THORChain (RUNE) - Renko chart updateTHORChain - Renko chart update
The last support line work pretty well - no RUNE has to break the next resistance line
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RUNEUSD
RUNE/BTC Great Buy - Strong Strength SnapshotFollowers may request a strength snapshot of any cryptocurrency, so like and follow.
1) Strength Profile: Green and very strong.
2) Bull Bear Squeeze: Bulls are well in charge.
3) Money Flow: Is positive and increasing.
For now, RUNE/BTC is a great buy - Strong Strength Snapshot: Strength Profile 🟢 Bulls in Charge 🟢 Money Flow 🟢 I'm going long from 1150 sats.
RUNE/USDT IS REDY TO BOUNCE!!Hi guys, This is CryptoMojo, One of the most active trading view authors and fastest-growing communities.
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Let’s get to the chart!
I have tried my best to bring the best possible outcome in this chart, Do not consider it as financial advice.
Long RUNE/USDT
RUNE is making this ascending triangle pattern
Entry range:-$1.96 to $2
Target:- 50%
SL:- If any candle closes below the lower trendline of the triangle.
This chart is likely to help you in making better trade decisions if it did consider upvoting this chart.
Would also love to know your charts and views in the comment section.
Thank you
#Rune / #USDT : Analysishello? Traders, welcome.
Notes related to this analysis :
- The upward trend of the price has weakened
- The Medline has become resistance !
- The rsi trend may also break
So, if the upward trend of the price breaks down, there is a possibility that the price will reach the bottom of the channel
Rune / BTC Chart :
The price has reached the supply area and is likely to drop further
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THORChain; RUNE/USD Update 📈📉HEY, what's up Guys and Girls?!
📌Since 03 Apr 2022 , that I've posted that analysis for THORChain , it wasn't able to rise more and , then according to my bearish scenario in the case of losing the the lower support zones , it has fell on the demand zone ( more than 85 %💰 (1x-short ))🎯 .
so today ,As you can see on the weekly timeframe for pair of RUNE/USD , it's already trading between a big range (pivot and support zones) and it can fluctuate between this 2 zone in the mid-term , thus as you can see it can continue to fall more upon the lower green zones and then jump from there, or maybe after retesting the FIBO line (0.382) start to rise ,then it can have a pullback to pivot zone , so at there can start to decline again to see lower supports again .
✌️ Good luck with your trading and investing and remember: Trade smart…OR JUST DON’T TRADE!
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👉This analysis is my personal opinion ,not a financial advice ,so do your own research.
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Rune can retrace back by 20%Rune price dropped massively during the recent crypto crash amid inflation, Ukrain-Russia War & CPI report. Rune regained momentum after printing a LL of 1.43. After that point till tomorrow price has increased by 68%. There was a clear cup & handle formation spotted on the chart and major targets are already been met. After the breakout of C&H formation, price has rallied all the way up by 26%.
The price is expected to fall between 1.75-1.65 region as correction. A lot of liquidity is sitting on this region. Keep a close eye on Bitcoin for clear direction. If price pumps above 2.47 then the set-up will be invalidated & we will expect an upward trend.
RUNEUSD Staging a medium-term buyThorchain (RUNEUSD) is on a very strong two-day bullish streak with the RSI breaking above its June 06 high. Last time we posted a trade on RUNE, it was the 1D MA50 (blue trend-line) that helped us identify a confirmed buy:
The token has been trading within a Channel Down pattern ever since its May 18 2021 market top. As you see, on both Lower Lows formations, the buy confirmation came when the price broke above the 1D MA50. A Bull Flag (Channel Down) followed and then a Lower Highs was made. As a result, and with the similarities on all of RSI sequence evident, this rise is most likely the set-up for that 1D MA50 breaks that could lead to a Lower High around the 4.5 Fib extension (8.000).
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RUNE/USD - Major reversal pattern confirmed! Next is $3 🚀Rune has made a perfect reversal pattern:
1️⃣ Inverted Head and Shoulder - reversal pattern in downtrend
2️⃣ Price broke above the neckline - pattern confirmed
3️⃣ Breakout was on increasing volume = high confidence
This puts the price on a clear path to the next resistance at $3.
Then re-assess. For now, the bias is bullish and the trend is clear in my eyes.
