#RUNE/USDT#RUNE
The price is moving in a bearish channel pattern on the 12-hour frame, and it adheres to it well, and it is expected to break to the upside
The price rebounded well from the lower border of the channel at the green support level of 4.50
We have a tendency to stabilize above the Moving Average 100
We have oversold resistance on the RSI indicator to support the rise, with a downtrend about to break higher
Entry price is 5.90
The first goal is 6.68
Second goal 8.32
Third goal 9.77
Rune
Alikze »» RUNE | Demand area supportIn the continuation of the daily time frame analysis, after the break of the trigger line and pullback to the broken structure, RUNE had a growth in accordance with the movement path, which again showed a positive reaction to this trigger line after correction.
💎 But in the 12H time frame, due to the momentum and upward guard and support in the green box, it can continue to grow after filling the FVG gap and breaking the trigger line up to the supply range and neck line.
💎 Therefore, in the first scenario: a possible scenario with support in the green box, we should see the FVG gap fill and climb up to the trigger line, which can continue this growth after its failure until the supply range.
💎 Second scenario: in case of weakness in the continuation of the trend and loss of the green box area, this correction can continue until 3.13.
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📈 RUNE Trade Analysis 💼Trade Overview:
RUNE has shown positive market movement this morning and is still in a favorable buy zone, making it an attractive option for a long trade.
Trade Technical Details:
Entry: Enter a trade at the break of the top of the range support level of $7.00. This indicates a potential upward momentum.
Take Profit:
First target: $8.00 - $9.00
Next resistance area: $10.00 - $11.00
Stop-Loss: Set a stop-loss just below $6.50 to manage risk and protect against a downside move.
🔍 Monitor RUNE's price action for trade execution and necessary adjustments! 📊 #RUNETrading #CryptoAnalysis 🌐📊
RUNEUSDT.1DAnalyzing the daily chart for RUNE/USDT, we can pinpoint several crucial technical aspects to guide trading decisions.
Key Resistance and Support Levels:
Resistance 1 (R1): $6.314 - This level has acted as a recent peak, and a breakthrough here could indicate further bullish momentum.
Resistance 2 (R2): $7.940 - A higher resistance, which if surpassed, could signal a significant bullish trend continuation.
Support 1 (S1): $4.342 - This is the immediate support level that has previously seen buying interest, suggesting it could provide a rebound point if retested.
Technical Indicators:
Relative Strength Index (RSI): The RSI is currently at 47.04, slightly below the neutral 50, indicating a slight bearish bias but not far from a balanced market condition.
Moving Average Convergence Divergence (MACD): The MACD line is slightly above the signal line, suggesting a potential increase in bullish momentum. However, the histogram close to zero indicates that the current momentum is weak.
Trend Analysis:
The price is currently consolidating within a range defined by the support at $4.342 and resistance at $6.314. This consolidation suggests indecision in the market but also provides a clear setup for potential breakouts.
Conclusion:
The RUNE/USDT market shows signs of consolidation with a potential for upward movement if it can break above the resistance at $6.314. Traders might consider buying opportunities near the support at $4.342 with a close stop-loss below this level to manage risk. If the price breaks above R1, it may target R2 at $7.940, particularly if accompanied by increasing trade volume and further bullish indicators from the MACD.
Conversely, should the price break below the support level at $4.342, it could indicate a deeper bearish trend, possibly testing lower support levels not indicated on the chart. As always, monitoring the RSI and MACD will provide further clues to momentum and potential reversal points in the market dynamics.
RUNE/USDT LOW RISK, HIGH REWARD SETUP!Hello everyone! If you enjoy this content, please consider giving it a like and following for more updates.
Welcome to this RUNE/USDT Trade setup!
According to the chart, RUNE/USDT formed a bullish structure here and gave a breakout. There is also a 200MA support. It looks ready for a 100-120% pump from here. Buy some here and add more in the dip.
Entry range:- $5.9-$6.4
Targets:- $7.1/$8.2/$9.84/$11.32/13.88
SL:- $5.44
What do you think about this? Share your thoughts in the comment section.
Thank You!
RUNE: breakout renge📊Analysis by AhmadArz:
🔍Entry: 6
🛑Stop Loss: 5.594
🎯Take Profit: 6.227 - 6.654 - 7.240
🔗"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."
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RUNEUSDT.1DReviewing the daily chart for RUNE/USDT, let's delve into the technical aspects and signals presented to guide potential trading decisions.
Key Resistance and Support Levels:
Resistance 1 (R1): $6.314 - This level has served as a pivot point recently, and the price is currently approaching it, making it a critical area to watch for either resistance or breakout.
