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Rune

RUNEUSDT.1DBased on the provided chart of RUNE/USDT (Thorchain against US Dollar Tether), here is an in-depth technical analysis: Current Price Action: As observed, RUNE is currently trading at $4.718, following a recent upswing from lower levels. The price movement since May shows a bearish trend, culminating in a sharp decline, followed by a recovery phase that is currently underway. Key Levels on the Chart: Support (S1) at $3.818: This level acts as the primary support, where we observed some buying interest that propelled the price upwards. Resistance 1 (R1) at $5.676: This level previously acted as support during the downtrend and may now serve as resistance. Resistance 2 (R2) at $6.639: This is a higher resistance level, marking the peak before the recent significant decline. Technical Indicators: MACD (Moving Average Convergence Divergence): The MACD line (blue) is above the signal line (orange) , indicating bullish momentum. This suggests that there might be potential for the price to move upwards towards the resistance levels. RSI (Relative Strength Index): The RSI stands at 61.02, which is in the upper range of neutral. This positioning indicates increasing buying momentum, yet still shy of the overbought territory, which would signal potential pullbacks. Analysis and Strategy: The price structure and the recovery hint at bullish undertones in the short to medium term. Traders should monitor for a solid breakout above the immediate resistance at $5.676, which could open the path towards $6.639. The strategy here would involve setting buy orders on dips near the support level at $3.818, accompanied by stop-loss orders just below this support to minimize potential losses. The approach to the higher resistance levels should be cautious. Should RUNE approach $5.676 and show signs of stalling or reversing (e.g., bearish candlestick patterns or divergences on the RSI/MACD), it might be prudent to take profits or tighten stop-losses to protect against a downward correction. Conclusion: This chart presents a favorable setup for bullish trades, especially if the price maintains its momentum and clears the $5.676 resistance. However, the volatility of RUNE necessitates rigorous risk management, given its sharp price movements historically. Keeping abreast of broader market sentiment and news specific to Thorchain could provide additional clues to future price directions.
Long
by MarsSignals
RUNE looks bullish (1D)RUNE appears to be creating a large triangle whose sides we have labeled abcde on the chart. Now the candles are at a "Key Level" and only when the candles are at this level, the RUNE is actually bullish. In the coming weeks, it is expected to reach the $7 channel and then correct for wave e of this triangle. For this wave (wave d) the target is $7 When wave e is over, we can again look for buy/long positions. Closing a daily candle below the invalidation level will violate this analysis and view. For risk management, please don't forget stop loss and capital management Comment if you have any questions Thank You
Long
by behdark
RUNE UPDATE (1D)This analysis is an update of the analysis you see in the "Related Ideas" section. We have not yet reached the green range of the previous analysis. Now we have more data on the chart. Wave D of the previous analysis looks like an ABC, while Wave B is a triangle. A swap resistance range is also formed for us on the chart, if the price reaches this range, we expect the price to reject downwards. The green area is the best place to shop. If the price reaches the green range, we will look for buy/long positions. Closing a candle below the invalidation level will violate the analysis. For risk management, please don't forget stop loss and capital management When we reach the first target, save some profit and then change the stop to entry Comment if you have any questions Thank You
by behdark
1
RUNEUSDT Long PositionMarket Context: We're looking for RUNEUSDT to break and close above $4.40, indicating a higher high and a potential trend shift towards the upside. Trade Setup: Entry: Ladder into a buy around the $4.00 zone, after confirming a break and close above $4.40. Take Profit: First target: $5.50 Second target: $7.20 Stop Loss: Place the stop loss at $3.60. 📊 Monitor the breakout confirmation closely and adjust your entry accordingly! #RUNEUSDT #CryptoTrading #TrendReversal 🎯
Long
by Richtv_official
Alikze »» HFT | Support at the bottom of the descending channel🔍 Technical analysis: Support at the bottom of the descending channel - It is moving in a downward channel in the daily and 12H time frames. - Currently, there is demand in the area of ​​the bottom of the descending channel and the beginning of the movement. - Therefore, if this demand continues in the range of the green box, it can continue its growth up to 0.195 first. - In addition, if it stabilizes at the top of the range, it will succeed so that the supply range and channel ceiling have an upward trend. 💎 Alternative scenario: if it cannot maintain the green box area and the bottom of the channel, this correction can continue up to the range of 0.0977. »»»«««»»»«««»»»««« Please support this idea with a LIKE and COMMENT if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered straight to your email in the future. Thanks for your continued support. Best Regards,❤️ Alikze. »»»«««»»»«««»»»««« BINANCE:HFTUSDT
