RUNEUSDT
Potential breakout on Rune After months of accumulation/distribution I think there is a breakout opportunity. I think this is due to the positive sentiment of crypto and the refusal to drop further on the demand levels. I also see the trend forming a pattern that is starting to look like a positive breakout
Thorchain (RUNE) Bottom @ $2.98, 200% gain back to ATH @ $21.09Thorchain (RUNE) Update 19/10/21: Bottom @ $2.98, 200% gain back to ATH @ $21.09.
Rune price targets from the current price level:
127.20% at $26.01 (259% Gain)
161.80% at $32.27 (346% Gain)
261.80% at $50.38 (600% Gain)
423.60% at $79.68 (996% Gain)
Please see previous analysis below. Happy trading :)
Thorchain (RUNE) Bottom @ $2.98 05/10/21: Thorchain (RUNE) Bottom found @ $2.98 on the 20th July, expect 200 MA retest and break above this key level @ $8. We expect RUNE to retest the ATH level over the next few weeks/months. From the 31st March until the crash on May 19th (48 Days), Rune rallied 167% from $7 to $21.27.
Rune is on course to recover to previous Highs experienced during March, April, May as the 13 EMA crossover above the 50 SMA signals strong bullish momentum (Swing Call Script Activated). We have been buying the bottom since the crash for Rune between $3-$7 with long targets back to the ATH @ $21.27, 200% Gain from current price level. This will not be a straightforward push back to the ATH but we can expect 2-3 different push phases.
Rune can be 50$ !!!!if SHS formation occur, in my opinion first point that we go is 12 $ . therefore we should retest 10.5 $ before go to btween 14.5-15 $. one more retest we must do at point 10.5 $ and we directly reach ATH 21 $. Biggiest TP point is ATH ı tihnk Rune can create cup and handle formation. and 14.5-15 $ wiil be deepiest handle point before the big pump at point 40 and 50 $
buy now 7.3
TP1: 11.8 $
TP2: 14.4 $
TP3: 20.8 $
TP 4: 28$
TP5: 32$
TP6:40$
TP7:50$
Two ways for RUNE I only use horizontal lines to determine support and resistance levels. I build my main chart at 4 h. I also use the diagonal trend lines. I am still learning. RUNE movement looks like this to me.
If it breaks the resistance at 9.19, it goes to 10, 13, and up. Or sideways... Risk zone for downtrend - 7.92
RUNEUSDT - Simple Math - Break Triangle, Retest ATH Go to $40Pretty simple you know what I mean, break the pattern, retest old highs, create higher highs, go to the land of the unknown. Not financial advice.
RUNE USDT LONG SWING TRADE | RUNEUSDT | LONG @ 8 - 8.5 | TP @ 9, 9.5, 10, 10.5, 11 | SL @ 7 | PATTERN = LOW POLE REVERSAL |
PNF chart on the hourly shows a trend reversal, LOW POLE REVERSAL
The strategies I use involve a mix of PNF and Renko. My type of trading is strictly swing trading.
Thorchain - RUNE to the MUNEBeen a rough couple months of accumulation for a lot of coins, I think we begin a new cycle and double ATHS going into Nov-Dec.
Not financial advice.
👨🎤🎸 The RUNE, the Rune, the rune is on FIRE 🤘⚔️Professor is in a GOOD mood today.
I know a break-out when I see it and Rune is the next potential break-out.
I am listening to this by the way: www.youtube.com 👨🎤🤘
thorchain.org for fundamentals, if you don't know the project already.
Market Cap at 2,3 Billion can easily reach 5 billion given to what is happening in comparison (ICP at 13 for example...why?)
One Love,
Let's PUMP IT UP party people!
the FXPROFESSOR
RUNEUSDT Channel Formation!RUNEUSDT (1H Chart) Technical analysis
Descending Channel
RUNE/USDT (1H Chart) Currently trading at $8.95
Buy level : Above $ 9.20 (only buy after channel breakout)
Stop loss: I will update once i see the breakout
TP1: $9.45
TP2: $9.90
TP3: $10.20
TP4: $10.90
Max Leverage: 3x
Always Keep Stop loss