Resistance 2 (R2): $7.940 - A higher resistance point that represents a significant barrier from previous price actions.
Support 1 (S1): $4.342 - This support level is crucial, reflecting a consolidation point that could potentially hold if the price were to retrace.
Technical Indicators:
Relative Strength Index (RSI): The RSI at 51.41 is just above the neutral 50, indicating a slight bullish bias but not strong enough to suggest overbought conditions. This position allows for potential upward or downward movement.
Moving Average Convergence Divergence (MACD): The MACD line is above the signal line and the histogram is positive, suggesting that the bullish momentum is building. This could be indicative of potential continued upward movement if the trend holds.
Trend Analysis:
The chart shows a recovery from a low with a sequence of higher lows and higher highs since then, indicating a bullish trend in the short term. The recent movement towards R1 will be key in determining whether this momentum can push the price through this resistance level.
Conclusion:
The current market analysis of RUNE/USDT suggests a cautiously optimistic outlook. The approach to R1 at $6.314 will be pivotal. A successful breach of this level could open the path to R2 at $7.940, supported by bullish indicators from the MACD and a supportive RSI. Traders should consider buying opportunities if the price convincingly breaks above R1 with significant volume, setting a stop loss slightly below this level to manage risk.
Conversely, if the price fails to break through R1 and shows signs of reversal, it might be wise to watch for a potential retest of S1 at $4.342. This could serve as a defensive position for those looking to manage risks in a volatile market. As always, monitoring the RSI and MACD for shifts in momentum, as well as external market factors, will be crucial to adapting strategies accordingly.
The RUNE will explodeLooks like RUNE is forming a big, time-consuming diametric to achieve ATH! From where we entered "START" on the chart, we seem to have entered a bullish diametric pattern.
The green area is a low-risk area for buy/long positions.
We specified the targets of wave E on the chart. If an alt party occurs, RUNE can follow this path for the medium and long term
When we reach TP 1, put the stop on the entrance.
Closing a daily 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
RUNE/USDT Possible to back test before continue upward movement!💎 Paradisers, the recent market dynamics surrounding #RUNE have indeed been noteworthy.
💎 It appears that the price is set to revisit the demand area within the $4.98 - $4.3 range to gather significant momentum for a bounce, subsequently fueling upward movement.
💎 This momentum is crucial for testing the resistance area and breaking through for further advancement towards our target zone.
💎 However, should RUNE fail to bounce from the demand area or even break below it, the price may retreat to the OB area to accumulate orders before staging a robust bounce.
💎 The OB area still retains its freshness and possesses the potential to facilitate a strong upward movement once again.
💎 Bullish Invalidation would occur if RUNE fails to bounce from the OB area and subsequently breaks below it. Such a scenario could lead to further downward movement and potentially prolong the bearish sentiment.
MyCryptoParadise
iFeel the success🌴
RUNE: 📊Analysis by AhmadArz:
🔍Entry: 5.673
🛑Stop Loss: 5.520
🎯Take Profit: 5.843 -6.026 -6.223
🔗"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!
🔆📈 RUNE Long Trade Strategy! 🚀📊📊 Analysis:
Near Support: RUNE has been trading near support for the last four days, and it's holding steady.
Indicator Reset: Some indicators have reset, signaling a potential entry opportunity.
Entry Point: Consider entering a long spot trade at the current $5.00 level of support.
Profit Targets: Target profits at $6.40 - $7.25 or $7.90 - $8.40 resistance levels.
Risk Management: Set a stop-loss just below $4.33 to mitigate potential losses.
📈 Trading Strategy:
Entry: Initiate a long position at the current support level of $5.00.
Targets: Take profits at identified resistance levels.
Risk Control: Maintain risk management discipline with the specified stop-loss.
🚨 Note: Continuously monitor market conditions and adjust strategy accordingly! 📊🔍 #RUNE #LongTrade #CryptoAnalysis 🌟📈
THORChain (RUNE): Chances for a Swing TradeOn the two-hour timeframe, the clarity of the market movements for BINANCE:RUNEUSDT becomes even more evident. The end of Wave ((i)) is marked by our high at $11.47. Following this peak, there has been a consistent downtrend, punctuated by a brief corrective phase—this is typical market Elliott Wave behavior.
We potentially have the end of Wave ((ii)) established within the 50% to 78.6% retracement levels. Additionally, a Fair Value Gap (FVG) is marked in yellow on this chart. This scenario presents a second strategic play for Rune.
