A perfect position is nearing for 2x long Rune.If BTC doesn't fall drastically, we are going to see a good entry point for RUNE/USDT. Just wait for the descending channel to be broken and retest the support, kaboom!!!!! DYOR, NFA.....
RUNEUSDT
RUNE 12h Project Overview and Long-Term Purchase LevelsTHORChain (RUNE) is a decentralized liquidity protocol or, more simply, Defi exchange.
Quite a young project since 2019, but the launch of the main network took place in early 2021.
The cost of the RUNE token should be based on the price of $0.90-1 , exactly this price was before the launch of the main network. And then the RUNEUSDT trading pair grew rapidly to $21
The May correction in the crypto market also affected the value of RUNE, falling by 80% . A lot, but all cryptocurrencies have gone through this. Another question is that not all crypto projects survived after this.
The picture on the RUNEUSDT chart looks pretty positive.
During the entire fall, increased volumes were observed, there are investors who are ready to buy at a lower price.
Given these facts, it is hard to believe that the RUNEUSD price will drop below $4 in the near future, we more believe in a rebound to $8.5
The planned for Q3 2021 mainnet update (DEX cross-chain / ASGARDEX wallet) also adds a positive impact.
However, it is worth keeping in mind an alternative scenario , if the entire crypto market goes significantly lower, then the RUNEUSD price will not hold either. Below $4 per RUNE will open the way for a fall to $1.60.
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RUNE/USDT LIMIT BUY SIGNALSometime this week price might present a very attractive buying opportunity, after/if it pulls back. Right now RUNE is too high to provide a good risk/reward setup.
Rune - Last resistance to breakIf Rune breaks this green line and settles above it we are gonna see 100% move incoming in Rune.
RUNE - $22RUNE is currently trading above the support zone of $5.84. If it can consolidate above this support, we could start seeing a move towards $8.63, $11.23, $13.33, $15.43, $18.41 and $22.22. Failure to hold the support at $5.84 could lead to a drop towards $.39 and $3.01.
RUNE/USDT (1D - Binance) Waiting for good entry point. Hi Traders,
Just quick idea, RUNE sounds like nice project (Fundamentally).
But we can be still far from fair entry price. Depends what will be next move of Bitcoin. (My expectation is 1 more wave down to 25-20K; later 17K possibly).
So Rune could drop to 2 or 1 USD. (My ideal buy zone).
We need more data for much propper EW count. now the waves are overlapping. !! So there are few options to consider.
Let me know whats your opinion with chart ;)
Trade safe, have fun.
RUNEUSDT Bullish From Strong SupportRUNEUSDT Bullish From Strong Support
NOTE: DO YOUR OWN ANALYSIS. DO PROPER RISK AND MONEY MANAGEMENT. SPOT TRADING ONLY.
Buying Above: 10.072
TP: 13.290
SL: 8.679
Eyes On $Rune...Eyes On $Rune...
That is all...
Disclaimer: just ideas, no crystal ball, definitely not advice, DYOR
Thorchain (RUNE) • Is this rune powerful enough to buy?In this video I go through some level mapping using trendlines and take observations on volumes and momentum.
Can this go up? Yes
Is it a good time to buy? Check the video for full reasoning.
Rune UsdtTrading Signal
ENTRY: 8.8-8.5-8.0
Tp: 9.1
Tp: 9.5
Tp: 10.0
Tp: 12.
SL: No need
Mid term trade
RUNEusddecenteralised liquidity aint going away
0 competition in the market rn as far as im aware
sub 10-8$ would be ideal
if btc spits again in june
RUNEUSDT long BreakoutBullish Breakout after correction was busy taking place, came back to breakout level to retest and Price is showing rejection currently
RUNEUSDT Long PositionStrong Resistance at 14.033, if breakout with good volume than it might hit previously ATH.
Weak Supports : 11.8
Moderate Support and Stop loss : 9.5
Entry point 1 : 14.1
Entry point 2 : 11.8
Entry point 3 : 9.570
RUNE is looking bearishHi crypto traders!
I saw many bullish predictions about this crypto and I want to give my point of view. Cryptonary group is pushing for this coin and their future utility but the chart is telling us the opposite. Long term hold looks bullish but you need to buy at a good entry price which it will be around 4-5 usd. Many RUNE holders are sitting on massive profit(based on VWAP), which it is not sustainable for the long term health of the coin.
The price just got rejected at the 34EMA daily which shows profit taking and risk off trading. Don’t be the one holding bags at 50% drops. This coin has pumped enormously (more than 50x). The best idea is to dollar cost average into it to avoid massive loses.
Reminder: DON’T FOMO ! Be the smart person buying low and selling high !
Stay safe!
THORCHAIN / RUNE cup & handle - short term bottom seems to be inRUNE has had a fast recovery since the May 18th Crypto market liquidation event. It has formed a clean cup & handle.
Price target: 15+ within 10 days.
RUNE back above 10$ soonbtd mode on good fundamental coins
potenitally destined for triple figures at somepoint
decentralised liquidity
0 competition in the marketplace
Bitcoin correction will cause a lot of liquidationsRUNE is a brand new asset, it is in a price discovery still. As usual in such conditions, much of the rise can be prescribed to leveraged longs. As new assets usually are extremely Illiquid, we can expect violent and deep crashes on such markets triggered by Bitcoin correction.
RUNE-BTC chart supports this trade.
Have fun.
RUNEUSDT SUPPORTS AND RESISTANCES DURING THE PAST 2 WEEKS (4H F)RUNEUSDT SUPPORTS AND RESISTANCES DURING THE PAST 2 WEEKS (4H FRAME)
RuneUSDT Bullish or Bearish time comes?Rising wedge of Rune showing for us possible of lower but in this market we see a lot of breaking of rising wedge BUT this time is different we have very low BTC.D where we need bounce and make some rejections.
1. Hopefully bids is possible also if we get BTC lower if we didnt hold.
2. BTC.D bounce possiblity
3. Rising Wedge
4. Crossing EMAS what's not good sign.
You have never enough RUNE in portfolioAnother ascending triangle may lead RUNE to 20+ area . Volume is a bit lower but still nice.
RUNE is token of thorchain.org a multichain DEX. The higher liquidity is locked in, the higher price of RUNE.
Not financial advice. Always DYOR. Watch BTC.
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"During times like this when Bitcoin & Ethereum are retracing, look very careful at what alts are showing relative strength. This is where the money is going next." -$trong Gems