Long
by alikze
4
Alikze »» SUSHI | Complementary wave C scenario🔍 Technical analysis: Complementary wave C scenario - In the previously presented analysis, the C wave stopped at 0.78 fibo of the previous wave. - It is currently moving in a descending channel in the 2D time frame. - There is an FVG gap and it is now in the middle of the channel, which is also symmetrical with the 0.78 Fibo range. - If it faces selling pressure again after filling this gap, it can touch the specified areas in the continuation of the completion of wave C. - Therefore, according to the current downward momentum, the pullback can be a broken structure. 💎 Alternative scenario: In addition, if it can break the neckline upwards after filling the FVG gap and exit the descending channel, it can retest the supply zone. »»»«««»»»«««»»»««« Please support this idea with a LIKE and COMMENT if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered straight to your email in the future. Thanks for your continued support. Best Regards,❤️ Alikze. »»»«««»»»«««»»»«««
Short
by alikze
Alikze »» RUNE | Head and shoulders pattern scenario🔍 Technical analysis: Head and shoulders pattern scenario - According to the analysis presented in the previous post, he retested the supply area after exiting the congestion, but failed to break it. - It is currently moving in an ascending channel in the weekly and daily time frames, which has broken the dynamic trigger. - A head and shoulder pattern has formed in the weekly time frame. 💎 If after retesting the dynamic trigger fails to break it and breaks the neckline, it can confirm the head and shoulder pattern for a downward trend to the origin of the movement, which can have downward targets near 3.13 and 2.35 and a green box. 💎 Alternative scenario: if the dynamic trigger is broken, its first target will be $6.25 and then it can be offered after the pullback to the successful structure of breaking the zone, it can have the next targets of $9.38 and $12.5. 🛑 Resistance range: 6.25 - 9.38 - 12.5 🟩 Support range: 3.13 -2.35 »»»«««»»»«««»»»««« Please support this idea with a LIKE and COMMENT if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered straight to your email in the future. Thanks for your continued support. Best Regards,❤️ Alikze. »»»«««»»»«««»»»«««
Short
by alikze
Fade Long For Early Position in Next CyclePhone is one of those tickers that I’m watching for the next cycle here with crypto. Currently at interesting inflection point the challenges if it doesn’t stop here then there’s a big hole between the current price and down to the two dollar area or so. That would be my concern starting a position here. One thing to consider is a DCA starting here down to $1.80. Daily Chart Analysis Momentum Analysis : RUNE/USD has been in a downward momentum since April, with lower highs and lower lows. Key Indicators : Fast Momentum: Indicates short-term bearish momentum. Slow Momentum: Indicates longer-term bearish momentum. RexDog Average (RDA): Positioned above the current price, acting as resistance. Support and Resistance : Support: Around $4.00. Resistance: Near $5.00-$5.50, aligned with the RDA. Price Action : The price is consolidating at $4.00, suggesting potential stabilization before the next significant move. Four-Day Chart Analysis Momentum Analysis : Continued downward momentum with lower highs and lower lows. Key Indicators : Fast Momentum: Downward, indicating short-term bearish momentum. Slow Momentum: Downward, reinforcing the bearish momentum. RexDog Average (RDA): Positioned above the current price, providing significant resistance. Mixed 200 (Red and Green Line): Acts as a bias indicator and a reaction area. Support and Resistance : Support: Around $4.00. Resistance: Around $5.00-$5.50, aligned with the RDA and the mixed 200. Price Action : Consolidation at $4.00, suggesting potential stabilization. Combined Analysis and Trading Strategy Reaction Zones : On both the daily and four-day charts, expect reaction zones around $4.50, $5.00, and $5.50 as the price moves up. These areas are aligned with the RDA and mixed 200, significant resistance levels. Entry Zone for Long Trade : The mixed 200 can be considered as an entry zone for a long trade. However, this trade is a fade trade against the predominant bearish momentum. Fade Trade Context : Given that all indications of this chart are biased and momentum is short, this is a counter-momentum trade. Traders should be cautious and look for confirmation signals before entering a long position. Overall, while the setup suggests a bearish sentiment, traders should be vigilant for possible reversal signals, especially around the mixed 200, if considering a fade trade.
