Rune
RUNEUSD New MACD Cross can send it to $40. Cycle Top even $800!THORChain / RUNEUSD is about to form a Bullish Cross on the 1W MACD.
The previous Bullish Cross saw the price grow by +911.54%.
Another such rebound targets $40.00, that should be your medium term target.
Long term, if the price goes for a full repeat of the 2019-2021 run, we may even see $800 as the Cycle Top but don't keep the majority of your coins until then.
Previous chart:
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RUNE is going up in the channelRUNE is going up in the channel.
🔵Entry Zone 5.506 - 5.778
🔴SL 5.0699
🟢TP1 6.1010
🟢TP2 6.7777
🟢TP3 8.4198
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RUNEUSDT.1DBased on the given market data, the currency RUNE is currently priced at 5.409 USDT. In terms of technical indicators, the RSI (Relative Strength Index) at different time frames (4h, 1d, 7d) are 64.93, 60.24, and 68.94 respectively. These values suggest that the currency is neither overbought nor oversold.
The MACD (Moving Average Convergence Divergence) for 4h, 1d, and 7d are 0.040, 0.160, and 0.752 respectively, which indicates a bullish trend. This is further supported by the Bollinger Bands (Bb) data, with the current price being below the upper band for all time frames, suggesting potential for price growth.
Looking at the support and resistance levels, the immediate support level in the 4h timeframe is at 5.224, and if it breaks this level, the next supports are at 4.947 and 4.408. On the other hand, the immediate resistance level is at 5.632, and if it breaks this level, the next resistances are at 5.980 and 6.113. These levels for the 1d and 7d timeframes are relatively higher, indicating a bullish market sentiment.
Considering the above analysis, it seems that there is a positive trend for RUNE in the short term. However, as with any investment, it is recommended to consider other factors such as news, market sentiment, and risk tolerance before making a decision.
RUNE/USDT On the Cusp of a Bullish Break from Demand Zone? 👀💎 Paradisers, get set for a lucrative trading moment with #RUNEUSDT, as signs point towards a bullish continuation from a key demand level.
💎 Exploring #thorchain current path, it's encountering resistance at the $6.094 supply level. We're positioned for a bullish turnaround from the demand level of $5.503. Should the price maintain its drive, a strong bullish trajectory is anticipated, setting the stage for another assault on the formidable supply zone.
💎 If the drive behind #RUNE starts to wane, anticipate a bullish resurgence from the established demand at $5.034. The significant liquidity at this level boosts the chances of a bullish push. Yet, a descent below this critical point may signal a shift towards bearish territory.
RUNE/USDT Keep an eye on the key area. Descending channel!!💎RUNE has recently displayed noteworthy market dynamics, forming a descending channel pattern.
💎 Last week, it encountered resistance within this pattern and faced rejection. Currently, it's retracing back to the demand area in an attempt to gather new momentum and potentially break out of the pattern.
💎 However, if RUNE fails to find support upon reaching the demand area, the price could continue its downward trajectory towards the Bullish OB area. Conversely, a bounce from the Bullish OB area could lead to a significant upward movement, potentially resulting in a breakout of the pattern and a return to a bullish trend.
💎 Yet, if RUNE struggles to bounce even at the Bullish OB area or breaks down from it, this could signify a bearish momentum, indicating further downside potential for the price.
RUNEUSDT UPDATE The RUNE/USDT trading pair represents the exchange between THORChain (RUNE) and the US Dollar (USDT). Currently, there seems to be a potential buying opportunity based on technical analysis and possibly other factors.
2. Technical Analysis:
General Trend:
Identify short, medium, and long-term trends. Use indicators such as moving averages, Relative Strength Index (RSI), and Bollinger Bands to assess the overall market direction.
Potential Buying Zones:
Identify key support levels where the price has historically bounced. Use tools like Fibonacci retracements to determine potential buying zones.
Technical Indicators:
Examine indicators such as Moving Average Convergence Divergence (MACD) for detecting trend reversal or continuation signals.
3. Fundamental Analysis:
News and Events:
Examine recent news and events related to THORChain that could influence the price. Announcements of partnerships, development updates, and industry events can have a significant impact.
