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.
RUNEUSD
$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!!!!!
rune aiming for that 1.19 - 0.3can clearly see a curve on rune . im pretty sure about it going too lower levels once it rejects from 5.28 level. there's alot of liquidity lying around the lower levels for rune.i was pretty sure about it when broke the trendline . theres also alot of gaps in both upper and lower levels so it should definitely follow when btc goes to 19.4
#RUNE/USDT BEST ENTRY GREEN ZONE AND 300% PUMP AND SPOT !Welcome to this quick RUNE/USDT analysis.
I have tried my best to bring the best possible outcome in this chart.
Reason of trade:- RUNE/USDT Flag pattern create and buy the green zone and (SPOT CALL)
Entry:-$2.95,$3.85
Traget:- 290%
Stoploss:- $2.10
Remember:-This is not a piece of financial advice. All investment made by me is at my own risk and I am held responsible for my own profit and losses. So, do your own research before investing in this trade.
Sorry for my English it is not my native language.
Do hit the like button if you like it and share your charts in the comments section.
Thank you...
#RUNE/USDT 2HOUR UPDATE BY CRYPTOSANDERS !!Hello, community members welcome to the RUNE/USDT chart analysis.
I have tried my best to bring the best possible outcome to this chart.
As we can see from the above-mentioned chart that RUNE/USDT broke the triangle pattern and retested well.
According to the current scenario, it can move up by almost 25% from the green zone which is also a support zone.
So, here we can take a long position for some short-term profit gains.
Entry:- CMP AND $6.05
Traget:- 25%
Stoploss:- $5.795
Remember:-This is not a piece of financial advice. All investment made by me is at my own risk and I am held responsible for my own profit and losses. So, do your own research before investing in this trade.
Happy trading.
Sorry for my English it is not my native language.
Do hit the like button if you like it and share your charts in the comments section.
Thank you...
TS ❕ RUNEUSD: support levelRUNE reached the support level bounced off it. I expect a temporary rise to the resistance level.
BUY scenario: long to 6.78.
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Remember, there is no place for luck in trading - only strategy!
Thanks for the likes and comments.
TS ❕ RUNEUSD: bouncedRUNE reached the support level and bounced back. I expect an upward movement with the penetration of the next resistance level.
BUY scenario: long to 7.45.
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Remember, there is no place for luck in trading - only strategy!
Thanks for the likes and comments.