RUNE/BTC (Bounce at Key Support?)💎Technical Analysis Summary💎
BINANCE: RUNEBTC
-Retesting key support area for the 3rd time
-If this area can hold for a few days
-A chance of trendline resistance is on the line
-From there, it is a decision time to break or fall
-Trading Altcoins these days are highly high risk
-So please plan your idea accordingly
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RUNEUSD
$RUNE Buy Signal with Tweezer bottom! Dips are for buying!!Rune ran up 95% from the double tweezer bottom which also happened to be at our buy signal zone.
Any dip $RUNE puts in is for buying IMO. I dont see her making a new low unless $BTC breaks down hard.
I have bids spread all over the .5 and .618.
Patiently waiting to see what other ALTs signal a buy on the daily from our indicator!
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RUNE/BTC (Test Key Resistance Area)💎Technical Analysis Summary💎
BINANCE: RUNEBTC
-RUNE is trading inside a rising channel which is Bearish
-It is also approaching key level of resistance at 5600 sat area
-If you are looking for potential Sell entries
-Wait for the channel to breakdown because it give a Sell bias
-The downside target could reach the recent Swing Low area
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Not Financial Advice
Please Exercise Risk Management
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Daily descending triangleSeems pretty obvious. Lower highs in the past week, hitting 7 times the support channel between 6450-6750 sats. Volume also stabilized.
Just a matter of time this will fall through support and bounce back. To make another lower low.
Targets between the two red lines.
Not a financial advice. Make your own analyzes.
RUNE THORCHAIN 4H chart AnalysingRUNE or Thorchain made a significant rise today and keeps abve $0.7 for few weeks .
It sarted rising from $0,4 and ade a huge pump.
But i think it will start falling after profit sells . Because trading volume is very losw when compared to other DeFi projects.
Also If a coin cant rise and stays stable between a gap, a huge dump comes after BTC little correction.
It will be nice price for putting short order above $0.9 and take a good profit.
Good luck
RUNE token might be approaching a good entry pointAs we can see on the chart, after an interesting increase in price and upwards momentum, RUNE token seems to be making a correction on its way up.
A retracement to the 0.382 Fibonacci level on the daily chart, a level which acted as support about ten days ago
From a fundamental point of view, I consider Thorchain a good project and now it could be a good entry point.
They're trying to accomplish cross-chain liquidity and they're still in an early phase, so there's still room for improvements.
They also offer an interesting staking program from the get-go.
So consider this opportunity.
RUNE/BTC AnalysisRUNE or ThorChain is one of new coin listedd on Binance and already got pumped before listing .
Some of profit sales were made but still thinking of more profit sales mihgt come soon .
it's price just got pumpet and hits 55k sats and returned fro the resistance.
Considering it's prie just rised up over %22
It's already pumped coin and it's price is likely to fall to 48,5k sats and if 48k sats support breaks,
its next target will be 43k sats .
Good luck and enjoy your day.
RUNE/USD Analysing RUNE or Thorchain was one of fastest rising coin in last week
They puplished mainnet update and it's price made more than 2x just in one week. (from $0,4 to $0,86)
As it seen in the graph, RUNE made ATH and returned from the resistance and likely to fall after profit sales .
Also about 1.000.000 RUNE has been distributed to users who staked their RUNE and soon those coins will be unlocked and sells will start.
Beause daily trading volume is low and it'spossible that traders will sell RUNE and invest in other coins.
It's good to put short order between $0.8- $0,83
It's targets are $0,77, $0,70, $0,59 and $0,53
I expect #RUNE will fall to $0,53 by the end of August.
Good luck