Project Fundamentals:
Evaluate the fundamentals of the THORChain project, including its value proposition, development team, adoption, and long-term prospects.
4. Risk Management:
Stop Loss and Take Profit:
Set stop-loss levels to limit losses in case of unfavorable movements. Also, identify take-profit levels based on resistances or predefined targets.
Risk/Reward Ratio:
Ensure that the risk/reward ratio is favorable before entering a position. This means that the potential for gain should outweigh the risk involved.
5. Conclusion:
In conclusion, based on technical and fundamental analysis, there appears to be an interesting buying opportunity on the RUNE/USDT pair. However, it is imperative to closely monitor market movements, implement appropriate risk management, and adjust the strategy based on market developments.
RUNE/USDT Analysis1. Overview:
The RUNE/USDT trading pair represents the exchange between THORChain (RUNE) and the US Dollar (USDT). Currently, there seems to be a potential buying opportunity based on technical analysis and possibly other factors.
2. Technical Analysis:
General Trend:
Identify short, medium, and long-term trends. Use indicators such as moving averages, Relative Strength Index (RSI), and Bollinger Bands to assess the overall market direction.
Potential Buying Zones:
Identify key support levels where the price has historically bounced. Use tools like Fibonacci retracements to determine potential buying zones.
Technical Indicators:
Examine indicators such as Moving Average Convergence Divergence (MACD) for detecting trend reversal or continuation signals.
3. Fundamental Analysis:
News and Events:
Examine recent news and events related to THORChain that could influence the price. Announcements of partnerships, development updates, and industry events can have a significant impact.
Project Fundamentals:
Evaluate the fundamentals of the THORChain project, including its value proposition, development team, adoption, and long-term prospects.
4. Risk Management:
Stop Loss and Take Profit:
Set stop-loss levels to limit losses in case of unfavorable movements. Also, identify take-profit levels based on resistances or predefined targets.
Risk/Reward Ratio:
Ensure that the risk/reward ratio is favorable before entering a position. This means that the potential for gain should outweigh the risk involved.
5. Conclusion:
In conclusion, based on technical and fundamental analysis, there appears to be an interesting buying opportunity on the RUNE/USDT pair. However, it is imperative to closely monitor market movements, implement appropriate risk management, and adjust the strategy based on market developments.
RUNE/USDT Downward go to key level or break out the pattern ??💎 RUNE has recently experienced significant developments in the market. There is a possibility that RUNE may continue its downward trajectory and test the Bullish OB area around 3.28, with the potential for a significant bounce after reaching this area.
💎 However, if RUNE manages to break out of the descending channel pattern without hitting the Bullish OB, it could lead to an upward movement, and there is a chance it will probability attempt to break through the Bearish OB area towards our target.
💎 On the other hand, if RUNE fails to show a positive response while at the Bullish OB area and instead consolidates with weak volume, this could be a concerning sign. It may indicate a breakdown of the area, potentially leading to a continued downward movement towards the support area.
💎 The support area is critical, and a bounce from this level is necessary to maintain the potential for an upward movement. If this bounce doesn't occur, the price could continue its bearish trend and move lower.
RUNE - God of the pump - PART 2RUNE - God of the pump - PART 2
part 1 (linked) was a 5-6x bagger.
Been under the radar even though it outperformed almost everything. Which means most didn't have a bag initially. Thats good.
"selling your winners and holding your losers is like cutting the flowers and watering the weeds."
Peter Lynch
LFG
The RUNE engine will restart !It looks like RUNE is completing a diametric in wave X format. With the completion of the G wave, we can expect another upward step from RUNE.
We marked the TPs on the chart.
If it returns to the green range, you can enter the buy/long position towards the specified TPs.
Closing a daily candle below the green range 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 - COSMOS Ecosystem Analysis SeriesI will post a series of longer timeframe technical analysis on Cosmos Ecosystem coins.
Here is the fourth project in my long term buy list: Rune - ThorChain. I will be adding more RUNE on the dips to my buy zones shown on the chart.
