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RUNEUSDT

THORChain (RUNE): An outlook on the Higher TimeframeAt BINANCE:RUNEUSDT , we are initially examining the monthly chart because we believe it reveals something very significant and promising. We are potentially in a major Wave 3, which could realistically target at least $34.70. This is a considerably high target, yet feasible for Rune given its performance relative to other cryptocurrencies—it hasn't risen as sharply, suggesting there might be substantial upward potential once it breaks out. We have observed multiple fakeouts around this trendline but have never truly broken above it. This trendline, along with the demand zone highlighted on the monthly chart, will be crucial anchors for our analysis. We do not expect to fall below this demand zone; it forms the basis of our swing or spot bag setup for Rune. The response to recent price dips has been encouragingly positive, indicating resilience. If we see a clear breakout above this trendline and the price successfully consolidates above it, we anticipate significant bullish momentum to follow.
Long
by freeguy_by_wmc
Rune - Elliot Wave playI want to preface this with a couple things. The first, I am biased towards Rune in the fact that I own some for the long term and I believe in the project. The second, I really don't like Elliot Wave in general. I think it's use cases are generally arbitrary at best. That being said, this Elliot wave set up almost seems too obvious not to post. If Rune can get going and hold these $5 levels we should be able to move a lot higher. My initial target is $20 at the moment. While MACD is positive, that's the only real "signal" I give credit to, this support zone will have to nullify the MACD downside crossover and some other indicators to give this pattern a shot. Once this happens, it will be a huge indication of strength, however, that all still needs to play out. If you are worried about this area holding, simply scale in your positions and manage your risk accordingly. Cheers, -TCD
BINANCE:RUNEUSDLong
by ChartDudes
🔄 RUNE Analysis Update 📈🔍📊 Key Insights: Rejection and Retracement: RUNE faced rejection at the top of the range support and has started to retrace. Potential Entry Opportunity: Retracement could offer an entry opportunity at the bottom of the support area. Support Levels: Bottom of the range support identified at around $7.00. Take Profit Targets: Potential take-profit levels at the top of the range support, followed by higher levels. Risk Management: Tight stop loss placement below $6.85 to manage downside risk. 📈 Trade Plan: Entry: Enter into a long spot trade if price tests the bottom of the range support near $7.00. Take Profit: Target take-profit levels at the top of the range support around $8.00. Additional profit targets at $9.30 - $10.00 or $11.25 - $12.00. Stop Loss: Place a tight stop loss just below $6.85 to mitigate potential losses. 📈🔍 Outlook: With a clear entry strategy and identified support levels, RUNE presents an opportunity for traders to capitalize on the retracement within the range. Risk management is crucial given the uncertainty surrounding BTC's price movement. 🚀📊 #RUNE #TradeOpportunity
Long
by Richtv_official
very simpleLooking at the latest data that appeared, we find that it made three bearish waves and followed them with three corrective upward waves... leaving another large bearish wave consisting of five internal waves retesting the bottom from which it rose... and we find that this is a large triple correction on the monthly frame, and this is a very healthy correction. In order for it to gather and rise from the bottom to make another peak in its history, but let us not get ahead of events, as this is a big frame and requires a lot of time to achieve it.. Good luck *In principle, I am not a supporter of any direction, but I am only giving my point of view, which may be right or wrong. If the analysis helps you, then this is for you. If you do not like this analysis, there is no problem. Just ignore it. My goal is to spread the benefit. I am not one of the founders of the currency.
BINANCE:RUNEUSDShort
by KhaldHegazy
1
Rune ! Dump To 14 % ?After touching the $7.15 area three times, we can consider this area weak. If the price breaks and the candle closes below this range, we can expect the following targets: 6.88 6.68 6.45 And exit the trade in the range of 6.17 - 6.10. Things to keep in mind: This is only a technical analysis and there is no guarantee that targets will be achieved. Always do your research and use a proper risk management strategy before trading. The profit and loss of the transaction is for you.
