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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 $4.20 before a continuation of the uptrend.
FTX:RUNEPERPShort
by Kai-FX
Head&Shoulders🎢Get your wallets ready, wolves🔥 Did you miss Head and Shoulders formation? Here it is! Head and Shoulders on RUNEUSDT crypto pair. All the parts are done and now the price is heading to the breakout. Moreover there is a historical bullish trend and now the price is close to the support zone. If the price breaks it then Bearish movement will be furious Follow the chart and look for the breakout carefully. _____________________________________________________ If you enjoy my FREE Technical Analysis , support the idea with a big LIKE👍 and don't forget to SUBSCRIBE my channel, you won't miss anything! Feel free to leave comments✉️ And always remember: "we don't predict, we react".
Short
by Berzerk_invest
5
RUNEUSDT – Potential 72% gainsBUY: 5.79 – 6.12 TARGETS: 1) 10 STOP: 4h candle close below 4.9 Rationale: -Price is moving upwards in a channel and broken through a key level (in blue). -Price has touched the top of the channel multiple times and is showing strength to break through. -As long as price remains above the key level we are bullish. -Expect a small retracement back to the buy zone before bouncing up. -If bitcoin dumps I would suggest cutting this position early and waiting for the market to stabilize before entering again. Your risk, your reward. This is not financial advice. Happy trading.
Long
by ForgeTrades
THORCHAIN 240 MIN TF.THORCHAIN is leaving an ascending bullish continuation channel in which we see rising highs and rising lows. Within the same bullish channel we see how the price has entered a phase in which it does not look like it is going to look for the lower divergence again. In the daily chart we can see how the price has tested the 6$ 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 $8.50. For our pattern to occur we will look for a candle in TF: 240 min with decision and closing near the previous high.
Long
by alvarogctmr
Don't get RUiNEd! 2Tracking RUNE last few weeks. See the related idea for more details. Triangle broken up, but now I do expect a pullback to the upper traingle edge (BUY-LIMIT level) in order to backtest it before going up again. SL is last local low. Target is height of the triangle projected from midpoint of the local range. Actually TP is bit lower, as 8 is round number. Invalidated when SL/TP level hit (even if BUY LIMIT not filled before). RRR 3.7 Please, smash the like button if you like my work. Cheers!
Long
by bizmark
4
RUNE/USDT Looking for a sweetspot-entry around 2.5$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. If you like the content, please like, comment and give this channel a follow. Cheers
Long
by tumbler55
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 ! Follow 🚶 Like 👍 Share your thoughts !
Long
by CryptonKidd
2