THORChain (RUNE) Sell ZoneTHORChain (RUNE) Sell Zone
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BIAS
Mid-Term : Neutral
Long-Term : Bullish
Risk : High
THORChain is showing short-term weakness, and could easily go for one for retest dive down to our mid-term support zone
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$RUNE/USDT SHORT SETUP
Leverage : x3 - x5
Entry Price : 8.8 - 9.5
TP 1 : 8.31
TP 2 : 7.9
TP 3 : 7.68
TP 4 : 7.36
TP 5 : 7
TP 6 : 6.5
TP 7 : 6.18
TP 8 : 5.835
Stop Loss : 10
*Maximum 3% of Portfolio.
*Unload 12.5% at each TP. Whenever TP 2 hits, Move stop loss to entry.
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RUNEUSDT
$RUNE$RUNE :
Eyeing for the Yellow dot as it exactly did a Bullish Flag pattern (Shown in dotted)
IMO :
It might dip further down to red zones if it fails to break the Yellow dot (0.375lvl)
or
It might break the Yellow dot level to reach further up around the yellow rectangle zone (*minor resistance at $9.2)
or
It might move side ways (as shown in Red dots after reaching the 0.375Lvl)
Happy trading
RUNE potential profitable LONG above 7.900It's a nice and simple chart for $RUNEUSDT
It came as an unexpected drop today for RUNE considering as JASMY and WAVE have been holding and running an uptrend.
However, on the upside, as BITCOIN seems to rally up, if RUNE breaks through 7.900 price mark, we will see a continuation to above ~8,100 levels, and higher.
It is best to watch the 15m chart with a clear view on the 4h as RUNE has good trading volume currently.
$RUNE could be headed to $14, then $75$Rune has been showing huge volume and huge strength lately. On the weekly timeframe we can see an RSI "breakout" of a descending trendline, as well as strong candles in the price action. Upside resistance might show up at $14~ or so which is the downtrend line, then the measured move could take us to around $75. I dont expect to break out of this setup in the first go, some pullbacks are expected.
On a fundamental level, RUNE is solving some of the issues with swapping assets cross-chain which is a huge paint point in crypto currently. Their tokenomics is designed so that as the network grows in TvL (total value locked), upwards price pressure is put on the token.
Not financial advice, do your own research.
RUNE AnalysisRUNE was in multi-month downtrend, and depending on how you would draw the trend line, we saw two breakouts on 4th of Feb and 28th of Feb.
For RUNE to confirm the uptrend, we need to see it breaking above the 7$ mark and remain above 6$
Breaking below the 3$ is breaking market structure, where the next support level will be around 1.5$-2$
Not a financial advice
RUNE in for a leg downI don't follow much RUNE, to be honest I haven't checked many altcoins lately because of this uncertain market influenced by the war, however I've been asked to check RUNE so here we are.
Over the last 13 days RUNE had a gread pump (that explain why it kept popping on my social's feed) but as you can see it has currently bounced on the EMA 200 and has currently retraced a bit, in a zone where as you can see, in the past there was a good amount of trades (check VLPR on the left). Also, there's a noticeable DIV on OBV, it could either be an hidden bullish or a bearish DIV, I'm more inclined to think it's the latter.
On the 4h (I'll add a screenshot in the comments) price has reached a zone with poor liquidity and that's why it wasn't able to breach over EMA 200. Always at this timeframe there's a possible Elliot Wave harmonic pattern in formation with wave 3 ended, which could increase the possibility of a retracement (wave 4).
Right now I would look for a good entry point for a short or, in case I have some, I'd sell mine at profit. If I'm wrong at least you locked your profit.
Good luck
RUNE double bottom #RUNE/USDT
$RUNE shaped double bottom pattern and head up to descending resistance that is around 0.382 fib level of swing down.
🐮 if price break out from descending resistance, it will increase to 2 fib level to complete the double bottom pattern.
🐻 rejection from descending resistance can drop price to support zone around $6.
RUNEUSDTHello Crypto Lovers,
Mars Signals team wishes you high profits.
We are in the daily time frame. The price moved up nicely after hitting the support zone and is now at the resistance zone. If it is rejected from here, it will move down to the support areas and if it is broken, it will move up to the next resistance zone.
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/USDT 65% profit within a week#RUNE/USDT Profit Update:-
$RUNE currently trading at $6.40 and went upto $6.75
As I mentioned in Last post that was Retest zone.
And strong bounced from Retest level.
Now 65% up from our entry.
Congrats for Huge profit 65%
Entry:- $4.10 filled ✅
You cam book profit if you are happy.
And You cam placed stop loss at entry level $4
I am expecting $17 in mid term.
Exit below $3 ( Only for Long term HODLer )
Targets:- $17/$43
Support:- $4/$3
Resistance:- $8/$12/$17
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