RUNEUSDTPERP
$RUNEUSDT: Ready to Break Out! BINANCE:RUNEUSDT has recently broken out of its downtrend and is now forming a symmetrical triangle, signaling a potential breakout that could lead to a significant upward movement. The fundamentals behind CRYPTOCAP:RUNE are strong, supported by a dedicated community, which adds to its long-term potential. Traders should keep an eye on the breakout from the triangle, as this could ignite a major price surge. As always, remember to set a stop loss to manage risk effectively while taking advantage of this exciting opportunity.
BINANCE:RUNEUSDT Currently trading at $5.2
Buy level: Above $5.25
Stop loss: Below $4.38
TP1: $5.7
TP2: $7
TP3: $9
TP4: $11
Max Leverage 3x
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Important volume profile section: 5.163
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(BTC.D 1M chart)
I think that in order for the altcoin bull market to start, BTC dominance must fall below 55.01 and be maintained or continue to fall.
If BTC dominance rises above 62.47, I think that altcoins are likely to show a sharp decline or plunge.
Accordingly, I think that now is not the time to trade altcoins.
To trade altcoins, you need to respond quickly and briefly.
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(RUNEUSDT.P 1M chart)
Since a volume profile section has been formed around 5.163, the point to watch is whether it can receive support and rise around 5.163.
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(1W chart)
In the 4.404-5163 section, the M-Signal of the 1W chart > the M-Signal of the 1M chart, showing signs of transitioning to a regular array.
Accordingly, whether there is support around 4.404-5.163 is an important issue.
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Based on the current price position, since the HA-High indicator of the 1W chart is formed at the 7.683 point, I think that it is highly likely that a full-fledged uptrend (stepwise uptrend) will begin if the price rises above 7.683 and maintains its level.
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(1D chart)
The point of interest is whether it can receive support near 5.421 and rise above 6.605.
If it falls below the 5.050-5.218 range, you should check for support near 4.404.
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Since the StochRSi indicator is located near the 50 point, there is a high possibility of volatility.
Therefore, you should check for support and decide when to trade.
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Have a good time.
Thank you.
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- Big picture
It is expected that the real uptrend will start after rising above 29K.
The section expected to be touched in the next bull market is 81K-95K.
#BTCUSD 12M
1st: 44234.54
2nd: 61383.23
3rd: 89126.41
101875.70-106275.10 (when overshooting)
4th: 134018.28
151166.97-157451.83 (when overshooting)
5th: 178910.15
These are the points where resistance is likely to be encountered in the future. We need to see if we can break through these points.
We need to see the movement when we touch this section because I think we can create a new trend in the overshooting section.
#BTCUSD 1M
If the major uptrend continues until 2025, it is expected to start by creating a pull back pattern after rising to around 57014.33.
1st: 43833.05
2nd: 32992.55
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RUNEUSDT Forms Bullish Triangle PatternRUNEUSDT Technical analysis update
RUNE has been trading inside the triangle for the last 30 days and is now moving toward the breakout on the 4-hour chart. If the breakout occurs, we can expect a significant bullish move. The price is trading above the 100 and 200 EMA on the daily chart, which act as support for the current triangle.
#RUNE/USDT#RUNE
The price is moving in an ascending channel on the 1-day frame and is sticking to it very well
We have a bounce from a major support area in green at 2.80
We have a downtrend RSI that has been broken upwards which supports the upside
We have a trend to stabilize above the 100 moving average which supports the upside
Entry price 4.00
First target 5.20
Second target 6.28
Third target 7.75
$RUNE: simple head and shoulder pattern: buy zone for longCRYPTOCAP:RUNE is an established DeFi protocol that works and is solid, based on its own blockchain, Thorchain. No token unlocks, all tokens are vested, making it relatively safe from rug pulls. However, like many other altcoins, it has been overheated and is undergoing a drastic cooldown.
This pattern is a classic one, easy to identify, and therefore the target is below the neckline at $2 or less. It looks very low, but if you look at the Weekly MACD, you can see that it is not oversold and needs more downside to reset before a reversal.
Even if it bounces because CRYPTOCAP:BTC has another pump, the chart pattern suggests not buying above this zone as it would go against the chart theory.
