Runeusdtanalysis
RUNE into Wyckoff Acumulation phaseI just started this analysis finding strongest supports in high timeframes such D1 and D3 because bearish trend line makes a perfect 90 degrees triangleand wanted to know a perfect LONG entry near to biggest support in D3 (horizontal blue line). We can easily see in the RUNE chart Wyckoff’s Acumulation Phase Pattern and we can also guess about future Bullish Cup & Handle Pattern will be created in a couple of months maybe in W1 we can get notice about it.
Please wait till RUNE will be little bit near to strongest and biggest support (blue line).
RUNE/USDT IS REDY TO BOUNCE!!Hi guys, This is CryptoMojo, One of the most active trading view authors and fastest-growing communities.
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Long RUNE/USDT
RUNE is making this ascending triangle pattern
Entry range:-$1.96 to $2
Target:- 50%
SL:- If any candle closes below the lower trendline of the triangle.
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$RUNE - A clear bid to Freedom! Price has been moving in a 24% downtrend range since it's breakdown from its $4 support. See my weekly swing analysis for lines drawn in the sand here: -
(Take note of the full Fib retracement since ATHs @ 0.236 red level $4.09 - RESISTANCE)
Standard DEVIATIONS can be seen at the top of the range at 13 & 16 May – there’s also one persistent deviation at the bottom of the range between 26-29 May.
Currently, price seems to be trading in deviation out of the smaller parallel channel you can see on the 45(ish) degree angle – thus reenforcing my bullish weekly swing scenario trend analysis (see link above^)
I project that we see price rejection @ Fib level blue 0.66 – around this level there are three clusters of price action toward the top of the range acting as HEAVY RESISTENCE.
The price action here is accumulating here in a demand zone after falling through its $4 support.
(Use the Googles to search “supply and demand resistance and support” for further information.)
Given we can agree that we are accumulating rather than distributing - it stands to reason that the upcoming movements away from the range are… – up only!
The strategy I would employ requires three layers – or bullets – as I like to call ‘em. Begin layering your position with a bid from @ fib green 0.5 followed by two more bids through to @ fib gold 0.382.
You can see what bid prices I use on the right of the graphic - but choose as you will.
Why three bids? Given how bullish price action is behaving – It’s easy – I would be way too sorry to assume my most greedy bid would be filled! If I snag 1 or 2 hey! At least I’m in.
Long and short of it ( no puns intended ) – My weekly idea for a $7 Runecoin is just warming up.
Get them bids in! or don’t!
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This is not intended as financial advice – educational and entertainment purposes only.
$RUNE - Weekly swing ideaThis looks like it's in the making for a triple bottom.
Price Action is in ranging in an 82% band since All Time Highs
Price has been rejected at support near the $3 mark twice - this looks like the third bounce.
The FACTS
1. Third time the 3 dollar mark is being tested.
2. On Balance Volume OBV is printing a massive BULLISH DIVERGENCE against the Price Action - see dotted white lines.
3. Relative Strength Index RSI is holding at JAN 22 last printed support level.
4. First major resistance zone is allocated in the red box - confluence found yellow fib level 0.382
5. $3 mark is classed as support.
Conclusion
Spot buys right now are looking irresistible - a buy now with a Stop Loss S/L set pretty tight near range LOW of $2.45 is advised.
Higher resolution analysis is needed for HIGH leverage plays (x5-x20) - hold tight!
The THREE percentage gains marked at FIB LEVELS are PROFIT TAKING situations. Once! and only once profit is taken should you be looking for adding position in due course. DO NOT ADD BLINDLY!!!!!
RUNE LONG[SHOT] 📈$RUNE look like it's behaving in a ranging pattern (like most of the crypto market right now)
However this pattern i've found on RUNE looks very clean for a long-shot.
The FACTS
1. Price action is moving in a 27% range bound since breakdown and restest*** - see fib levels.
2. Price is reaching the very bottom of the 27% price range.
3. Price has respected a very clean yellow trendline from the highs of $3.83 all the way down to current price of $2.8
4. There are two heavy order block resistance points printed at July 21 and Feb 22 - see red box labeled RESISTANCE)
Confluence of Indicators
Foreword
A break on the upside of the yellow trendline would open the line for a long position. I would only shoot for a long once this trendline IS broken with conviction henceforth spying for a RETEST in order to open the LONG. I would be looking for a 20% move to the upside before closing the trade with a relatively tight stop loss in place.
1. A break of conviction above the green dotted line at 2.9 would signal long options. i would like to see price hike over $3-$3.10 and then look to buy long spots at $2.9
2. Red box of Resistance confluences with fib level blue 0.66 and fib level yellow 0.618. - this is one of the golden indicators i use for spotting reversals. - here is where i close the trade.
3. BULLISH DIVERGENCE spotted with dashed yellow lines on OBV AND RSI - powerful indictor of reversal.
4. Price is still respecting the 27% bound range and MAY*** have finished its testing of the lows.
Conclusion
Potential for a clean 20% upmove with a nice 5R risk to reward (a 4% stop loss) is more than on the cards.
