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.
RUNEUSDT
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
RUNEUSDT, Its time to take decision ...Hello everybody
We backed with another analysis, one of the most powerful project that is working of LP base and want to solve this problem of Defi.
Its amazing project but ...
According to the chart and previous serial analysis we shown on chart that the price was moving in downward trend and until its not get out of this downward trend the price can reach to the lower price and now at this time we impact to the resistance zone and the key point level if the price can break this zone and pullback to it and continue it movement the price can temporary move in upward trend and the target that we shown on chart is on our way but if the price can not break this resistance level the price can drop to re-test again the support zone and if its not support in there it can drop more .
Previous analysis :
Observe to you capital management and if you need any help send us messages, our team will answer you as soon as possible.
Good Luck
Abtin
GREATEST BUYING OPPORTUNITY FOR THORCHAIN! - $RUNE ANALYSISChart above us is what we call a Fifth Wave Extension Impulsive move.
Basically a fifth wave extension impulse move has the fifth wave to be the longest of the 3 impulsive moves to the upside and wave 3 to not be the shortest, which leaves us with wave 1 being the shortes of the three
At the End of a Fith wave extension move, Price usually retraces the entire move, i.e from the start of the fifth wave to the end of it, which means we can expect a 100% retracement.
However, it also says that Wave 5 always retraces 61.8% which RUNE hasnt done so far and would have us our first buy orders at the 61.8 region before even dreaming of a bottom (tho i bought some at support on the dip)
We can place orders at the 0.764 fib support region as there was a lot of volume traded there, and should hold as support and as a worst case scenario as seen below
Note that in a fifth wave extension, it is very important that there is no overlapping.
Should note also charts like this are a reason I'm still bearish on Bitcoin.
check out the Bitcoin analysis below.
If you agree, pls leave a like and share your thoughts in the comments.
Feedback is always appreciated.
MULTIPLE REJECTION ON RUNEUSDT BEARISH TRENDLINE,SHORT POSITION?Hello CryptoTrading Addict ! Help the Channel Growth by smashing the FOLLOW and LIKES Button, then Share your opinion on the Comment Section below :)
RUNEUSDT is breaking out of bearish channeling . Furthermore, RUNEUSDT are retested the bearish trendline and EMA 34 multiple times. It may indicate a potential bearish movement ahead on RUNEUSDT.
*Now We put all the explaination on the chart* Enjoy!
*DISCLAIMER:
This isn't a recommendation to buy or sell cryptocurrency, only an Outlook from technical perspective.
*FOLLOW FOR MORE CONTENTS AND UPDATES*
RUNE/USDT LongAs we can see, RUNE, like many altcoins, has been consolidating before an accumulation period for a long time. After collecting liquidity the price on the increased volume created a fairly powerful impulse upward movement, after which it rolled back down to the zone of local interest where we are looking to enter. Without breaking the structure, we are still counting on the upward movement.
THORChain (RUNE) Buy ZoneTHORChain (RUNE) Buy Zone
--------------------
BIAS
Mid-Term : Bullish
Risk : Medium
On 4 hours timeframe, THORChain is currently forming a lower time frame bull-flag above its second to local high support of $3.9 zone. The buying pressure and the bullish momentum is extreme, which will very likely break to the upside any second.
--------------------
$RUNE/USDT LONG SETUP
Leverage : x3 - x5
Entry Price : 3.8 - 4.1
TP 1 : 4.26
TP 2 : 4.43
TP 3 : 4.67
TP 4 : 4.95
TP 5 : 5.25
TP 6 : 5.52
TP 7 : 5.85
TP 8 : 6.375
Stop Loss : 3.295
*Maximum 3% of Portfolio.
*Unload 12.5% at each TP. Whenever TP 2 hits, Move stop loss to entry.
--------------------
RUNE Descending Wedge on Watch - Potential Bullish BreakoutWatching for a potential bullish breakout for RUNE on a clearly defined long-term descending wedge. This is not an easy type of trade to take in my opinion because you need to be present during the breakout and observe the price action. You want to be entering on the break when there is volume coming through. If the price breaks out and quickly gets rejected or trades sideways with little volume, then you just sell out at breakeven or a small loss and consider it a dud. The key is to minimize your risk in an attempt to catch a large swing move because a bounce on the weekly timeframe for RUNE is likely coming sooner than later.
If you choose to enter prior to it breaking out I would put the stop at $4.06 which is only a 3.3% loss for a potential 18-20% gain. Understand that probability will likely lean towards getting stopped out in this scenario but the risk to reward is worth it. What we are attempting to do is catch the weekly bounce which could be anywhere between a 20-100% move to the upside.
RUNE/USDT 4 HOURS ANALYSIS Welcome to this quick Update, everyone.
If you are reading my updates for the first time do follow me to get more complex charts in a very simplified way.
I also post altcoin setups on Spot, Margin, and Futures.
I have tried my best to bring the best possible outcome in this chart.
RUNE/USDT broke out the symmetrical triangle and retested it.
Entry: CMP or upside the 21MA
Targets: 30%TO 40%
Stop Loss: $3.67
What's your thought on this?
Do hit the like button if you like this update and share your views in the comment section.
Thank you
#PEACE
RUNE/USDT 4 HOURS ANALYSIS Welcome to this quick Update, everyone.
If you are reading my updates for the first time do follow me to get more complex charts in a very simplified way.
I also post altcoin setups on Spot, Margin, and Futures.
I have tried my best to bring the best possible outcome in this chart.
RUNE/USDT broke out the symmetrical triangle and retested it.
Entry: CMP or upside the 21MA
Targets: 50%TO 60%
Stop Loss: $3.67
What's your thought on this?
Do hit the like button if you like this update and share your views in the comment section.
Thank you
#PEACE
RUNEUSDT - SETUPRUNEUSDT is at a critical support area that got respect previously as well. So if the market recovers itself then we can expect in Rune the first target is to break the trendline with good volume and if succeed then bulls will 8.0 level. Otherwise, the price will drop further towards 2.0 next support.
RUNEUSDT: RISING WEDGE, BEARISH CONTINUATION ON ALTCOINS?Hello Enthusiast Coin Addict! Here's short-term outlook for RUNEUSDT , Support the Channel by smashing the FOLLOW and LIKES Button, then Share your opinion on the Comment Section below :)
*RUNEUSDT is breaking out of the Rising Wedge Pattern
*Breakout of Rising Wedge Pattern could indicate a potential bearish movement in the near future
*MACD indicator already crossed below the zero level area, that signify the potential stronger bearish momentum may remains ahead.
The roadmap will be invalid after exceeding the resistance/target level
*DISCLAIMER:
This isn't a recommendation to buy or sell cryptocurrency, only an Outlook from technical perspective.