
BTC very volatile recently, trade with caution!
ThorChain Long IdeaThorChain (Rune) has been in an uptrend for several weeks and and has been respecting a channel.
2/22/2021 Price has pulled back to the 61.8% retracement level which is in confluence with the demand line of channel.
Expecting the upper boundaries of $6.40 soon
RUNE/USDT Looking for a sweetspot-entry around 2.5$ThorChain (RUNE) could be the next backend for Binance and is, if this becomes true, poised to go upwards.
Shortterm I am looking for a sweetspot-entry around 2.5$.
The volume dropped slowly but consistently while the price rose. --> Bearish divergence.
Also, the previous resistances were not really challenged to hold as support so far.
Enjoy the ride and don't be too greedy.
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RUNEUSDT Ride The WAVE 📈February 10th - 17th RUNE nosedived . A move that must have shaken paper hands I guess.
But this time most coins had tsunami. Eventful week.
From thence RUNE picked upwards again.
Completed a wiggly move( W ). Then Boom it broke a familiar resistance level to $5 region
Here it meets another resistance
Potential Support at $4.3 mark. To break $5 cap 🎓, it needs a healthy retrace.
It should bounce off here upwards. Then completes its move down Key Level support.
From here to a new moon 🚀 with full throttle.
I will take my Long entry near Key Level. Below Resistance ( As in Chart )
I expect a long candle wick through to hit.
Bears can SHORT it from current price
FA :
RUNE has a unique future. Hidden in plain sight.
Audited code. Birthed by ThorChain
Speculatively GoTo tech. if BTC be regulated .
Huge potential in terms of Use-Case.
Market Cap is over $1 Billion . Wow!!!
What more can I say, 🤷♀️ DYOR !
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RUNE just set bid at supportStill waiting for entry ALTs.
What do you think?
Which direction are we going?
Feel free to ask/discuss anything on comment.
Don't forget to follow and like.
Two-level head and shoulders indicates strongly bullish signalI remain bullish on RUNE (THORChain) both fundamentally and technically.
Look at that nice two-story head and shoulders on $RUNEBTC.
Assuming that BTC holds around 50k per coin, the upcoming THORChain movement may result in 20-40$ per 1 Rune in this summer or even late spring.
In general, RUNE is extremely technical in terms of price movements and reactions.
It is a pleasure to watch her follow all trend lines and levels.
RUNE (THORchainHello!
Possible breakout on THORchain if Btc stays chill and alts stay bull.
Price and RSI has tested this supressing resistance line already a few times.
We did get a break out on RSI. We still need to go threw that 50EMA (Brown line) and close on top.
Like we can see 200EMA (red line) and previous structure worked as support.
Small volume also behind.
We can also retest that RSI as a support and bounce from there if we close above it.
Let's see what happens ;)
What I have researched RUNE sounds like an interesting project.
If you do take trades and are not holding for long term use stop loss.
Otherwise you will get your ass burned!
-Jebu
runeusdt will touch 6 these daysRuneusdt is uptrend, we can see flag pattern and the resistance are 4.7, 5 , 5.7 and 6.2
running fibsin the last cycle it seems like it had a hard time passing around the .618 line too, small correction to get a steady rsi again and another leg up should be in action
