#RUNE/USDT 1D (ByBit) Descending trendline fakeoutTHOR Chain is about to print an evening star deviation and RSI looks overbought, seems likely to retrace down to 200MA support.
⚡️⚡️ #RUNE/USDT ⚡️⚡️
Exchanges: ByBit USDT
Signal Type: Regular (Short)
Leverage: Isolated (3.2X)
Amount: 5.0%
Current Price:
1.649
Entry Targets:
1) 1.727
Take-Profit Targets:
1) 1.292
Stop Targets:
1) 1.945
Published By: @Zblaba
CRYPTOCAP:RUNE #RUNEUSDT #ThorChain #DeFi
Risk/Reward= 1:2
Expected Profit= +80.6%
Possible Loss= -40.4%
Estimated Gaintime= 4-6 weeks
thorchain.org
RUNEUSDT
Brief Analysis——RUNEThere was a significant increase in RUNE some time ago, with the price rising from 0.92 to 2, almost doubling. The current price remains fluctuating above 1.4. Let’s make a brief analysis on RUNE today.
At the daily level, you can find that RUNE has been volatile after its rise in early August, and the price seems to start a new round of rise at a certain point.
However, judging from the signals given by the WTA indicator, whales participated in the initial rise, but gradually decreased during the subsequent fluctuation, until retail investors contributed all participation. This is not a good phenomenon. Continued fluctuation may mean that whales are continuing to take profits and close the position.
Switching to the 4h level, we can see that the whales have shown signs of reduction during the previous rise. In the green box, the giant whale seems to disappear all of a sudden. Although the RUNE remain rising, the whale has begun to take profits here. During the subsequent fluctuation, the number of whales was low.
What the WTA indicator reflected in the two cycles tells us that the whale has taken profits after raising the price. The rise may be coming to an end.
Disclaimer: Nothing in the script constitutes investment advice. The script objectively expounded the market situation and should not be construed as an offer to sell or an invitation to buy any cryptocurrencies.
Any decisions made based on the information contained in the script are your sole responsibility. Any investments made or to be made shall be with your independent analyses based on your financial situation and objectives.
ThorChain - RUNEUSDT.PAs you can see in the chart, we see an insane rise, but I think this rise is now over, I share the analysis in the daily time frame, but I will share the H4-H1 images from it, you can make your own analysis and take action, your priority is to use stop, strong needles can flake your money.
Reversal Pattern, chance to buyChart 4H TF
BINANCE:RUNEUSDT has broken up and gone up to resistance zone around 1.62
Chart 1H TF
It's broken down ascending trend line and trading at 1.58x now.
I figured out some good signals for reversal
- Reversal Pattern: Head Shoulders
- ChOCh at 1.57
- Strong Resistance Zone around 1.6x
- Fake Breakout
So I expect price will down to support zones at 1.56, lower 1.52
Wait and see what happen
THORChain (RUNE) formed Gartley for upto 21.50% pumpHi dear friends, hope you are well and welcome to the new trade setup of THORChain (RUNE) with US Dollar pair.
Previously we I shared a long-term trade setup which produced almost 340% pump as below:
Now on a daily time frame, RUNE has formed a bullish Gartley move for the next pump.
Note: Above idea is for educational purpose only. It is advised to diversify and strictly follow the stop loss, and don't get stuck with trade.
RUNE/USDT is Ready For a Potential Correction | RUNE Analysis💎Paradisers, turn your attention to RUNE/USDT. Currently, it's meandering within a falling channel, and we're on high alert for a possible downward breakout in the near future.
💎If this breakout unfolds as we expect, prepare for a swift corrective movement.
💎It's important to highlight the two verified order blocks in the shorter time frame. These zones are probable targets for the THORChain (RUNE), considering the liquidity present there.
💎Reflecting on past trends, we saw a transition from a demand to a supply zone, resulting in a significant price drop and targeting the previous Order Block (OB).
💎In the ever-evolving landscape of crypto, staying vigilant and flexible is essential. Keep those charts refreshed and stay tuned for more updates! 🌴
Be carefulThe recent rise of the currency is a triple rise, not a five-year rise. It is a corrective rise only, and it will return to a strong decline again, All data and explanations are mentioned on the drawing.
Please clarify that I am helping you with my point of view, which may be right or wrong, and see my previous analyzes of many currencies and forex in order to judge the owner of this analysis with a more accurate look
Good luck
RUNE Coin is on the long sheet with 1.499 levelAIHermes has identified RUNE Coin on the long sheet with 1.499 level
Entry model - breakout! 20X leverage
On the growth of Bitcoin, the coin made an impulse and gave a movement of 15%!
Stop short Leverage 20X
Almost 300% to the amount of the trade!
Trading from levels - it's simple, clear and safe!
RUNE: Breakout after BreakoutHello friends!
Few days ago I've put BINANCE:RUNEUSDT on my list cause I've seen it to be close to the breakout of the new short-term resistance formed on 1h TF. Interestingly enough, it had just broke out of the long going resistance level two weeks ago, went through the point of BoS (Breaking of structure) (by creating the new higher high after the one that has been under that previous resistance at 1.969) and by this moment it is creating the new Higher Low.
Again, interestingly enough, while forming the new lower low it is creating the new zone of interest by creating this new resistance I was talking about and actually breaking through it. At this particular moment, the breakout isn't yet totally confirmed cause it hasn't gone through the new BoS, but this point might be this new higher low.
So:
If you are risky enough, consider the Entry 1 Zone with the Stop Loss below the previous Low. In case if the Higher Low isn't yet catched, the price can go to the zone of $1.2-1. Consider re-entering at that point.
If you don't like the risk - wait until the break of structure will be confirmed and consider Entry 2.
First Targets will be within the fulfilling of the wick that led us to the previous BoS. Fulfilling it strongly will most probably lead RUNE to the next zone: $2.9-3.1
RUNEUSDTIf this labeling is correct, we can expect the short-term growth of this currency in the form of a hypothetical wave B.
It goes without saying that the current four-hour candlestick can be the final confirmation of this scenario..if it closes like this..
We know that wave B will be time-consuming and complex and can be in any form.
Trading in corrective waves is always associated with high risks and risks, so we must have capital management and a moving stop.
Is #Rune going to fill M FVG?After significant pump, Rune faced strong rejection from W FVG at 2.012$
I expect, that the coin will continue its bearish move towards to 1.15$, where we have W FVG + D 100 ema, where it may bounce and continue going down to other strong support levels (green lines) that you can see on the chart ( black line no 1)
coin returns to be bullish again, only if after testing the support level at 1.15$ the coin will return to 1.5$ price level. (black line no 2)
RUNEUSDTThis is a 1D frame analysis for RUNEUSDT Analysis of the crypto market: After breaking the resistance line which is currently playing the role of a support line, the price has been able to experience a good rise and slightly move above the resistance line, however it was unable to sustain above it and take a corrective price action. Currently, if the price is unable to hold above the support line and fully consolidate below it, we can expect a pullback to the second support line. But if it is able to hold above the support line after the collision and show signs of market reversal, we can be with the price at the resistance line. Suggestion: If friends who have still bought this currency and are in loss, wait for the price to consolidate above the first support line and buy again on the support zone and take profit on the resistance zone so that they can reduce their loss or exit the trade with profit.