RUNEUSDTHi guys
The bearish scenario is valid for us as long as we maintain the $6.24 area. In a way, this price zone is our loss limit.
Pay close attention to negative divergences. We have now reached a daily resistance zone.
What do you think?
RUNEUSDT
RUNE Approaching level of interestRUNE is currently in short-term bearish trend. I expect a continuation till the support zone at 4.85/4.95, that also fit with the main trendline. It's possible to see a bounce there targeting 5.2 first and 5.5 next
RUNE Long Opportunity We are seeing a clear picture that Rune in uptrend making Higher-highs and Higher-Lows.
As you can see a break and retest of structure on the 12H Chart. Entered Long here because of that. I could be wrong that's why i am using stop loss 😆😅
RUNEUSDT Bullish Bias(1H Divergence, Long Sentiment, 0.78% Fib)RUNEUSDT price action retraced to 0.78% level with 1H Divergence. Now the open interest/long sentiment is also rising showing price might pull back to making higher highs.
Trade Plan (Bullish Bias)
SL: Previous LL
Entry: Buy Stop previous LH
TP: 1:1 risk and reward
What do you think, will it work?
Disclaimer: Crypto trades are mostly high risk. Always manage your risk decisively.
RUNE/USDT On the Cusp of a Bullish Break from Demand Zone? 👀💎 Paradisers, get set for a lucrative trading moment with #RUNEUSDT, as signs point towards a bullish continuation from a key demand level.
💎 Exploring #thorchain current path, it's encountering resistance at the $6.094 supply level. We're positioned for a bullish turnaround from the demand level of $5.503. Should the price maintain its drive, a strong bullish trajectory is anticipated, setting the stage for another assault on the formidable supply zone.
💎 If the drive behind #RUNE starts to wane, anticipate a bullish resurgence from the established demand at $5.034. The significant liquidity at this level boosts the chances of a bullish push. Yet, a descent below this critical point may signal a shift towards bearish territory.
#RUNE/USDT#RUNE
The price is moving in a descending channel pattern on a 1-day frame
We are about to break the channel upwards and also break the moving average 100
We have buying momentum on the MACD indicator
Entry price is 4.65
The first goal is 4.88
Second goal 5.51
Third goal 6.14
RUNE/USDT Analysis1. Overview:
The RUNE/USDT trading pair represents the exchange between THORChain (RUNE) and the US Dollar (USDT). Currently, there seems to be a potential buying opportunity based on technical analysis and possibly other factors.
2. Technical Analysis:
General Trend:
Identify short, medium, and long-term trends. Use indicators such as moving averages, Relative Strength Index (RSI), and Bollinger Bands to assess the overall market direction.
Potential Buying Zones:
Identify key support levels where the price has historically bounced. Use tools like Fibonacci retracements to determine potential buying zones.
Technical Indicators:
Examine indicators such as Moving Average Convergence Divergence (MACD) for detecting trend reversal or continuation signals.
3. Fundamental Analysis:
News and Events:
Examine recent news and events related to THORChain that could influence the price. Announcements of partnerships, development updates, and industry events can have a significant impact.
Project Fundamentals:
Evaluate the fundamentals of the THORChain project, including its value proposition, development team, adoption, and long-term prospects.
4. Risk Management:
Stop Loss and Take Profit:
Set stop-loss levels to limit losses in case of unfavorable movements. Also, identify take-profit levels based on resistances or predefined targets.
Risk/Reward Ratio:
Ensure that the risk/reward ratio is favorable before entering a position. This means that the potential for gain should outweigh the risk involved.
5. Conclusion:
In conclusion, based on technical and fundamental analysis, there appears to be an interesting buying opportunity on the RUNE/USDT pair. However, it is imperative to closely monitor market movements, implement appropriate risk management, and adjust the strategy based on market developments.
RUNE ANALYSIS🔮 #RUNE Analysis 🚀🚀
💲💲 #RUNE was trading in a Descending Channel Pattern, give a perfect breakout. If this breakout sustains then we will see a bullish move. 📈📈
💸Current Price -- $4.710
📈Target Price -- $6.086
⁉️ What to do?
- We have marked crucial levels in the chart . We can trade according to the chart and make some profits. 🚀💸
🏷Remember, the crypto market is dynamic in nature and changes rapidly, so always use stop loss and take proper knowledge before investments.
#RUNE #Cryptocurrency #Breakout #DYOR
RUNE is going bullish if this scenario happenedfirst thing we need to see move up and break the ressistance of 4.82 $ and we see the first higher high if that happened then apt is goin bollish, first target will be 6.61$
this is my analyse it's not a recomandation to buy or sell !!