Have to see a clean convicted break of yellow trednline!
RUNEUSDT AnalysisHello friends.
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Everything on the chart.
Entry: market and lower
Target: 8.5 - 12 - 19
after first target reached move ur stop to breakeven
Stop: ~3.9 (depending of ur risk). ALWAYS follow ur RM .
Risk/Reward: 1 to 4
risk is justified
Good luck everyone!
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It's not financial advice.
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RUNE - Dont let it RUNe off without youCharted on 21st April
RUNE aims to be a decentralised cross-chain dex which offers trading of native assets on-chain rather than wrapped tokens or represented tokens controlled and stored in a cex. Rune is needed to bootstrap liquidity in LPs (in an overcollateralized manner), synergistic with Terra due to decentralised nature and UST adoption, and finally burnt to mint THOR.USD (new!). As posted in my own substack, expecting ecosystems with native stablecoins and defi to pick up steam as the current narrative.
Very bullish - 30%
Rune trading volume up for decentralised preferences, supply shock from the collateralization (LP), synergistic effect of DEX benefitting from increased trading volumes due to THOR.USD and supply drain due to burn-to-mint function would be the main catalyst to send Thorchain up. Am expecting a retest of $12.18 and $12.88 which would be the 0.5 fib and the descending trendline which acts as resistance. We would want to see a break of the descending trendline which would mark the end of a year-long range and expect more upside. A retest of demand after breaking out from the resistance would let us target the previous upside fibs at $14.3, $17.3 and ATH ~$22
Strategy would be to add on 0.382 fibs ($10), on 0.5 fibs ($12.8 retest) post resistance breakout and consolidations above the 0.786 fibs at $17.3
Conservative Bullish - 40%
Cautious traders who buy RUN E would aim for better risk:reward especially since it has been hacked before, as well as lack of volume from people who want to derisk from LUNA/ Do Kwon.
This scenario would see RUNE ranging in the 0.236 to 0.382 fibs, between 7.3 and 10. I would then expect this to test the descending trendline and be rejected, with $10 as a good re-add zone due to 1) psychological round whole number and 2) 0.382 fib retest. Strategy would be to rinse buying RUNE near $7 and selling at $10, re-adding at $10 upon rejection or breakout of the trendline, with a target of 14.3 and 17.3 as conservative bullish targets.
Bearish - 30%
Looking at UST or algorithm/ecosystem stablecoins created via collateralization to be fudded, causing the meta to shift away from this narrative, as well as seasonal weakness in May which could also cause massive shorting to hedge. It would still be a great protocol to add and DCA on dips. Would be possibly looking at RUNE retracing from here downwards to old support $6.73 and ranging back towards the 0.382 fib ($10). Any closure below the old support would let us see a sweep of lows and thus the possibility of a $3-4 RUNE. You may choose to DCA at old support 6.73 and prepare to add heavily if $3-4 RUNE DCA opportunity comes, or short at the descending resistance trendline or the 0.382 fib on a range retrace with a target of $3.5
RUNE has been a key component of defi and crypto ethos and it has a resilient community waiting on the success of such a protocol. LPs exist on Thoryield and you may choose to earn by being validators through running THOR nodes too. As it is a volatile coin, I would recommend spot trading for RUNE on exchanges like Bybit rather than touching perps if you are not an experienced trader.
RUNE/USDT TRADE SETUP!!Hi guys, This is CryptoMojo, One of the most active trading view authors and fastest-growing communities.
Do consider following me for the latest updates and Long /Short calls on almost every exchange.
I post short mid and long-term trade setups too.
Let’s get to the chart!
I have tried my best to bring the best possible outcome in this chart, Do not consider it as financial advice.
#LONG
RUNE/USDT/USDT breakout this BULLISH FALLING WEDGE PATTERN.
ENTRY: CMP ( CURRENT MARKET PRICE )
and add up to $9
SELL- 90%
STOP LOSS: $8.7
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RUNE potential targets THORCHain is a decentralized liquidity protocol that allows users to easily exchange cryptocurrency assets across a range of networks without losing full custody of their assets in the process.
I'm showing the possible targets that you can trade them when the price reach them.
A possible SHORT is at $10.00 and $13.15
A possible LONG or Spot Buy at $7.00 and $4.00
RUNE/USDT 4 HOURS ANALYSIS Welcome to this quick Update, everyone.
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RUNE/USDT broke out the symmetrical triangle and retested it.
Entry: CMP or upside the 21MA
Targets: 30%TO 40%
Stop Loss: $3.67
What's your thought on this?
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RUNE/USDT 4 HOURS ANALYSIS Welcome to this quick Update, everyone.
If you are reading my updates for the first time do follow me to get more complex charts in a very simplified way.
I also post altcoin setups on Spot, Margin, and Futures.
I have tried my best to bring the best possible outcome in this chart.
RUNE/USDT broke out the symmetrical triangle and retested it.
Entry: CMP or upside the 21MA
Targets: 50%TO 60%
Stop Loss: $3.67
What's your thought on this?
Do hit the like button if you like this update and share your views in the comment section.
Thank you
#PEACE