RUNEUSDT.1DBased on the provided market data, the currency RUNE is currently trading at a price of 5.823 USDT.
From a technical standpoint, the 4-hour Relative Strength Index (RSI) is at 77.35, which is typically considered overbought. This could indicate that the market may be due for a correction or pullback. The Moving Average Convergence Divergence (MACD) for the same period is 0.302, suggesting a bullish trend.
On a daily scale, the RSI is at a very high 90.94, which is significantly overbought and could indicate a potential market correction in the near term. The MACD for the daily timeframe is 0.766, which is bullish.
Looking at the Bollinger Bands (Bb), the currency is trading slightly below the upper band in both the 4-hour and daily timeframes, indicating that it is trading near a high range, which could suggest a potential pullback.
In terms of support and resistance levels, the immediate resistance on the 4-hour chart is at 5.849, followed by 6.432 and 6.351. The supports are at 5.153, 4.563, and 4.102. On a daily basis, the resistance levels are at 8.962, 11.900, and 13.700, while the supports are at 3.446, 2.137, and 1.357.
In conclusion, while the currency is in a bullish trend as indicated by the MACD, the high RSI suggests that it is overbought and may be due for a correction. Traders should proceed with caution and consider setting stop losses to protect against potential downturns. This is just an analysis and not a trading advice. Please do your own research before making any investment decisions.
Rune
RUNE - the power of thor (god of market making)RUNE - the power of thor (god of market making)
yeh so RUNE was an absolute beast last run. like FTM. and SOL and a few others.
these beasts did 100x+
naturally i am playing their return pumps.
RUNE also, uniquely, has an interesting real world appeal. a defi system that is able to run independently of central regulation choke points. this is going to be a big deal as regulators and big bankers come into take control of this market. and they will. this token embodies some of the original cyber punk ideals that actually bought some of us in. i understand now its all about the pump but back then most of us loved the idea of crypto smashing the shackles of the everyday person allowing us to p2p money with strong fundamentals by way of solid algo and decentralization.
anyway i do like RUNE . lfg degens
Dont RUNE it! Elliottwave count. If you find this information inspiring/helpful, please consider a boost and follow! Any questions or comments, please leave a comment! Also, check out the links in my signature to get to know me better!
Leaning on this count for now.
A return to 3$ would be Ideal if it turns here.
Cheers!
RUNE about to pump like GAS and CYBERRUNE UPDATE: RUNE created rounding bottom so far and currently facing supply zone…. In short, I’m expecting a healthy pullback to 2.27 and I will long and buy in spot from there but market is so bullish now and nothing is ready to do any correction as they are all holding onto there support….
Anyways, if RUNE did decided to do a little correction or not… What I know is that once RUNE breakout from 3.438 on daily TF and flip it to support…. Nothing can stop it not to see $7
So, keep in watch for a good run up
Follow for more market update
Can chat me up for trading setup
RUNEUSD Testing the 1W MA100. This is how it will reach 5.0000THORChain is rising very aggressively, the same kind it did in early August, naturally turning overbought on the 1D timeframe (RSI = 78.104, MACD = 0.209, ADX = 49.344). In doing so, it reached the 1W MA100 for the first time since May 9th 2022, which is the major Resistance of the new Bull Cycle.
The pattern that seems to be standing out is a Channel Up and the current rise is the new bullish leg to HH. Along those lines, we expect a rejection near the +115% mark and pull back to the 0.382 Fibonacci level, where we will place our new buy. Structurally, the target will again be a +115% rise (TP = 5.000).
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$RUNE will drop in MayBINANCE:RUNEUSDT
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Possible Targets
➡️Touched 10$
➡️Next target 0.5 lvl fib. 12$
➡️After next FRS meeting price can drop to test downtrend line fib on 1D timeframe in MAY 2022
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Disclaimer: Please be aware of the risks involved in trading. This video was made for educational purposes only not for financial Investment Purposes.
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RUNE SHORT SETUPThe RUNE symbol is one of the bullish symbols of the market. But we have signs on the chart that show that the rise of the RUNE symbol seems to be over.
It can go back up to the specified range to collect orders and complete reversal waves. In the specified range, we are looking for confirmation to take sell/short transactions. Until this range is reached, it is risky to enter sell/short positions.
I specified the invalidation level, closing a candle above this level will violate the analysis
For risk management, please don't forget stop loss and capital management
Comment if you have any questions
Thank You
#THORChain #RUNE Long-Term chart analysis#THORChain #RUNE Long-Term chart analysis
According to the chart and the wave counter marked on it, the downward trend of this currency is probably over. And we can expect the beginning of its long-term upward movement. But since there is a possibility that we will have more decline ahead, so three entry steps are suggested at the current price of $1.53, then the price of $0.80 and finally the price of $0.40.
The primary target of the possible rise is the price of $40 by the end of 2025, which has a good risk-to-reward ratio.