Rune- Correction is probably overAfter an impressive 7x rally that began in mid-summer last year and peaked above 7, Rune initiated a correction in December, dropping 50% from its peak.
At this moment, Rune/USDT has reversed from the golden zone of the last leg up and appears poised to continue its upward trajectory.
As long as the 3.5 zone remains intact, I anticipate a retest of at least 7, if not even 10.
RUNE/USDT Downward go to key level or break out the pattern ??💎 RUNE has recently experienced significant developments in the market. There is a possibility that RUNE may continue its downward trajectory and test the Bullish OB area around 3.28, with the potential for a significant bounce after reaching this area.
💎 However, if RUNE manages to break out of the descending channel pattern without hitting the Bullish OB, it could lead to an upward movement, and there is a chance it will probability attempt to break through the Bearish OB area towards our target.
💎 On the other hand, if RUNE fails to show a positive response while at the Bullish OB area and instead consolidates with weak volume, this could be a concerning sign. It may indicate a breakdown of the area, potentially leading to a continued downward movement towards the support area.
💎 The support area is critical, and a bounce from this level is necessary to maintain the potential for an upward movement. If this bounce doesn't occur, the price could continue its bearish trend and move lower.
RUNE - Huge Downtrend Breakout ! THORChain (RUNE) has been entrenched in a substantial downtrend since May 2021, consistently forming lower lows. Recent price action, including a retest of the downtrend line, suggests a potential shift in market dynamics. The expectation is for a retracement to the support zone, coinciding with the 0.5 Fibonacci level, before a potential upward move.
🔄 Prolonged Downtrend Analysis:
The extended duration of the downtrend indicates persistent bearish sentiment in the RUNE market. Lower lows have been a consistent feature, reflecting the dominance of sellers. Each attempt to rally has been met with resistance, leaving a trail of lower highs.
📉 Retesting the Downtrend Line:
The recent retest of the downtrend line signifies an important technical event. The fact that the downtrend line held as resistance suggests its continued relevance. This event highlights the importance of the downtrend line in influencing price movements.
🔍 Anticipating a Reversal:
The expectation of a retracement to the support zone aligns with the broader technical analysis. A move towards the 0.5 Fibonacci level, coinciding with a key support area, could serve as a crucial juncture. The convergence of these factors increases the likelihood of a potential reversal.
📈 Potential Scenarios:
Retracement to Support: A retracement to the support zone, especially the 0.5 Fibonacci level, would align with historical patterns and provide a potential springboard for a bullish reversal.
Confirmation of Support: Traders should closely monitor the price action in the support zone for signs of confirmation. Increased buying interest, reduced selling pressure, and the establishment of higher lows would be positive indicators.
Upside Momentum: A successful bounce off the support zone could signal the beginning of an upward move. Confirmation of a break above the downtrend line and higher highs would strengthen the bullish case.
💡 Trading Strategy:
Traders considering RUNE should exercise caution and await confirmation of a potential reversal. Entering a position at or near the support zone, with a clear risk management strategy in place, can help mitigate potential losses. Stop-loss orders below key support levels are advisable.
🔮 Future Outlook:
While the technical analysis suggests the possibility of a reversal, traders should remain vigilant and adapt their strategies based on real-time market data. The cryptocurrency market is known for its dynamic nature, and unexpected developments can influence price movements. A successful reversal would require sustained buying interest and a break above key resistance levels to validate a new bullish trend in THORChain.
RUNE/USDT BINANCE:RUNEUSDT
Local Long ( Buy stop limit 4.2$)
All targets are indicated on the graph.
- Risk 0.5% on deposit
- R/R 1/2 - 1/4
P.S (This is not an investment recommendation, this is my personal opinion.
runeIt provides us with opportunities to buy, but I find it appropriate to make a safe purchase in the following points
Rune Long Term AnalysisRune (Thorchain) is pulling into my accumulation zone again. Any dips below 3.95 is a buy the dip.
3.95 to 3.57 zone is an accumulation zone. This is a weekly chart so we may be in sideways and down trend a little while before we bounce.
RUNE - God of the pump - PART 2RUNE - God of the pump - PART 2
part 1 (linked) was a 5-6x bagger.
Been under the radar even though it outperformed almost everything. Which means most didn't have a bag initially. Thats good.
"selling your winners and holding your losers is like cutting the flowers and watering the weeds."
