RUNEUSD
RUNEUSDT, Its time to take decision ...Hello everybody
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Its amazing project but ...
According to the chart and previous serial analysis we shown on chart that the price was moving in downward trend and until its not get out of this downward trend the price can reach to the lower price and now at this time we impact to the resistance zone and the key point level if the price can break this zone and pullback to it and continue it movement the price can temporary move in upward trend and the target that we shown on chart is on our way but if the price can not break this resistance level the price can drop to re-test again the support zone and if its not support in there it can drop more .
Previous analysis :
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Abtin
GREATEST BUYING OPPORTUNITY FOR THORCHAIN! - $RUNE ANALYSISChart above us is what we call a Fifth Wave Extension Impulsive move.
Basically a fifth wave extension impulse move has the fifth wave to be the longest of the 3 impulsive moves to the upside and wave 3 to not be the shortest, which leaves us with wave 1 being the shortes of the three
At the End of a Fith wave extension move, Price usually retraces the entire move, i.e from the start of the fifth wave to the end of it, which means we can expect a 100% retracement.
However, it also says that Wave 5 always retraces 61.8% which RUNE hasnt done so far and would have us our first buy orders at the 61.8 region before even dreaming of a bottom (tho i bought some at support on the dip)
We can place orders at the 0.764 fib support region as there was a lot of volume traded there, and should hold as support and as a worst case scenario as seen below
Note that in a fifth wave extension, it is very important that there is no overlapping.
Should note also charts like this are a reason I'm still bearish on Bitcoin.
check out the Bitcoin analysis below.
If you agree, pls leave a like and share your thoughts in the comments.
Feedback is always appreciated.
ELLIOTT WAVES and REAL CHART RUNE ANALYSISElliott Wave Theory Interpretation
The Elliott Wave Theory is interpreted as follows:
Five waves move in the direction of the main trend, followed by three waves in a correction (totaling a 5-3 move). This 5-3 move then becomes two subdivisions of the next higher wave move.
The underlying 5-3 pattern remains constant, though the time span of each wave may vary.
Let's have a look at the following chart made up of eight waves (five net up and three net down) labeled 1, 2, 3, 4, 5, A, B, and C.
Waves 1, 2, 3, 4 and 5 form an impulse, and waves A, B and C form a correction. The five-wave impulse, in turn, forms wave 1 at the next-largest degree, and the three-wave correction forms wave 2 at the next-largest degree.
The corrective wave normally has three distinct price movements – two in the direction of the main correction (A and C) and one against it (B). Waves 2 and 4 in the above picture are corrections. These waves typically have the following structure:
Wave Degrees
Elliott identified nine degrees of waves, which he labeled as follows, from largest to smallest:
[
*]Grand Super Cycle
Super Cycle
Cycle
Primary
Intermediate
Minor
Minute
Minuette
Sub-Minuette
RUNE LONGRUNE/USDT
RUNE/BTC
Very bullish Technically as well as fundamentally ( Doge chain and Cosmos Chain ) Soon Live on Thorchain Stagenet.
Mainnet Launch Next month.
Inverse H and S at RSI on RUNE/BTC PAIR
Breakout of Resistance
CUP AND HANDLE PATTERN on RUNE/BTC PAIR
Expecting 40~50% pump this or next week.
Double Bottom Sketch Could be form as well.
EMA CROSS AND GOLDEN CROSS INCOMING which changes the trend as well.
X1 is easily possible.
HAVEFUN
RUNE is on a breakout setup!!!THIS ANALYSIS IS TOTALLY DEPENDS ON BTC MARKET MOVEMENT. BECAUSE NOW BTC IS IN A DANGEROUS SITUATION.
Rune breaks its downtrend wedge and now it is on a triangle pattern.
There is a rounded bottom pattern and a cup and handle also.
50 and 200 EMA s made a GOLDEN CROSS already.
Wait for a retest to be safe trading.
Mainly supports on Demand Zone at 6$ -7$
Wait to long it after the TRIANGLE BREAKOUT CONFIRMATION in the short-term ...
For the long term, you can buy it here for targets at 8$, 9.25$ , 10$, 13$.....
RUNEHello everyone...
Potential and good currency with an attractive foundation
In the weekly time frame, the candlestick has created a cover
I do not think now is the time to buy
We should let this currency test the $ 6.2 price again
Because it grew very fast and did not allow people to trade ...
Do the shopping step by step. This currency is not something that will disappoint you in the long run ...
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If you have any questions, you can write it in comments below, and I will answer them
And please don't forget to support this idea with your like and follow, thank you...
THORChain (RUNE) is a clear "WAIT" at the momentTHORChain (RUNE) is a clear "WAIT" at the moment...
... volume resistance has to be broken
... more volume for breakout needed
... breakout on OBV needed
What do you think? 😎
Drop me a nice comment if you'd like me to analyze any other cryptocurrency or do another comparison.
*not financial advice
do your own research before investing
Rune back to $9!I do like Rune at the moment, it seems to be lagging compared to other coins but I still see that it’s got an inefficiency to fill at 9.24.
I think we do fill this soon, I have bought some on spot with the intention of offloading the majority once we hit that level.
Still a potential 26% gain to be had here! Invalidation would be closing the daily under 7.26-7.28. In which case I’d be looking to buy back at a lower level.
ThorChain / Rune to $40 by Q1 2022Everything about this chart looks pretty good. a series of higher low accumulation points since the bounced lows in July.
First aim would be to take out the highs it got rejected from at the start of November around $16.5, generally 3rd tap of resistance leads to expansion, so a move up to this area I would expect an extended move beyond.
Looking pretty strong fundamentally at the moment, and hasn't been on a run for a while - anticipating this to start making a move at some point soon.
Target is pretty aggressive, but in crypto I don't think it's unreasonable.
RUNEUSDT Very BullishRUNEUSDT will be very bullish during the next month and exactly on 25th of December - MARRY CHRISTMAS from now.
The main reason is because Thorchain will launch its mainnet on 25-dec. it is already 50% lower than its ATH, and the current price has been PC for several weeks. strong trendline and fundamental comes together to reach a new ATH.
I just got into it and accumulate more from now partially.
NFA
DYOR
KEEP calm and Marry Christmas
rune THORChain#1
rune neowave analysis
rune update . you can see previous analysis
PULLBACK on support zone ,good for entry
RUNE to outpace BTC by 6xLooking at RUNE/BTC on the daily we can see that since launch, RUNE has been steadily outpacing BTC through several upswings followed by minor correction and accumulation phases. These accumulation phases have lasted between ~100 and 150 days, the last three of which had RSI similar values before the next euphoric upswing. Today, RUNE sits at a similar RSI value and is around 140 days into its current accumulation phase and the MACD is turning bullish.
RUNE is poised to explode! Judging by its fairly consistent previous rallies, this baby can do an 6x multiplier against BTC in the next months!
THORChain (RUNEUSD) decision is nearTHORChain now has to decide either it goes up or down - sideways less possible.
Support by bullish divergence on 4 hourly RSI and possible break-out conformation on OBV.
If the green trendline on price chart breaks... well, its beginning was 20.07.2021 - so important IMO.
*no financial advice
do your own research before investing