RUNEUSDT
RUNE/USDT Wyckoff chart playing out to the downsideYet another simple analysis on what I can see playing out. please like my post if you enjoyed this post and to show your support :)
RUNE /USDT / RUNE /USD Wyckoff chart pattern playing nicely on the Daily. Currently at the SOW(sign of weakness).
Price could dump from here to the next demand zone between $1- $0.76(cents) and ultimately finishing at $0.36(Cents) - could be a perfect short opportunity.
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#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/USDT: GREAT POTENTIAL.RUNE/USDT:
Okay, my first altcoin on the list is RUNE. If the market is in the favor of the bulls then we can expect some good rally on RUNE. RUNE has its mainnet release on 31st May 2022 and has great potential.
Entry level: $2.9 to $3.1
(Note: Enter only when it bounces back or breakout & retests).
Stop Loss: $2.74.
Targets: $3.4, $3.7, & $4.
Do not FOMO. Wait for the confirmation to enter this trade. I am not entering now. RUNE has the potential to rally if the market is in the bull's favor.
$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 $2.45 is advised.
Higher resolution analysis is needed for HIGH leverage plays (x5-x20) - hold tight!
The THREE percentage gains marked at FIB LEVELS are PROFIT TAKING situations. Once! and only once profit is taken should you be looking for adding position in due course. DO NOT ADD BLINDLY!!!!!
RUNE LONG[SHOT] 📈$RUNE look like it's behaving in a ranging pattern (like most of the crypto market right now)
However this pattern i've found on RUNE looks very clean for a long-shot.
The FACTS
1. Price action is moving in a 27% range bound since breakdown and restest*** - see fib levels.
2. Price is reaching the very bottom of the 27% price range.
3. Price has respected a very clean yellow trendline from the highs of $3.83 all the way down to current price of $2.8
4. There are two heavy order block resistance points printed at July 21 and Feb 22 - see red box labeled RESISTANCE)
Confluence of Indicators
Foreword
A break on the upside of the yellow trendline would open the line for a long position. I would only shoot for a long once this trendline IS broken with conviction henceforth spying for a RETEST in order to open the LONG. I would be looking for a 20% move to the upside before closing the trade with a relatively tight stop loss in place.
1. A break of conviction above the green dotted line at 2.9 would signal long options. i would like to see price hike over $3-$3.10 and then look to buy long spots at $2.9
2. Red box of Resistance confluences with fib level blue 0.66 and fib level yellow 0.618. - this is one of the golden indicators i use for spotting reversals. - here is where i close the trade.
3. BULLISH DIVERGENCE spotted with dashed yellow lines on OBV AND RSI - powerful indictor of reversal.
4. Price is still respecting the 27% bound range and MAY*** have finished its testing of the lows.
Conclusion
Potential for a clean 20% upmove with a nice 5R risk to reward (a 4% stop loss) is more than on the cards.
Have to see a clean convicted break of yellow trednline!
THORCAIN(RUNE)-USDTGreetings,
The price is moving in a downward channel (logarithmic chart), the price is at its lower boundary. Right now the price is squeezed between $3 and $4.
If the $3 zone is held and the general background of the cryptocurrency industry is positive (bitcoin price), there is a probability that the price will return to the channel resistance in the area of $8-10. With negative developments for the crypto market, the channel is likely to break down with targets of 0.75-1. Repeating the movement of bitcoin during the last month.
short - price consolidation below $3
long - price consolidation above $4.
trading in the range of $3-$4.
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Always use STOP, and do not use trading leverage greater than x3.
A trader must always have tomorrow.
RUNEUSDTHello Crypto Lovers,
Mars Signals team wishes you high profits.
This is a one-day-time frame analysis for RUNEUSDT
As we had predicted in our last analysis on May 1, the price had more fall and you see that this happened truly here. Therefore, we had a decline in price from $6.2 thousand to the present amount which is $2.7 thousand. At this chart, you see that the price is in a support area and it is fluctuating over our first support line. We believe it will move upward to the joint point which is formed by the first and second resistance lines and then if it is able to fluctuate over the first resistance line, the the price will face more rise.
Warning: This is just a suggestion and we do not guarantee profits. We advise you to analyze the chart before opening any positions.
Wish you luck
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, Rising wedge Pattern about to get activated in 1 hour!!According to the chart, I think that there is a major pullback coming in 1H TF.
Of course, it will not directly go down, will take time and candles.
Not recommended to take short but it's just an idea and practice of my analysis. I hope it works.
NFA, DYOR.
RUNE/USDT (4H) - Midterm Long opportunity ? Hi Traders,
This idea presents Long opportunity for RUNE... which is quite solid project, and form quite different structure from other " S "-coins. :D
In my opinion we are actually forming wave (v) of C or 3 down. so Im waiting for LONG signal on 4H RSI which is currently Konverging.
My Buy zone will be area 5.2 to 3.8 USD.
Sell zone is 6.5 to 7.5 USD.
I will count subwaves on the way down and UP + Update Idea daily.
Do your homework, always trade safe and use stop-loss ;)