Peter Lynch
LFG
RUNEUSDTHello dear friends
Considering the maintenance of the $4.35 support area, we expect price growth.
On the chart for us LL is not formed.
With the consumption of the orange range ($5.9547), we get a confirmation for the uptrend.
What do you think?
The RUNE engine will restart !It looks like RUNE is completing a diametric in wave X format. With the completion of the G wave, we can expect another upward step from RUNE.
We marked the TPs on the chart.
If it returns to the green range, you can enter the buy/long position towards the specified TPs.
Closing a daily candle below the green range will violate the analysis
For risk management, please don't forget stop loss and capital management
When we reach the first target, save some profit and then change the stop to entry
Comment if you have any questions
Thank You
RUNE ANALYSIS🔴 #RUNE Analysis : ❓️❓️
🔮There is a formation of Bullish Pennant Pattern in #RUNE. If the candle closes above the channel then there will be a confirmation of breakout which shows the continuation of bullish trend. We may see a rise in #RUNE📈📈
🔰 Current Price: $5.415
🎯 Target Price: $9.872
⚡️What to do ?
👀Keep an eye on #RUNE price action. We can trade according to the chart and make some profits. Stay tuned for further analysis and stay updated with market sentiments and news.⚡️⚡️
🏷Remember, the crypto market is dynamic in nature and changes rapidly, so always use stop loss and take proper knowledge before investments.
#RUNE #Cryptocurrency #TechnicalAnalysis #DYOR
RUNE Near targetI told you a month ago to wait to buy RUNE lower (or to sell if you use futures) and price is reaching my goal. I will update when i will start to enter long, waiting for a good setup
$RUNE - COSMOS Ecosystem Analysis SeriesI will post a series of longer timeframe technical analysis on Cosmos Ecosystem coins.
Here is the fourth project in my long term buy list: Rune - ThorChain. I will be adding more RUNE on the dips to my buy zones shown on the chart.
Not a lot of people know this but the RUNE token has been developed with the COSMOS SDK and it is an integral part of the Cosmos ecosystem, represents a significant advancement in the world of decentralized finance (DeFi) and cross-chain interoperability. Here are some key facts about the RUNE (ThorChain) project:
Cross-Chain Liquidity Protocol: ThorChain is a decentralized liquidity protocol that allows users to seamlessly exchange assets across different blockchain networks without losing custody of their assets. This is a groundbreaking step towards true cross-chain interoperability in the DeFi space.
Native Token - RUNE: RUNE is the native token of ThorChain and plays a critical role in the ecosystem. It is used for liquidity, governance, security, and rewards within the ThorChain network.
Decentralized and Permissionless: ThorChain operates as a completely decentralized and permissionless network, enabling users worldwide to participate without the need for intermediaries. This aligns with the ethos of blockchain technology, promoting a trustless and open financial system.
Innovative Security Model: ThorChain utilizes a unique security model called "Continuous Liquidity Pools" (CLPs), which incentivize users to supply liquidity and thereby ensure the security and stability of the network.
Yield Farming and Staking Opportunities: RUNE token holders can engage in yield farming and staking, providing them with opportunities to earn rewards while contributing to the network's liquidity and security.
Resilient Against Centralization: ThorChain's design inherently resists centralization, promoting a more equitable and decentralized network structure, which is less prone to manipulation or control by any single entity.
Enables Direct Asset Swaps: Unlike many DeFi platforms that require intermediary tokens for swaps, ThorChain enables direct trading between different assets, simplifying the user experience and reducing transaction costs.
Community-Driven Development: ThorChain follows a community-driven approach to development and governance, allowing token holders and participants to have a say in the future direction of the project.
Focus on Transparency and Trust: The project emphasizes transparency and trust, with open-source code and clear communication channels, fostering a strong and engaged community.
Continuous Growth and Expansion: ThorChain is continually evolving, with plans to integrate more blockchains and expand its feature set, demonstrating a commitment to growing and enhancing the DeFi ecosystem.
ThorChain's RUNE project stands as a testament to the possibilities of cross-chain liquidity and decentralized finance, showing how innovative blockchain technology can break down barriers and create a more interconnected and efficient financial system.
RUNE 2023 - BTC 2019 (COMPARISON) part 1RUNE 2023 - BTC 2019 (COMPARISON) part 1
you can clearly see what im doing here, hard to tell where horizontal price levels (unfortunately) are as rune has exaggerated pumps compared to btc.. but the basic shape is there.
momentum shapes are the same, thats good. if this fractal is true its one more leg to go then its cool off for the whole market.
gl