Do what you want, but I have put my buy order in the green zone, which guarantees me a significant profit if it gets filled. If not, I will buy another coin.
Always do your own research (DYOR). This is not financial advice; I am just articulating what the chart indicates. It is up to you to make any informed decision based on that.
RUNE / RUNEUSDTGood Luck >>
• Warning •
Any deal I share does not mean that I am forcing you to enter into it, you enter in with your full risk, because I'll not gain any profits with you in the end.
The risk management of the position must comply with the stop loss.
(I am not sharing financial or investment advice, you should do your own research for your money.)
$RUNE/USDT trading plan. Great coin to hodl, I explain whySome History, so that we know what we are talking about:
Thorchain is a decentralized liquidity protocol that allows users to easily swap assets across different blockchains in a permissionless and trustless manner. It enables cross-chain decentralized finance (DeFi) transactions by providing liquidity pools for various cryptocurrencies, allowing users to exchange assets without relying on centralized intermediaries.
The project was created by a team of developers led by Chad Barraford, also known as "Chadwick Strange," who is the co-founder and CEO of Thorchain. The team behind Thorchain aims to address the issue of liquidity fragmentation in the DeFi space by enabling seamless interoperability between different blockchain networks. Thorchain's native token, RUNE, plays a crucial role in the protocol's operations, serving as a means of liquidity provision, governance, and security.
Circulating Supply: 335,641,741 RUNE
Total: 414,274,277 RUNE
Issue Date: 2019-06-20
CRYPTOCAP:RUNE is supported by a resilient team that has been continuously updating since 2019.
CRYPTOCAP:RUNE has 90% of its supply released to the public, reducing the risk of VC dumping and token releases. Most tokens are now used as treasury, which is favorable.
CRYPTOCAP:RUNE , along with its main project Thorswap, is constantly adding new bridges and experiencing steady growth.
CRYPTOCAP:RUNE preserves the anonymity of transactions, which aligns with the core principles of cryptocurrency.
CRYPTOCAP:RUNE competes with Uniswap, which faces regulatory issues with the SEC. Consequently, many users may seek alternative platforms like Thorswap for coin swapping, providing potential benefits to $RUNE.
I have been trading CRYPTOCAP:RUNE since it was worth $1.5 and it is now around $5 during this bull run, presenting a good buying opportunity and recovering strongly from the last CRYPTOCAP:BTC dump.
The take-profit are indicated on the chart. It's important to note that this coin is highly volatile; it can experience sharp drops but also significant gains. Do Your Own Research (DYOR) and trade safely. Feel free to share your profits in the comments!
RUNR: in channel📊Analysis by AhmadArz:
1. Support and Resistance Levels:**
- Support:** Around $6.100 and $5.995.
- Resistance:** Approximately $8.397 and $8.717.
2. Trend Channels:**
- The price is moving within an upward channel marked by blue lines.
- There is a clear uptrend with higher highs and higher lows.
3. Trading Strategy:**
- Buy Zone:** Enter buy positions around the support area of $6.100 by SL: $5.935.
- Target Prices (TP):**
- TP-1:** $6.731
- TP-2:** $7.298
- TP-3:** $8.284
4. Overall Trend:** The trend is currently bullish within the ascending channel. The price is expected to move towards the target prices if the support levels hold.
In summary, consider entering buy trades in the support zone and aim for the target prices within the upward trend channel.
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#RUNE/USDT#RUNE
The price is moving in a bearish channel pattern on the 12-hour frame, and it adheres to it well, and it is expected to break to the upside
The price rebounded well from the lower border of the channel at the green support level of 4.50
We have a tendency to stabilize above the Moving Average 100
We have oversold resistance on the RSI indicator to support the rise, with a downtrend about to break higher
Entry price is 5.90
The first goal is 6.68
Second goal 8.32
Third goal 9.77
RUNE: breakout renge📊Analysis by AhmadArz:
🔍Entry: 6
🛑Stop Loss: 5.594
🎯Take Profit: 6.227 - 6.654 - 7.240
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RUNE: 📊Analysis by AhmadArz:
🔍Entry: 5.673
🛑Stop Loss: 5.520
🎯Take Profit: 5.843 -6.026 -6.223
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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
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