RUNE - Trend-Following Setup!Hello everyone, if you like the idea, do not forget to support with a like and follow.
RUNE is overall bullish and now retesting the support so we will be looking for buy setups on lower timeframes.
on H4: RUNE is forming a channel in red but the upper trendline is not valid yet, so we are waiting for a new swing high to form around it to consider it our trigger swing. (projection in purple)
Trigger => Waiting for that swing to form and then buy after a momentum candle close above it (gray zone)
Meanwhile, until the buy is activated, RUNE would be overall bearish can still trade lower.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
RUNEUSD
RUNE USDT LONG SWING TRADE | RUNEUSDT | LONG @ 8 - 8.5 | TP @ 9, 9.5, 10, 10.5, 11 | SL @ 7 | PATTERN = LOW POLE REVERSAL |
PNF chart on the hourly shows a trend reversal, LOW POLE REVERSAL
The strategies I use involve a mix of PNF and Renko. My type of trading is strictly swing trading.
Thorchain - RUNE to the MUNEBeen a rough couple months of accumulation for a lot of coins, I think we begin a new cycle and double ATHS going into Nov-Dec.
Not financial advice.
RUNEUSDT Channel Formation!RUNEUSDT (1H Chart) Technical analysis
Descending Channel
RUNE/USDT (1H Chart) Currently trading at $8.95
Buy level : Above $ 9.20 (only buy after channel breakout)
Stop loss: I will update once i see the breakout
TP1: $9.45
TP2: $9.90
TP3: $10.20
TP4: $10.90
Max Leverage: 3x
Always Keep Stop loss
Bullish rally in RUNE* RUNE is in a steady uptrend respecting the below ascending trend-line as support creating higher-highs and higher-lows forming a expanding channel.
* Every time the price moves to test the lower trend-line (support) it bounces back up creating a new higher-high.
* Currently the price is facing a resistance near $10.8,if it breaks the resistance we can expect a bullish move till $12.5.
RUNE - Ready for Impulse wave 5RUNE has recently bounced from its daily trendline support after doing 50% correction of Impulse wave 3. It has been making Pennant on 4 hour timeframe which was recently broken upward as shown below:
As you can see the opening of pennant has height of ~4.6$, which indicates upward movement of same height. The macro 0.617 Fib also lies around that height along with the height of impulse wave 5 according to impulse wave 1.
Both of these are indicating a strong upward movement up to 0.618 Fib.
#RUNEUSDT 170%+ Potential Rally ahead! Welcome to this quick Update, everyone.
If you are reading my updates for the first time do follow me to get more complex charts in a very simplified way.
I also post altcoin setups on Spot, Margin, and Futures.
RUNE Broke out of the Inverse Head and Shoulders Pattern in HTF.
the price is retesting right now.
The pattern started forming on June 21st, 2021, and broke out on Aug 21st.
60 days of formation broke out a few days back. It couldn't be that weak.
The chart is pointing towards a 170% + rally.
Best entry:- $8.92 to $10.4
Targets:-
$10.96
$12.56
$13.88
$14.11
$15.89
$15.77
$18.26
25% Position you can hold till. $25
Stop Loss:- $8.33
Do your own research before investing.
I put my maximum effort into finding these setups. Please try to put some of yours too, before investing.
What's your thought on this?
Do you think this correction is over?
Do you think RUNE could easily start pumping from this level?
Do hit the like button if you like this setup and share your views in the comment section.
Thank you
#PEACE
Rune , nice R/R tradehello my friends , do not forget to push like for more updates , i introduced Rune at 3-4 $ , i see bright future for rune and i have a big bag of it . layer 1 of layer 1 s , price is in support right now , if it can fix in and above support it will go to orange tps , invalidation will be close below support
RUNEUSDT Look Bearish!RUNEUSDT Technical analysis Update
RUNE/USDT currently trading at $7.00
Triangle Formation
Short level: Below $6.93
Stop loss: $7.38
TP1: $6.74
TP2: $6.61
TP3: $6.41
TP4: $6.10
Max Leverage 3x
Always keep Stop loss
Note: please do your own research before investing. Never invest money that you can't afford to lose.
Thorchain (RUNE) Bottom @ $2.98, 200% gain back to ATHThorchain (RUNE) Bottom found @ $2.98 on the 20th July, expect 200 MA retest and break above this key level @ $8. We expect RUNE to retest the ATH level over the next few weeks/months. From the 31st March until the crash on May 19th (48 Days), Rune rallied 167% from $7 to $21.27.
Rune is on course to recover to previous Highs experienced during March, April, May as the 13 EMA crossover above the 50 SMA signals strong bullish momentum (Swing Call Script Activated). We have been buying the bottom since the crash for Rune between $3-$7 with long targets back to the ATH @ $21.27, 200% Gain from current price level. This will not be a straightforward push back to the ATH but we can expect 2-3 different push phases.