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RUNEUSDT

Triangle Breakout Signals Bullish Momentum for RUNEUSDT💎 Since its low in June, #RUNEUSDT has demonstrated impressive strength, boasting a remarkable 140% price surge. This performance places it among the top performers in recent times. Notably, the price journey broke free from a descending channel, catapulting from $1 to the psychological resistance at $2. 💎 Following this substantial upward move, a consolidation phase ensued. During this period, #RUNE established robust support at $1.385, corresponding to the 38.2% Fibonacci retracement level. Within the confines of this consolidation, a triangle pattern took shape. Recently, #RUNE decisively breached the upper boundary of this triangle, signaling a robust bullish sentiment. 💎 Simultaneously, the breakout extended beyond the confines of the previous descending channel. This demonstrated a compelling surge in buying pressure. As a result, it's reasonable to assume that the overall trend remains bullish. According to Elliott Wave theory, there appears to be potential for at least one more upward wave. 💎 Evaluating the factors at play, including the strength of the preceding uptrend, the presence of trendline resistance, and the 161.8% Fibonacci retracement level, we can anticipate #RUNE's next move. There is a high probability of #RUNEUSDT aiming for the $2.434 resistance area in the near future. 💎 Nevertheless, Paradisers, it's essential to remain prepared for potential range-trading and even short-term pullbacks before the uptrend fully resumes. Given the recent pace of growth, any uptrend resumption is likely to be relatively swift.
Long
by MyCryptoParadise
RUNEUSDT → A retest of resistance could break the line BINANCE:RUNEUSDT gives us new prerequisites for further strengthening of the price. Another resistance retest is forming, which can break this zone on the background of local BINANCE:BTCUSD growth Several key elements are marked on the chart. The descending wedge, resistance retest, pre-breakout consolidation - all this can be regarded as a complex signal for a breakout of resistance. On the background of bitcoin's local strengthening, which occurs after breaking out of resistance, this could date a chance for RUNE and in such a case, the price when breaking through the indicated line could head towards 3.04 and give us almost 60% net move. The moving averages formed a strong signal a few days ago, which could be confirmed soon when the price breaks the upper boundary of the range Support levels: 1.722, 1.433 Resistance levels: upper boundary of the wedge, 1.942, 2.015. I expect that on the background of the next retest of the trend resistance the price may break it and start an active phase of strengthening towards 3.040 Regards R. Linda!
Long
by RLinda
13
#RUNE/USDT 1D (ByBit) Descending trendline fakeoutTHOR Chain is about to print an evening star deviation and RSI looks overbought, seems likely to retrace down to 200MA support. ⚡️⚡️ #RUNE/USDT ⚡️⚡️ Exchanges: ByBit USDT Signal Type: Regular (Short) Leverage: Isolated (3.2X) Amount: 5.0% Current Price: 1.649 Entry Targets: 1) 1.727 Take-Profit Targets: 1) 1.292 Stop Targets: 1) 1.945 Published By: @Zblaba CRYPTOCAP:RUNE #RUNEUSDT #ThorChain #DeFi Risk/Reward= 1:2 Expected Profit= +80.6% Possible Loss= -40.4% Estimated Gaintime= 4-6 weeks thorchain.org
Short
by TradingOn
Brief Analysis——RUNEThere was a significant increase in RUNE some time ago, with the price rising from 0.92 to 2, almost doubling. The current price remains fluctuating above 1.4. Let’s make a brief analysis on RUNE today. At the daily level, you can find that RUNE has been volatile after its rise in early August, and the price seems to start a new round of rise at a certain point. However, judging from the signals given by the WTA indicator, whales participated in the initial rise, but gradually decreased during the subsequent fluctuation, until retail investors contributed all participation. This is not a good phenomenon. Continued fluctuation may mean that whales are continuing to take profits and close the position. Switching to the 4h level, we can see that the whales have shown signs of reduction during the previous rise. In the green box, the giant whale seems to disappear all of a sudden. Although the RUNE remain rising, the whale has begun to take profits here. During the subsequent fluctuation, the number of whales was low. What the WTA indicator reflected in the two cycles tells us that the whale has taken profits after raising the price. The rise may be coming to an end. Disclaimer: Nothing in the script constitutes investment advice. The script objectively expounded the market situation and should not be construed as an offer to sell or an invitation to buy any cryptocurrencies. Any decisions made based on the information contained in the script are your sole responsibility. Any investments made or to be made shall be with your independent analyses based on your financial situation and objectives.
Short
by Sypool
RUNE/USDT is Ready For a Potential Correction | RUNE Analysis💎Paradisers, turn your attention to RUNE/USDT. Currently, it's meandering within a falling channel, and we're on high alert for a possible downward breakout in the near future. 💎If this breakout unfolds as we expect, prepare for a swift corrective movement. 💎It's important to highlight the two verified order blocks in the shorter time frame. These zones are probable targets for the THORChain (RUNE), considering the liquidity present there. 💎Reflecting on past trends, we saw a transition from a demand to a supply zone, resulting in a significant price drop and targeting the previous Order Block (OB). 💎In the ever-evolving landscape of crypto, staying vigilant and flexible is essential. Keep those charts refreshed and stay tuned for more updates! 🌴
Short
by MyCryptoParadise_Simon
RUNE: Breakout after BreakoutHello friends! Few days ago I've put BINANCE:RUNEUSDT on my list cause I've seen it to be close to the breakout of the new short-term resistance formed on 1h TF. Interestingly enough, it had just broke out of the long going resistance level two weeks ago, went through the point of BoS (Breaking of structure) (by creating the new higher high after the one that has been under that previous resistance at 1.969) and by this moment it is creating the new Higher Low. Again, interestingly enough, while forming the new lower low it is creating the new zone of interest by creating this new resistance I was talking about and actually breaking through it. At this particular moment, the breakout isn't yet totally confirmed cause it hasn't gone through the new BoS, but this point might be this new higher low. So: If you are risky enough, consider the Entry 1 Zone with the Stop Loss below the previous Low. In case if the Higher Low isn't yet catched, the price can go to the zone of $1.2-1. Consider re-entering at that point. If you don't like the risk - wait until the break of structure will be confirmed and consider Entry 2. First Targets will be within the fulfilling of the wick that led us to the previous BoS. Fulfilling it strongly will most probably lead RUNE to the next zone: $2.9-3.1
Long
by A_I_Vision