THORChain RUNE in healthy correctionTHORChain RUNE in healthy correction after bearish divergence on RSI.
This correction started at FIB golden pocket ($12.13-$12.60) as I proposed 2 weeks ago.
A correction to volume support at $6.37 would be healthy and not concerning for Bulls.
What do you think?
Drop me a nice comment if you'd like me to analyze any other cryptocurrency or do another comparison.
*not financial advice
do your own research before investing
RUNEUSD
RUNEUSDT, 4th target was reached, now we need correctionHello everybody
RUNE is one the most powerful project for solving the LP problem from ...
According to the chart and last analysis that we published all of the zone exactly done its duty and now at this time we are going to make new uptrend and we need more correction to have a nice R/r and then you can take position but check the chart in lower time frame and check, and take signal after that take position or buy in spot.
Exactly our last analysis was donw and reach to all 4th Target
Previous analysis :
Good Luck
Abtin
⚡RUNE needs to take a breathIn my opinion BINANCE:RUNEUSDT rally needs to take a break. The last 3 day the price was moving up in a rising wedge formation with lowering volume and bearish divergences all across the board. The price just broke the dynamic support and I think it is now headed towards 8.00 - 7.00$ to complete wave (4)
Take profit: between 8.00 - 7.00
!!-- always DYOR and remember about risk management 👌
Update 29/3/22: Thorchain (RUNE) 420% gain back to the ATH Since the 13 Ema crossed up above the 21 sma signalling a strong buy signal on the Daily, Thorchain (RUNE) has gained 250%+ from the Buy Zone @ $3.44 to the current price @ $12.29. Thorchain (RUNE) is now only 71% gain from the ATH @ $21.09.
Our current Thorchain (RUNE) price targets from the current price:
127.20% fibs @ $26.01 (111% Gain)
161.80% fibs @ $32.27 (163% Gain)
261.80% fibs @ $50.38(308% Gain)
423.60% fibs @ $79.61 (545% Gain)
LFG!!!🚀
THORChain (RUNE) with bearish divergence - correction healthyTHORChain (RUNE) with bearish divergence on RSI - correction healthy
A correction to volume support at $6.37 would be healthy and not concerning for Bulls.
At least at FIB golden pocket ($12.13-$12.60) a correction might start.
What do you think?
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 AT DOUBLE TOP RSI AND VOLUME DIVERGENCEWe successfully scalped rune selling zone previous day. Sort at 9.5 and Exist at 8.9 and entry at 9.2 exist at 8.8.
Now two possibility of Rune in few days. One is metaverse and other is short term price falls up to 6.6-6.8.
As you see double top in 4 hours candle. With declining volume and RSI divergence.
One can take a short positions on basis of RSI. In my experience RSI will hit 59.9 then price is around 8.9. So open sort at 8.9 and DCA at 9.3. Stop loss 9.8
Target 1 8.6, Target 2 8.1 and target 3 7.6 Target 4 6.8.
Ultimately Rune will head towards ATH (Weekly Volume is Increasing and All time High).
To do this rune will slowly fall to 6 dollar zone to swap liquidity and create fear. When few peoples are in trade. Then within 2-3 days it will conquer 11 dollar zone.
Don't open new long above 8 dollars. BTC will decline which results in RUNE correction or pullback to 6.6-6.1 dollars.
Parallel Channel will break as in micro frame like 30 minute price showing bounce but with less volume.
RUNE/USDTesting/tracking elliot wave theory. Please do not trade off idea without S/L. Not financial advice.
Link to previous chart:
The chart looks similar to audio chart with a double three corrective wave. Currently we're below the .238 fib levels with a double bottom that played out. A lot of charts are looking similar to these and we're in accumulation zone. Either we resume up for the wave (3) impulse wave or we get another corrective wave. Everything depends on BTC's movement and a triple three corrective wave is still at play (appears more frequently in a bear market). Despite all of the crazy things that has been going on and cryptocurrency is still going strong, I don't think we will see a bear market anytime soon, at least another year up. BTC was at 3k in march 2020 so it's only normal that we pullback a little. 3k to 42k is 14x. 69k to 42k is a healthy 35% pullback. Anyways this is the wrong chart to talk about btc lol happy trading if you're using this chart.
THORChain (RUNE) with confirmed breakoutTHORChain (RUNE) with confirmed breakout of price resistance trendline by daily close above $6.05.
Will this happen today?
What do you think?
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
is RUNE about to Fall?After checked in 30m, 1h and 2h timeframes, i trace some pivote zones that i considere relevant for this analysis.
As we can see in chart, 3rd Elliott's wave already finished but i only focus myself from 5th wave to C Elliott's, also seems in 2h chart that Wyckoff move for complete supply is about to be reached to it creates a triangle which also match with Elliott's and Wyckoff next moves.
Regarding indicators i saw high momentum in squeeze indicator (yellow crosses), no MACD, CRSI divergences even that i saw CRSI above 97 which indicates for now that RUNE is overbought and bearish move is around the corner.
RUNE/USDT Is potential to 10x from here#RUNE/USDT TA Update:-
$RUNE currently trading at $4.20
As per chart this is bullish in mid term.
Parallel Channel resistance already broke out.
And now rested at support level.
I am trying to accumulate at dip.
Long term I am expecting $17 and $43
Strong support is $3.10
If hold this support then it will give huge returns.
Its can give 10x returns in mid term.
Entry:- $3.10-$4.10
Targets:- $17/$43
Stop Loss:- if HTF candle close below $3
RUNEUSD broke above the 1D MA50. Buy signal.RUNE had a great 1D candle yesterday, the strongest since February 2021. As it broke above the 1D MA50 (blue trend-line), a buy signal emerged, as this has been its Resistance since December 01 2021.
Last time the 1D MA50 broke following such a long-term correction, was on July 30 2021. The crossing of the MA50 gave an instant buy signal, with a Bull Flag later forming just after the price hit the 0.5 Fibonacci retracement level and the 1D MA200 (orange trend-line). The eventual High of that bullish sequence was made above the 0.786 Fibonacci retracement level, forming eventually the All Time Highs Resistance. Based on the above, we can expect at least a $12.00 High in Q2 2022.
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