RUNEUSD Is preparing a major bullish moveTHORChain (RUNEUSD) has been trading within a Channel Down pattern since the June 13 2022 (weekly) low inside a longer-term Bearish Megaphone since the May 17 (weekly) High. The 1W LMACD is close to forming a Bullish Cross. If completed, the short-term target will be the 1D MA200 (red trend-line). A break above the 1W MA50 will further be a bullish break-out signal, targeting the top (Lower Highs trend-line) of the Bearish Megaphone.
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RUNEUSD
RUNE/USDT - LONG ----- Welcome, dear followers! -----
- Here is my trading methodology. I trade with a normal system and analysis of resistance and support, as well as price reversal patterns.
- For the record, I do not place a stop loss within my trades. So that I only risk 1.5% of my total capital in order to support the loss due to a price reversal against me.
- If a price reversed against my expectation and touched the drawn line r3, then I transferred targets to the entry point and waited for the price to close at it with a loss equal to almost zero.
- Today's deal is shown in the chart, and here are the entry and exit points below.
-- Support me with numbers and follow up on my account for other deals in the future. Thank you for coming to this part.
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⚡️⚡️ RUNE/USDT ⚡️⚡️
Exchange: Binance Futures
Trade Type: Breakout (Long)
Leverage: Cross (1.0X)
Entry Orders:
1) 1.58 - 100.0% (117.676 USDT)
Take-Profit Orders:
1) 1.691 - 65.0%
2) 1.874 - 20.0%
3) 2.088 - 10.0%
4) 2.741 - 4.999%
Trailing Configuration:
Stop: Breakeven -
Trigger: Target (1)
RUNEUSDforming a rounded bottom here
still in the f zone aka accumulationzone
end of year rally still a thing or nah?
obv breaking downtrend tentatively here
has hardly moved compared to other coins in the crypto market
and tbh looks like multichain still a thing
crosschain swaps still useful?
still way under valuation from when product launched and way down from euphoria cycle 2021
nice structure :)
Rune Has a Good Scalp OpportunityThe resistance here is very strong, if the price closes above 4tf above here, the next resistance could be our target level.
RUNE - 1D bottom of the trading rangeWe have a trading range in the daily chart of Rune coin. A couple of reasons show us the price can rise from this supporting zone.
On the one hand, the price fell from the supply zone to the mid of trading range in seven days, while the second leg took about a month which shows us the weakness of sellers.
On the other hand, it's about ten days that we are at the trading range, and buyers don't let the price cross the demand zone.
So if the trend line breaks, buyers will start to buy more, sellers will join them, and we'll have a bullish trend for at least a few days.
RUNE/USDT - LONG----- Welcome, dear followers! -----
- Here is my trading methodology. I trade with a normal system and analysis of resistance and support, as well as price reversal patterns.
- For the record, I do not place a stop loss within my trades. So that I only risk 1.5% of my total capital in order to support the loss due to a price reversal against me.
- If a price reversed against my expectation and touched the drawn line r3, then I transferred targets to the entry point and waited for the price to close at it with a loss equal to almost zero.
- Today's deal is shown in the chart, and here are the entry and exit points below.
-- Support me with numbers and follow up on my account for other deals in the future. Thank you for coming to this part. --
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RUNE into Wyckoff Acumulation phaseI just started this analysis finding strongest supports in high timeframes such D1 and D3 because bearish trend line makes a perfect 90 degrees triangleand wanted to know a perfect LONG entry near to biggest support in D3 (horizontal blue line). We can easily see in the RUNE chart Wyckoff’s Acumulation Phase Pattern and we can also guess about future Bullish Cup & Handle Pattern will be created in a couple of months maybe in W1 we can get notice about it.
Please wait till RUNE will be little bit near to strongest and biggest support (blue line).
Is RUNE RUINED ?RUNE is showing a ton of bearish signals...
1. Rising Wedge, broken below the bottom and now will drop the height of the rising wedge.
2. Inverse cup and handle - Broken below the brim level... Next target 0.21
3. RSI Bearish - Continues to make lower highs and stay below the 50 (bearish) mark.
4. All Moving Averages are down 7<21<50<200
They are going to need one heck of a catalyst to push this price up. Or the Crypto major winter needs to end soon!
Sorry Rune.
However, all indicators are based on the past and only tell us about probabilities rather than certainties.
Rune to ruin? Elliott Wave Only 2 possibilities after an impulse pattern in EWI Elliott Wave, either a retrace to take out its low or an internal retracement and then trend continuation. In this is situation I am seeing both possibilities, atm so its all on how this retrace plays out. If inspiring/helpful, boost and follow. Cheers!
Rune Ruined? Elliott WaveLooks like it printed a pretty classic correction into resistance before the dump, which is looking like a decent impulsive move down from the AOI of the last chart. Looks like it could be ready for a correction, so I am watching for it to correct in potentially the same way into some resistance before more down. If this helps please boost and follow, Cheers!
RUNEUSD ❕ broke down the liquidity zoneRUNE broke the upward structure.
The asset broke down the uptrend line and the liquidity zone.
The coin has already tested the current resistance level, but there are risks to test it again. I expect that after fixing under resistance, RUNE will continue to decline.
Rune can rise to 3.5Since the 18th of June at 1.5 zone, Rune has started to rise and reached a local high at 3.
A correction followed that transformed into a congesting consolidation and, in fact, a symmetrical triangle.
A break above the resistance of this triangle would give scope to further gains with a measured target at 3.5 which also coincides with horizontal resistance.
Also a buy trade for this coin would have more than 1:2 R:R
Rune Bearish countHave some interesting Elliott Wave price action on this one. Some nice potential impulses to play off of. This would be the bearish variant. Bulls really need to break above and flip 3-3.40. Could be done at this point but there is a potential for one more leg up, before either more sideway or another leg lower. If helpful, like, follow and boost. Cheers.