BINANCE:RUNEUSDLong
by RexDogActual
RUNE Long Trade SetupCurrent Situation: BTC Trend: BTC potentially setting a bottom, which is usually a positive signal for altcoins. RUNE Technicals: RUNE is forming a double bottom at its range low support line. Historically, RUNE has performed well in bullish markets. Trade Strategy: Entry Point: Enter a long position in the range of $4 to $4.70. Take Profit Targets: First Target: $5.60 Second Target: $6.95 Stop Loss: Set a stop loss at a daily close below $3.80 to manage risk. Summary: With BTC potentially setting a bottom, RUNE is showing a strong double bottom pattern at its range low support. This presents a good buying opportunity if the bullish market sentiment continues. The strategy involves entering at $4 to $4.70, with profit targets at $5.60 and $6.95. The stop loss is set to trigger on a daily close below $3.80 to limit downside risk.
Long
by Richtv_official
RUNE - rejection or continuation ? #RUNE/USDT #Analysis Description --------------------------------------------------------------- + The price has reached the support zone and it's uncertain whether the support will hold or break. + If the support breaks, the next support level is around 3. If the support holds, I expect a strong reversal, providing us with a trading opportunity. --------------------------------------------------------------- VectorAlgo Trade Details ------------------------------ Entry Price: 2.657 - 4.246 Stop Loss: 2.00 ------------------------------ Target 1: 5.305 Target 2: 7.354 Target 3: 10.998 Target 4: 16.216 Target 5: 21.139 ------------------------------ Timeframe: 1W (Long Term) Capital Risk: 1-2% of trading amount Leverage: 5-10x --------------------------------------------------------------- Enhance, Trade, Grow --------------------------------------------------------------- Feel free to share your thoughts and insights. Don't forget to like and follow us for more trading ideas and discussions. Best Regards, VectorAlgo
Long
by VectorAlgo
$RUNE/USDT trading plan. Great coin to hodl, I explain whySome History, so that we know what we are talking about: Thorchain is a decentralized liquidity protocol that allows users to easily swap assets across different blockchains in a permissionless and trustless manner. It enables cross-chain decentralized finance (DeFi) transactions by providing liquidity pools for various cryptocurrencies, allowing users to exchange assets without relying on centralized intermediaries. The project was created by a team of developers led by Chad Barraford, also known as "Chadwick Strange," who is the co-founder and CEO of Thorchain. The team behind Thorchain aims to address the issue of liquidity fragmentation in the DeFi space by enabling seamless interoperability between different blockchain networks. Thorchain's native token, RUNE, plays a crucial role in the protocol's operations, serving as a means of liquidity provision, governance, and security. Circulating Supply: 335,641,741 RUNE Total: 414,274,277 RUNE Issue Date: 2019-06-20 CRYPTOCAP:RUNE is supported by a resilient team that has been continuously updating since 2019. CRYPTOCAP:RUNE has 90% of its supply released to the public, reducing the risk of VC dumping and token releases. Most tokens are now used as treasury, which is favorable. CRYPTOCAP:RUNE , along with its main project Thorswap, is constantly adding new bridges and experiencing steady growth. CRYPTOCAP:RUNE preserves the anonymity of transactions, which aligns with the core principles of cryptocurrency. CRYPTOCAP:RUNE competes with Uniswap, which faces regulatory issues with the SEC. Consequently, many users may seek alternative platforms like Thorswap for coin swapping, providing potential benefits to $RUNE. I have been trading CRYPTOCAP:RUNE since it was worth $1.5 and it is now around $5 during this bull run, presenting a good buying opportunity and recovering strongly from the last CRYPTOCAP:BTC dump. The take-profit are indicated on the chart. It's important to note that this coin is highly volatile; it can experience sharp drops but also significant gains. Do Your Own Research (DYOR) and trade safely. Feel free to share your profits in the comments!
Long
by CryptoNikkoid
RUNR: in channel📊Analysis by AhmadArz: 1. Support and Resistance Levels:** - Support:** Around $6.100 and $5.995. - Resistance:** Approximately $8.397 and $8.717. 2. Trend Channels:** - The price is moving within an upward channel marked by blue lines. - There is a clear uptrend with higher highs and higher lows. 3. Trading Strategy:** - Buy Zone:** Enter buy positions around the support area of $6.100 by SL: $5.935. - Target Prices (TP):** - TP-1:** $6.731 - TP-2:** $7.298 - TP-3:** $8.284 4. Overall Trend:** The trend is currently bullish within the ascending channel. The price is expected to move towards the target prices if the support levels hold. In summary, consider entering buy trades in the support zone and aim for the target prices within the upward trend channel. 🔗"Uncover new opportunities in the world of cryptocurrencies with AhmadArz. 💡Join us on TradingView and expand your investment knowledge with our five years of experience in financial markets." 🚀Please boost and💬 comment to share your thoughts with us!
Long
by ahmadarz