Not a lot of people know this but the RUNE token has been developed with the COSMOS SDK and it is an integral part of the Cosmos ecosystem, represents a significant advancement in the world of decentralized finance (DeFi) and cross-chain interoperability. Here are some key facts about the RUNE (ThorChain) project:
Cross-Chain Liquidity Protocol: ThorChain is a decentralized liquidity protocol that allows users to seamlessly exchange assets across different blockchain networks without losing custody of their assets. This is a groundbreaking step towards true cross-chain interoperability in the DeFi space.
Native Token - RUNE: RUNE is the native token of ThorChain and plays a critical role in the ecosystem. It is used for liquidity, governance, security, and rewards within the ThorChain network.
Decentralized and Permissionless: ThorChain operates as a completely decentralized and permissionless network, enabling users worldwide to participate without the need for intermediaries. This aligns with the ethos of blockchain technology, promoting a trustless and open financial system.
Innovative Security Model: ThorChain utilizes a unique security model called "Continuous Liquidity Pools" (CLPs), which incentivize users to supply liquidity and thereby ensure the security and stability of the network.
Yield Farming and Staking Opportunities: RUNE token holders can engage in yield farming and staking, providing them with opportunities to earn rewards while contributing to the network's liquidity and security.
Resilient Against Centralization: ThorChain's design inherently resists centralization, promoting a more equitable and decentralized network structure, which is less prone to manipulation or control by any single entity.
Enables Direct Asset Swaps: Unlike many DeFi platforms that require intermediary tokens for swaps, ThorChain enables direct trading between different assets, simplifying the user experience and reducing transaction costs.
Community-Driven Development: ThorChain follows a community-driven approach to development and governance, allowing token holders and participants to have a say in the future direction of the project.
Focus on Transparency and Trust: The project emphasizes transparency and trust, with open-source code and clear communication channels, fostering a strong and engaged community.
Continuous Growth and Expansion: ThorChain is continually evolving, with plans to integrate more blockchains and expand its feature set, demonstrating a commitment to growing and enhancing the DeFi ecosystem.
ThorChain's RUNE project stands as a testament to the possibilities of cross-chain liquidity and decentralized finance, showing how innovative blockchain technology can break down barriers and create a more interconnected and efficient financial system.
RUNE 2023 - BTC 2019 (COMPARISON) part 1RUNE 2023 - BTC 2019 (COMPARISON) part 1
you can clearly see what im doing here, hard to tell where horizontal price levels (unfortunately) are as rune has exaggerated pumps compared to btc.. but the basic shape is there.
momentum shapes are the same, thats good. if this fractal is true its one more leg to go then its cool off for the whole market.
gl
🚨THORChain(RUNE) Can Drop more than ➖50%🚨🧐Today, I decided to analyze the THORChain(RUNE) project for you. The THORChain(RUNE) has grown more than ➕100% in the last month, but the question is whether the tour will continue to grow or not .
📚What Is THORChain (RUNE)❗️❓
THORChain is a decentralized liquidity protocol that allows users to easily exchange cryptocurrency assets across a range of networks including Bitcoin and Ethereum without losing full custody of their assets in the process.
🏃♂️The THORChain (RUNE) is currently moving near important Resistance lines and the 🔴 Resistance zone($7.20_$5.80) 🔴.
💡 We can see Regular Divergence(RD-) between two Consecutive Peaks .
💡We can see Hidden Divergence (HD-) between two Main Consecutive Peaks .
🌊According to the theory of Elliott waves , if the THORChain (RUNE) breaks the resistance lines, we can validly consider the recent movement as the beginning of a main impulsive movement, and if the THORChain (RUNE) falls and loses the 🟢 Support zone($3.56_$3.00) 🟢, this upward rally should also be a corrective wave.
🔔I expect that the THORChain (RUNE) needs to be corrected to break the resistance lines and 🔴 Resistance zone($7.20_$5.80) 🔴, this correction could cause the THORChain (RUNE) to lose ➖50% of its value.
❗️⚠️Note⚠️❗️: An important point you should always remember is capital management and lack of greed.
THORChain Analyze (RUNEUSDT), Weekly time frame ⏰.
Do not forget to put Stop loss for your positions (For every position you want to open).
Please follow your strategy; this is just my Idea, and I will gladly see your ideas in this post.
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