Get started

Rune

RUNEUSDT.4HBased on the provided market data for the RUNE/USDT pair, we can observe the following: In the short term (4-hour timeframe), the Relative Strength Index (RSI) is at 41.18, indicating that the market is neither overbought nor oversold. The Moving Average Convergence Divergence (MACD) is at -0.079, suggesting a bearish trend. The Bollinger Bands (BB) midpoint is at 5.75, and the current price is below this, indicating that the pair is on a downtrend. The immediate supports are at 5.200, 4.797, and 4.533, while the resistances are at 5.752, 6.545, and 6.682. In the medium term (1-day timeframe), the RSI is slightly higher at 44.06, and the MACD is at -0.068, both suggesting a bearish trend. The BB midpoint is at 6.056, and the current price is below this, reinforcing the downtrend. The immediate supports are at 5.108, 4.600, and 4.200, while the resistances are at 6.525, 7.350, and 8.700. In the long term (7-day timeframe), the RSI is significantly higher at 74.41, indicating an overbought market and a potential reversal. The MACD is positive at 1.255, suggesting a bullish trend. However, the BB midpoint is at 7.459, considerably above the current price, suggesting an overall downtrend. The immediate supports are at 3.517, 2.243, and 1.433, while the resistances are at 6.685, 7.0, and the third one is not defined. In conclusion, the market data suggests an overall bearish trend for the RUNE/USDT pair in the short to medium term, with potential for a reversal in the long term as indicated by the overbought RSI. However, it's important to take into account other market factors and news that might affect the price. Also, it's advisable to use other technical indicators for a more comprehensive analysis and to confirm these signals. This is just an analysis and not financial advice. Always do your own research before making any trading decisions.
by MarsSignals
RUNE channelization analysisThis is an analysis based on channelization. Remember that most of the time everything is reflected in the chart and you should look for signs. We have had a diagonal channel that the price has faked out twice, which shows selling pressure. We have also had a dynamic support that has been broken and the price has not been able to recover it. Now all buyers will become sellers and RUNE will experience a lot of selling pressure. The bottom channel is the adjacent channel. I specified the targets.
Short
by behdark
RUNE USDT: SOLD ALL OF MY RUNE... I sold my first 50% on my previous chart that I failed to gauge the right top. Now, here I am again thinking that this will be the top. Relatively it is. More on sentiment reasons. I will not explain further, since the explanation are very much the same with the previous chart I did. Here it will be just a bit more detailed and applied with sentiment. SOLD 6.9 I just find it funny, and related to the fibs. Tried to drag it further while still respecting the levels. Thank you. PS: I added Trend line. I will short accordingly.
Short
by osodatsismoso
RUNE USDT the journey of getting back-in.I would love to see RUNE go back in these FIB levels. (These fib levels are mine do not get confused or do not chat the proper way of using fib. Because I do not give a single damn about what you are about to tell me, unless you will take time to improve it and share to me then I will be willing to learn) As I'm analyzing this chart, I see several signals that hint at why a pullback to the 0.886 or 0.84 Fibonacci level is plausible. First, the Fibonacci tool is crucial in my analysis—it provides a roadmap of where prices might find support or resistance. These particular levels are known to act as a magnet for price after a significant move, indicating a natural retracement. The Heikin Ashi candles, with their smoothed presentation, show a trend losing its momentum, and that's my first clue that a retracement might be on the horizon. Then, I look at the moving averages: the 20, 50, and 200-period MAs. Prices tend to gravitate back to these lines, especially after a prolonged move away from them—it's like an elastic band snapping back. Now, the Stoch RSI Divergence is especially telling. It's been in the overbought territory with 'R' signals flashing. This suggests that the market's energy is waning, and a reset is due—a dip to lower levels where the market has previously found equilibrium. It's a cycle I've seen repeatedly: a burst of activity, overextension, and then a return to a level that the market perceives as more balanced. The Smart Money Concepts indicator aligns with this. It suggests that the institutional money, the 'smart money', may be taking profits or repositioning. These players have significant influence, and their actions can signal a forthcoming change in direction. Combining these signals, I can infer that there's a confluence of factors suggesting a retracement. It's like the market has sprinted up a hill and now needs to catch its breath before deciding on the next move. The 0.886 or 0.84 Fibonacci levels are where I expect the market to find a foothold—if it aligns with the 'smart money' and the Stoch RSI reset, then that's where I'd anticipate a potential rebound or consolidation. It's all about reading the market's language through these indicators, and right now, they're speaking the language of a reset.
Short
by osodatsismoso
3