Short
by Crypto-Oracle1
RUNE - Good Potential LONG trade#RUNE/USDT #Analysis Description --------------------------------------------------------------- + RUNE has unmistakably breached the resistance and is currently consolidating within a defined range. + The successful retest of the price reinforces the bullish sentiment, indicating a potential continuation of the upward trend. + With this in mind, I anticipate further price appreciation and am initiating a long trade with a risk allocation of 2% of the capital. --------------------------------------------------------------- VectorAlgo Trade Details ------------------------------ Entry Price: 9.05 Stop Loss: 6.75 ------------------------------ Target 1: 10.5 Target 2: 13.6 Target 3: 16.5 Target 4: 19.6 Target 5: 25.5 Target 6: 31.0 ------------------------------ Timeframe: 1D Capital Risk: 1-2% of trading capital Leverage: 5-10x --------------------------------------------------------------- Enhance, Trade, Grow --------------------------------------------------------------- Feel free to share your thoughts and insights. Don't forget to like and follow us for more trading ideas and discussions. Best Regards, VectorAlgo
Long
by VectorAlgo
Rune will 15x in 2024! Buy this coin immediately.Technical analysis Rune is an extremely bullish coin and will hit a new all-time high relatively soon! It's still a good time to buy this coin and make a very nice 1500% profit this year. Why? As we can see, the coin is breaking out of the descending parallel channel on the weekly chart. Always wait for the rarest, but the retest already happened, so I don't think this coin will go down anymore. You can take the profit early or hold it to my ultimate target, which is a 1.618 FIB extension. Volume is extremely high, we have almost a record, which confirms my idea! Let me know what you think about my analysis, and please hit boost and follow for more ideas. Trading is not hard if you have a good coach! Thank you, and I wish you successful trades. What Makes THORChain Unique? THORChain enables native asset settlement, allowing users to swap Bitcoin, Ether, Stablecoins, and other coins across 9 distinct blockchains. THORChain does not wrap or peg assets, instead it allows value to be exchanged from one coin on one blockchain to another coin on another chain. THORChain uses a unique system to help mitigate the issue of “impermanent losses” — or the often temporary losses that a liquidity provider can experience when contributing to liquidity pools. It achieves this by using a slip-based fee to help ensure liquidity stays where it is needed. THORChain combines a range of novel technologies, including on-way state pegs, a state machine, the Bifröst Signer Module and a TSS protocol to seamlessly facilitate cross-chain token swaps permissionlessly. This is all kept behind the scenes, making the platform accessible to even inexperienced traders. The protocol isn't profit-oriented. All fees generated by the protocol go directly to the participants eg. node operators and liquidity providers, and there are no provisions for the team. Instead, the team is incentivized by simply holding RUNE — just like everyone else. THORChain enables Streaming Swaps which allow large swaps to be broken up into many smaller swaps over time, which significantly reduces swap fees for users. Other than swaps, THORChain offers single-sided liquidity provision through Savers. Users can provide Layer 1 assets such as BTC and earn single-sided yield without impermanent loss. THORChain also hosts a flagship Lending protocol where users can borrow against their native BTC or ETH and receive a USD-denominated debt in the asset of their choosing. The loans have no liquidations, no interest, and no expiration. Let me know what you think about my analysis, and please hit boost and follow for more ideas. Trading is not hard if you have a good coach! Thank you, and I wish you successful trades.
Long
by Xanrox
14
RUNE/USDT bullish reversal from support?👀🚀RUNE Today analysis💎Paradisers, take note as #RUNEUSDT demonstrates a significant uptick in momentum from its support level, positioning it for a potential breach of the $11.508 resistance barrier if the current trend persists. 💎 Historically, #RUNE has experienced a bearish pattern, with a tendency to form lower highs and lows. However, a recent uplift from the $7.264 support level is generating optimism for a bullish reversal, particularly as it continues to leverage this support to possibly navigate beyond the mentioned resistance. 💎 In the event that #RUNE faces challenges in sustaining its drive at the $7.264 support, we are on the lookout for a bullish resurgence from an alternative support level at $6.433. Should it fall beneath this critical juncture, a further decline could be in the cards. It's essential we remain vigilant and ready to adjust our trading approaches in response to the market's movement.