Stop-loss under the neckline.
Like and follow if you liked my idea!
RUNEUSD ❕ try of breakoutRUNE is trying to break the boundary of the trading range.
Trading volumes show interest in price growth.
The asset is above large liquidity.
Main MAs are bullish (1H TF)
Price has fixed above the 50MA (4H TF)
RUNE is in the overbought zone of the BB indicator (1H and 4H TFs)
The reversal signal down TD Sequential was ignored (1H TF)
Price is in the overbought zone of the RSI (30m TF)
I think that from the current levels price can test the support level, but it is worth waiting for a fixation above the resistance level before further growth.
$RUNE - A clear bid to Freedom! Price has been moving in a 24% downtrend range since it's breakdown from its $4 support. See my weekly swing analysis for lines drawn in the sand here: -
(Take note of the full Fib retracement since ATHs @ 0.236 red level $4.09 - RESISTANCE)
Standard DEVIATIONS can be seen at the top of the range at 13 & 16 May – there’s also one persistent deviation at the bottom of the range between 26-29 May.
Currently, price seems to be trading in deviation out of the smaller parallel channel you can see on the 45(ish) degree angle – thus reenforcing my bullish weekly swing scenario trend analysis (see link above^)
I project that we see price rejection @ Fib level blue 0.66 – around this level there are three clusters of price action toward the top of the range acting as HEAVY RESISTENCE.
The price action here is accumulating here in a demand zone after falling through its $4 support.
(Use the Googles to search “supply and demand resistance and support” for further information.)
Given we can agree that we are accumulating rather than distributing - it stands to reason that the upcoming movements away from the range are… – up only!
The strategy I would employ requires three layers – or bullets – as I like to call ‘em. Begin layering your position with a bid from @ fib green 0.5 followed by two more bids through to @ fib gold 0.382.
You can see what bid prices I use on the right of the graphic - but choose as you will.
Why three bids? Given how bullish price action is behaving – It’s easy – I would be way too sorry to assume my most greedy bid would be filled! If I snag 1 or 2 hey! At least I’m in.
Long and short of it ( no puns intended ) – My weekly idea for a $7 Runecoin is just warming up.
Get them bids in! or don’t!
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This is not intended as financial advice – educational and entertainment purposes only.
RUNEUSDT - SETUPRUNEUSDT price is formed critical support and trying to honor it by moving around from few sessions. In the meanwhile, price reached very near a falling trendline. Any effort by bulls can break it and create a strong momentum or maybe it will take some more sessions to build momentum.
Long RuneusdtRUNEUSDT is in accumulation phase. Now, it is forming a right shoulder before going up.
Rune has is a very good coin, it should be forming inverse head and shoulder for it to go up.
First target should be double top at 3.9 usdt.
Stoploss: adjust based on ur preferences.
Disclaimer - This analysis alone DOES NOT warrant a buy or sell trade immediately. Before you enter any trade in the financial market, it is very important that you have a proper trading plan and risk management approach.
#THORChain #RUNE without the noise - good entry pointsTHORChain RUNE without the noise - good entry points
These Renko-Charts are great for more calm and clear view - so we see the potential good entry area and the next support if $2.85 breaks.
Do you use Renko-charts dear Crypto Nation?
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 - Weekly swing ideaThis looks like it's in the making for a triple bottom.
Price Action is in ranging in an 82% band since All Time Highs
Price has been rejected at support near the $3 mark twice - this looks like the third bounce.
The FACTS
1. Third time the 3 dollar mark is being tested.
2. On Balance Volume OBV is printing a massive BULLISH DIVERGENCE against the Price Action - see dotted white lines.
3. Relative Strength Index RSI is holding at JAN 22 last printed support level.
4. First major resistance zone is allocated in the red box - confluence found yellow fib level 0.382
5. $3 mark is classed as support.
Conclusion
Spot buys right now are looking irresistible - a buy now with a Stop Loss S/L set pretty tight near range LOW of $2.45 is advised.
Higher resolution analysis is needed for HIGH leverage plays (x5-x20) - hold tight!
The THREE percentage gains marked at FIB LEVELS are PROFIT TAKING situations. Once! and only once profit is taken should you be looking for adding position in due course. DO NOT ADD BLINDLY!!!!!