The target are:
target1: 40$
target2: 99$
target3: 165$
target4: 380$
STOP LOSS: 0.30$
TIME: 1 YEAR
RUNEUSD Megaphone rebound aiming higher.THORChain (RUNEUSD) is testing the 1D MA50 (blue trend-line) as short-term Resistance after a clear-cut bounce at the bottom of the Megaphone pattern and just above the 1W MA50 (red trend-line). This mobilizes the 1W MA levels to come into focus and justifies a short-term (at least) buy towards 2.5000 (top of Megaphone and expected contact with the 1W MA100 (yellow trend-line)).
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RUNE/USDT Scalp Chart AnalysisCRYPTOCAP:RUNE Technical Analysis
#RUNE is attempting to break past key resistance at $1.70
If this level is cleared, we could see a move towards $2 next
But rejection here would put $1.60 back to the test
Always wait for confirmation before entering any trades!
Let me know your thoughts on #RUNE below.
But remember to trade responsibly, have a plan, and never gamble with money you can't afford to lose. Patience and discipline are keys.
RUNEUSDTBINANCE:RUNEUSDT
I missed the entry point for the short position, but it is possible for the price to return to that point
⚠️Note:
In this type of signals, only the entry point and trade direction are specified, and stop loss and target are not determined.
If you are interested in entering these signals, please provide a stop loss and a logical market-based target.
⛔"Daily crypto market analyses I provide are personal opinions & not financial advice. Trading carries risks, so do your own research & seek advisor's help.#DYOR"
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RUNE/USD - Great Run, Now PullbackRUNE had a great run after its lending mechanism went live.
However, the price has hit a major resistance at $2.2 and it's unlikely the price will push higher at this time.
Momentum indicators are also turning a bit bearish after such a rally. So expect a pullback.
The area at $1.3 looks interesting for buyers.
Bias a bit bearish in the short term.
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RUNE EMA's crossing upThe RUNE EMA's have crossed to the upside indicating that this crypto could be reversing its trend from down to up. If this is the case, it will have more upside left.
While it has moved quite a bit, the strength it has shown during this last crypto down move is encouraging. RSI is also showing strength and we have a nice slope up on MACD.
There is no telling if we will get a pullback or not, but for a longer-term hold, rune looks promising.
RUNE/USDT Crucial Moment. Continue Upward or Broke the Support ?💎 RUNE is on our radar due to its significant movements. Currently, it's hovering in a pivotal zone that previously acted as daily resistance but now serves as support. At present, RUNE is in a retesting phase, with the candlestick patterns indicating several bullish rejections.
💎 This suggests that RUNE might be gearing up for an upward trajectory, possibly targeting the Bearish OB zone. Additionally, there's an FVG Area that RUNE might interact with.
💎 However, if RUNE struggles to maintain its position above this support and breaks below, there's a chance it could descend to the demand zone. Here, it might either exhibit a rejection or initiate a new upward leg. If it continues its downward trend, it might even reach the Strong Demand area.
RUNEUSD Rally far from over.RUNEUSD is trading inside a Channel Up, which after the Golden Cross on the (1d) time frame, is supported firmly by the MA50 (1d).
It has already crossed above Falling Resistance (1) of the Bear Cycle and only one remais (Falling Resistance 2) but of course will take time.
The final barrier before that test is Resistance (1) at 3.1500.
Trading Plan:
1. Buy on the current market price and as long as the MA50 (1d) supports.
Targets:
1. 3.1500 (Resistance 1).
Tips:
1. The RSI (1d) has diverged from the typical drop straight to 30.00 after being overbought above 70.00. This consolidation is a formation seen during impressive past rallies for RUNE.
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RUNEUSDT - Buy SetupRUNEUSDT (1D Chart) Technical analysis
RUNEUSDT (1D Chart) Currently trading at $1.959
Buy level: Above $1.95
Stop loss: Below $1.55
TP1: $2.2
TP2: $3
TP3: $4
TP4: $5
Max Leverage 2x
Always keep Stop loss
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RUNEUSD Close to making a new 12 month High!THORChain / RUNEUSD is testing yet again Resistance A (1.97500), after after 3 failed attempts to cross over it in the past 6 weeks.
That would favor a bearish move if at the same time the 1week MA50 didn't hold being the Support.
If it closes the week over Resistance A, it will the signal to buy and target 3.5000 (1week MA200). That will be inside the 0.5-0.382 Fibonacci range, a hot zone for the market as it was the long term Support turned to Resistance during the Bear Market.
Expect consolidation inside this range and then another run to 5.000 as the 1week MACD is marginally over the 0 mark, meaning that there is still considerable upside to it.
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RUNE Cup and Handle target 2.52h time frame
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RUNE is creating a potential cup and handle srtucture, also in the phase of continuation structure, which pumping wave is 0.905 ~ 2.028. Critical resistance is obvious at 1.973, if RUNE can break above it then we can have higher target based on the cup and handle structure.
TP: 2.493~2.665
SL: 1.414