Long
by MyCryptoParadise_Simon
3
THORChain RUNE Price wondering where to turn nextThe RUNEUSDT price does not behave like most altcoins or even BTC. So, we can assume that MM is leading it "where it needs to go." The previous wave of RUNE price growth was also "on its own" - it was driven up without any correction and despite negative news inputs on the market. We don't know whether the same situation will happen again now, but we will be watching the price of THORChain token very closely around $5.25 - If it is fixed higher, then we take the blue scenario as a reference point. - If sales begin and the price does not go above $5.25, then the red scenario will become quite realistic. Frankly speaking, after such a wave of growth as we had in the second half of 2023 (almost uncorrected), it would be nice to see a deeper correction, perhaps even to $2.40 If we don't see this, then the targets for the pump are much higher, and we will need "to jump on board" in time _____________________ Did you like our analysis? Leave a comment, like, and follow to get more
by P_S_trade
4
⚡ RUNE Trade Setup ⚡📊 Analysis: Market Observation: RUNE is experiencing resistance that may convert into support, presenting a potential buying opportunity. Current Situation: The buy zone spans from $6 to $7.4, with a secondary buy zone from $3.2 to $4.2 for further accumulation if prices drop. Strategy: Utilize dollar-cost averaging (DCA) within the specified buy zones, with additional dry powder reserved for potential lower levels, such as $4, in case of a significant sell-off. Entry Points: Initiate buys within the $6 to $7.4 range and consider additional purchases within the $3.2 to $4.2 range. Take Profit: Target profit-taking at the next areas of resistance, aiming for $13 and $20. Stop Losses: Implement a soft stop at a daily close below $5 to manage risk, with a hard stop set at a daily close below $3 to mitigate losses. 🌐 Note: Stay vigilant for confirmation of support conversion and potential upward momentum before entering positions. Adjust the strategy based on market dynamics and consider factors such as trading volume and overall market sentiment.
Long
by Richtv_official
Ascending Apex: RUNE's Breakout Poised to Chart New Heights Trendline Breakout: The central focus is on the cyan trendline that has been capping the price. A close above this trendline would signify a breakout, indicating bullish momentum. We will be watching for a decisive candlestick close above such a resistance trendline as confirmation of strength before initiating a long position. Retest Strategy: A conservative and strategic approach involves waiting for a retest of the breakout level, which was previously resistance and may now turn into support. Entry at a retest offers a favorable risk-to-reward ratio because it allows for a tighter stop-loss just below the retested trendline. 200 EMA and the 50 EMA: The price is currently above both EMAs, suggesting a short-term bullish bias. The EMAs also appear to be providing dynamic support for the price action. Overall Uptrend: The broader perspective shows RUNE in a general uptrend, which is the direction of the path of least resistance. A trend-following trade in an uptrend typically carries a higher probability of success of this trade. Market Sentiment: Staying attuned to overall market sentiment and news specific to RUNE will provide additional context for the trade, as fundamental factors can swiftly impact technical setups. In summary for now we are not doing anything and we will be watching closely where today's Candle will close. The close above the cyan trendline followed by a retest offers a prudent long entry point with a confluence of bullish indicators. Patience in waiting for these conditions to be met could provide a more confident entry with a well-defined risk profile. The current position of price relative to the EMAs and the general uptrend add further weight to the bullish scenario. However, it remains critical to monitor the trade and adjust to any new market information or technical developments. Peace out.
Long
by Lucas_CryptoLab
RUNE IS READY TO REIGNRUNE has some pretty great news in the coming days. They are gonna burn 60 Million RUNE which now has a face value of 360 MILLION DOLLARS. And this is being done as part of their upgrade related to the loan proposal against BITCOIN AND ETHEREUM. People can borrow 50% of the face-value of your assets without paying any interest or getting liquidated against the loan that you borrowed. This is gonna change a lot of things for the THORCHAIN adoption, when you can just park your BTC and get 50% facevalue as loan without paying any interest. Highly BULLISH ON RUNE
Long
by rajamnr175
1
THORCHAIN ANALYSIS - Could RUNE Be In A New Bull Market???As you may be aware, I've been closely monitoring the Top 50 cryptocurrencies recently and have formulated several hypotheses aligning with the Bitcoin pattern, based on strict metrics. However, one particular crypto deviates from this trend, prompting me to investigate further. Despite not fitting the established pattern, the inherent pattern suggests significant upside potential—I've even heard predictions of $180, a figure I find plausible. I believe this crypto is poised for a substantial surge, and while I'm not suggesting a long-term trade idea just yet, I wanted to alert you to my observation. If the bullish momentum continues to build, I intend to consider trading it.
by AriasWave
TOP 50 CRYPTO BREAKDOWN - Where In The Wave D Are We???At our cryptotrading hub, we're all about maximizing profits while minimizing time investment. Hence, I've devised a novel strategy. Why not classify cryptocurrencies according to the progress of their corrective patterns? As one movement concludes, another begins, enabling us to swiftly transition to new crypto trades, rinse, and repeat. This approach capitalizes on a unique opportunity we're currently experiencing. We've barely scratched the surface; there's a whole realm to explore, including gaming coins and potentially other metrics for further filtering based on additional criteria. Let's embark on this journey now.
by AriasWave
5