We would wait for the price to rise, triggering a change in structure. This would involve retesting the trendline and the Fair Value Gap, then breaking out above and re-touching the support zone where we could place our entry.
This strategy would represent a short-term trade opportunity but is quite intriguing due to the dynamics at play on the lower timeframe. It’s feasible that we might follow this plan depending on how the situation develops with Rune.
THORChain (RUNE): An outlook on the Higher TimeframeAt BINANCE:RUNEUSDT , we are initially examining the monthly chart because we believe it reveals something very significant and promising. We are potentially in a major Wave 3, which could realistically target at least $34.70. This is a considerably high target, yet feasible for Rune given its performance relative to other cryptocurrencies—it hasn't risen as sharply, suggesting there might be substantial upward potential once it breaks out.
We have observed multiple fakeouts around this trendline but have never truly broken above it. This trendline, along with the demand zone highlighted on the monthly chart, will be crucial anchors for our analysis.
We do not expect to fall below this demand zone; it forms the basis of our swing or spot bag setup for Rune. The response to recent price dips has been encouragingly positive, indicating resilience. If we see a clear breakout above this trendline and the price successfully consolidates above it, we anticipate significant bullish momentum to follow.
Rune keeps compressing upwardsRune keeps compressing upwards. With it's lending mechanism out in full force it's creating buying pressure on the token.
Technically, we have the EMA's crossed over and sloping up on the daily which looks really good for a continuation move.
RSI also looks good with a gradual slope up and showing strength.
If this ascending triangle pattern continues to play out, we could see RUNE push a lot higher.
Cheers.
Rune - Elliot Wave playI want to preface this with a couple things.
The first, I am biased towards Rune in the fact that I own some for the long term and I believe in the project.
The second, I really don't like Elliot Wave in general. I think it's use cases are generally arbitrary at best.
That being said, this Elliot wave set up almost seems too obvious not to post. If Rune can get going and hold these $5 levels we should be able to move a lot higher. My initial target is $20 at the moment. While MACD is positive, that's the only real "signal" I give credit to, this support zone will have to nullify the MACD downside crossover and some other indicators to give this pattern a shot. Once this happens, it will be a huge indication of strength, however, that all still needs to play out.
If you are worried about this area holding, simply scale in your positions and manage your risk accordingly.
Cheers,
-TCD
🔄 RUNE Analysis Update 📈🔍📊 Key Insights:
Rejection and Retracement: RUNE faced rejection at the top of the range support and has started to retrace.
Potential Entry Opportunity: Retracement could offer an entry opportunity at the bottom of the support area.
Support Levels: Bottom of the range support identified at around $7.00.
Take Profit Targets: Potential take-profit levels at the top of the range support, followed by higher levels.
Risk Management: Tight stop loss placement below $6.85 to manage downside risk.
📈 Trade Plan:
Entry: Enter into a long spot trade if price tests the bottom of the range support near $7.00.
Take Profit: Target take-profit levels at the top of the range support around $8.00. Additional profit targets at $9.30 - $10.00 or $11.25 - $12.00.
Stop Loss: Place a tight stop loss just below $6.85 to mitigate potential losses.
📈🔍 Outlook: With a clear entry strategy and identified support levels, RUNE presents an opportunity for traders to capitalize on the retracement within the range. Risk management is crucial given the uncertainty surrounding BTC's price movement. 🚀📊 #RUNE #TradeOpportunity
Rune ! Dump To 14 % ?After touching the $7.15 area three times, we can consider this area weak. If the price breaks and the candle closes below this range, we can expect the following targets:
6.88
6.68
6.45
And exit the trade in the range of 6.17 - 6.10.
Things to keep in mind:
This is only a technical analysis and there is no guarantee that targets will be achieved.
Always do your research and use a proper risk management strategy before trading.
The profit and loss of the transaction is for you.
RUNE - Good Potential LONG trade#RUNE/USDT #Analysis
Description
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+ RUNE has unmistakably breached the resistance and is currently consolidating within a defined range.
+ The successful retest of the price reinforces the bullish sentiment, indicating a potential continuation of the upward trend.
+ With this in mind, I anticipate further price appreciation and am initiating a long trade with a risk allocation of 2% of the capital.
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VectorAlgo Trade Details
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Entry Price: 9.05
Stop Loss: 6.75
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Target 1: 10.5
Target 2: 13.6
Target 3: 16.5
Target 4: 19.6
Target 5: 25.5
Target 6: 31.0
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Timeframe: 1D
Capital Risk: 1-2% of trading capital
Leverage: 5-10x
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Enhance, Trade, Grow
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VectorAlgo