RUNE channelization analysisThis is an analysis based on channelization.
Remember that most of the time everything is reflected in the chart and you should look for signs.
We have had a diagonal channel that the price has faked out twice, which shows selling pressure.
We have also had a dynamic support that has been broken and the price has not been able to recover it.
Now all buyers will become sellers and RUNE will experience a lot of selling pressure.
The bottom channel is the adjacent channel.
I specified the targets.
RUNEUSDT
RUNE FIRST ZONE HIT, ABOVE THERE ARE TWO MORE ZONESI will post below where I set the zones earlier, and the first one was hit. The day has not closed yet, so you should be careful. Keeping the price below 6.5$ is a success for this trade
POC from 1. July-13.MAY.
From the other levels we have, it is weekly $7.9, VAH of the same range and full liquidity at 11.6
It is up to you which zone you choose, and how you enter the trade
RUNE USDT: SOLD ALL OF MY RUNE... I sold my first 50% on my previous chart that I failed to gauge the right top.
Now, here I am again thinking that this will be the top. Relatively it is. More on sentiment reasons. I will not explain further, since the explanation are very much the same with the previous chart I did. Here it will be just a bit more detailed and applied with sentiment.
SOLD 6.9 I just find it funny, and related to the fibs. Tried to drag it further while still respecting the levels. Thank you. PS: I added Trend line. I will short accordingly.
RUNE TAKE PROFIT OR QUICK SHORT An explosion that needs to end. I said that I'm still optimistic about this coin, but profit has to be taken somewhere.
Important levels marked, it's up to you how you will enter/exit.
Divergences are slowly showing, but I am of the opinion that we can go even higher for that liquidity
RUNE 3Omins inefficiency RUNE created inefficiency under the 30mins bearish OB and the liquidity need to be grab before our previous long triggered
Good to short from the unmitigated bearish above to 1hr bullish below where our entry point for long is.... Manage your risk and always take profit
Follow for more market update and trade setup
RUNE (the strong bull)RUNE / USDT
One of strongest coin in this bull wave of altcoins
Rune just made 3 consecutive breakouts one after the other
The last breakout (trendline) is the most important one
As long as it hold above major trendline in weekly basis it can push easily to 10$ or higher in short term
Not a financial advice
Retrace? or party RUIN'd Elliott Wave
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RUNE update.
Rejected from area identified.
Bounced, a bit, off the precise price level identified.
Is it going to hold, though?
Here's the #Elliottwave patterns I am watching and corresponding levels.
here-4.50 ideal.
Below 4.00 🤨
RUNEUSDT.1DBased on the provided market data, the currency RUNE is currently trading at a price of 5.823 USDT.
From a technical standpoint, the 4-hour Relative Strength Index (RSI) is at 77.35, which is typically considered overbought. This could indicate that the market may be due for a correction or pullback. The Moving Average Convergence Divergence (MACD) for the same period is 0.302, suggesting a bullish trend.
On a daily scale, the RSI is at a very high 90.94, which is significantly overbought and could indicate a potential market correction in the near term. The MACD for the daily timeframe is 0.766, which is bullish.
Looking at the Bollinger Bands (Bb), the currency is trading slightly below the upper band in both the 4-hour and daily timeframes, indicating that it is trading near a high range, which could suggest a potential pullback.
In terms of support and resistance levels, the immediate resistance on the 4-hour chart is at 5.849, followed by 6.432 and 6.351. The supports are at 5.153, 4.563, and 4.102. On a daily basis, the resistance levels are at 8.962, 11.900, and 13.700, while the supports are at 3.446, 2.137, and 1.357.
In conclusion, while the currency is in a bullish trend as indicated by the MACD, the high RSI suggests that it is overbought and may be due for a correction. Traders should proceed with caution and consider setting stop losses to protect against potential downturns. This is just an analysis and not a trading advice. Please do your own research before making any investment decisions.
RUNE SCALP SHORT, STILL BULISH FOR LONGin the analysis below I have shown two scenarios that I see (the link will be in the description) rejection from 2.2 or continuation of filling all levels up to 3.35.
Since the second scenario happened, I expect a slight cooling to at least 2.7, and if it is risky to short the upward trend, Daily divergence on RSI is displayed and at 4H it is already taking place.
I remain bullish on this coin, but I will certainly try to hedge position
RUNE - the power of thor (god of market making)RUNE - the power of thor (god of market making)
yeh so RUNE was an absolute beast last run. like FTM. and SOL and a few others.
these beasts did 100x+
naturally i am playing their return pumps.
RUNE also, uniquely, has an interesting real world appeal. a defi system that is able to run independently of central regulation choke points. this is going to be a big deal as regulators and big bankers come into take control of this market. and they will. this token embodies some of the original cyber punk ideals that actually bought some of us in. i understand now its all about the pump but back then most of us loved the idea of crypto smashing the shackles of the everyday person allowing us to p2p money with strong fundamentals by way of solid algo and decentralization.
anyway i do like RUNE . lfg degens