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Rune

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.
by MarsSignals
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
Long
by behdark
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🌴
by MyCryptoParadise
4
🔆📈 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 🌟📈
Long
by Richtv_official
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.
Long
by freeguy_by_wmc
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.
Long
by freeguy_by_wmc
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
BINANCE:RUNEUSDLong
by ChartDudes
🔄 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
Long
by Richtv_official
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.
Short
by Crypto-Oracle1
RUNE - Good Potential LONG trade#RUNE/USDT #Analysis Description --------------------------------------------------------------- + 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. --------------------------------------------------------------- VectorAlgo Trade Details ------------------------------ Entry Price: 9.05 Stop Loss: 6.75 ------------------------------ Target 1: 10.5 Target 2: 13.6 Target 3: 16.5 Target 4: 19.6 Target 5: 25.5 Target 6: 31.0 ------------------------------ Timeframe: 1D Capital Risk: 1-2% of trading capital 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 will 15x in 2024! Buy this coin immediately.Technical analysis Rune is an extremely bullish coin and will hit a new all-time high relatively soon! It's still a good time to buy this coin and make a very nice 1500% profit this year. Why? As we can see, the coin is breaking out of the descending parallel channel on the weekly chart. Always wait for the rarest, but the retest already happened, so I don't think this coin will go down anymore. You can take the profit early or hold it to my ultimate target, which is a 1.618 FIB extension. Volume is extremely high, we have almost a record, which confirms my idea! Let me know what you think about my analysis, and please hit boost and follow for more ideas. Trading is not hard if you have a good coach! Thank you, and I wish you successful trades. What Makes THORChain Unique? THORChain enables native asset settlement, allowing users to swap Bitcoin, Ether, Stablecoins, and other coins across 9 distinct blockchains. THORChain does not wrap or peg assets, instead it allows value to be exchanged from one coin on one blockchain to another coin on another chain. THORChain uses a unique system to help mitigate the issue of “impermanent losses” — or the often temporary losses that a liquidity provider can experience when contributing to liquidity pools. It achieves this by using a slip-based fee to help ensure liquidity stays where it is needed. THORChain combines a range of novel technologies, including on-way state pegs, a state machine, the Bifröst Signer Module and a TSS protocol to seamlessly facilitate cross-chain token swaps permissionlessly. This is all kept behind the scenes, making the platform accessible to even inexperienced traders. The protocol isn't profit-oriented. All fees generated by the protocol go directly to the participants eg. node operators and liquidity providers, and there are no provisions for the team. Instead, the team is incentivized by simply holding RUNE — just like everyone else. THORChain enables Streaming Swaps which allow large swaps to be broken up into many smaller swaps over time, which significantly reduces swap fees for users. Other than swaps, THORChain offers single-sided liquidity provision through Savers. Users can provide Layer 1 assets such as BTC and earn single-sided yield without impermanent loss. THORChain also hosts a flagship Lending protocol where users can borrow against their native BTC or ETH and receive a USD-denominated debt in the asset of their choosing. The loans have no liquidations, no interest, and no expiration. Let me know what you think about my analysis, and please hit boost and follow for more ideas. Trading is not hard if you have a good coach! Thank you, and I wish you successful trades.
Long
by Xanrox
14
Would you believe patience is a ViRtUrE... *** Would you believe patience is a ViRtUrE... If yOu KnOw then YoU KnOw *** RUNE Info THORChain is a decentralized liquidity protocol that enables users to easily exchange cryptocurrency tokens over the network without the need for intermediaries. This is achieved by creating a liquidity pool that automatically establishes prices and provides liquidity for trading. The key feature of THORChain is its ability to facilitate secure, fast, and reliable cross-chain asset operations. This means that users can directly exchange one cryptocurrency for another, even if they exist on different blockchains. The RUNE token in THORChain is used as collateral for validators in the network and to ensure liquidity in the liquidity pools. BINANCE:RUNEUSDT
by EndlessCode
RUNE/USDT bullish reversal from support?👀🚀RUNE Today analysis💎Paradisers, take note as #RUNEUSDT demonstrates a significant uptick in momentum from its support level, positioning it for a potential breach of the $11.508 resistance barrier if the current trend persists. 💎 Historically, #RUNE has experienced a bearish pattern, with a tendency to form lower highs and lows. However, a recent uplift from the $7.264 support level is generating optimism for a bullish reversal, particularly as it continues to leverage this support to possibly navigate beyond the mentioned resistance. 💎 In the event that #RUNE faces challenges in sustaining its drive at the $7.264 support, we are on the lookout for a bullish resurgence from an alternative support level at $6.433. Should it fall beneath this critical juncture, a further decline could be in the cards. It's essential we remain vigilant and ready to adjust our trading approaches in response to the market's movement.
Long
by MyCryptoParadise_Simon
3
THORChain RUNE Price wondering where to turn nextThe RUNEUSDT price does not behave like most altcoins or even BTC. So, we can assume that MM is leading it "where it needs to go." The previous wave of RUNE price growth was also "on its own" - it was driven up without any correction and despite negative news inputs on the market. We don't know whether the same situation will happen again now, but we will be watching the price of THORChain token very closely around $5.25 - If it is fixed higher, then we take the blue scenario as a reference point. - If sales begin and the price does not go above $5.25, then the red scenario will become quite realistic. Frankly speaking, after such a wave of growth as we had in the second half of 2023 (almost uncorrected), it would be nice to see a deeper correction, perhaps even to $2.40 If we don't see this, then the targets for the pump are much higher, and we will need "to jump on board" in time _____________________ Did you like our analysis? Leave a comment, like, and follow to get more
by P_S_trade
4