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Thorchain

RUNE/USDT: On his way for bullish reversal---- Mid-term Analysis for the next coming 4 weeks to 3 months - Daily on Daily Chart (LIN)------- RUNE/USDT: On his way for bullish reversal Context - The Global Crypto market leads by BTC and ETH reversed a new bullish trend - RUNE for now is still lagging versus ETH - We are watching at 3,25/3,77 area to bypassed to extend the bullish recovery in progress - Watch 2.00 as key support Previous analysis : 18/08/2022 : Market configuration - Graphical Elements : Graphical Resistance = 3,25/3,77 & 8,35 & 13,50 Graphical Support = 2,00 - Mathematical Indicators: EMA ( Exp Moving averages) are now support at 2,69 = Bullish / Neutral RSI indicator (below) is now above 50% area = Bullish - Elliot & Harmonic Wave (Fibonacci): Fibonacci Target E (B) has been already reached = 1, 42 Fibonacci resistance of the wave in progress = 3,25/3,77 Fibonacci support of the wave E (B)(max extension) = 1,42 Fibonacci Bullish Target = 5,48 & 6,25 (auto-similar move) Conclusion Preferred case => AS long as 2,00 remain support, we are looking at buy the dips in the buying area in order to challenged 3,25/3,77 and surpass this zone to confirm a bullish reversal towards 5,48 in a first step
Long
by JeanJean1983
RUNE/USDT: about to triggered significant recovery---- Mid-term Analysis for the next coming 4 weeks to 3 months - Daily on Daily Chart (LIN)------- RUNE/USDT: about to triggered significant recovery Context The Global Crypto market leads by BTC and ETH is still evolving within a bearish market configuration. Like the others digital assets RUNE has been suffering about negative global market situation which should be ended with the rrecent bounce on going on ETH surpassing 1440 Previous analysis : 08/06/2022 : Market configuration - Graphical Elements : Graphical Resistance = 3,25 & 8,35 & 13,50 Graphical Support = 1,62 - Mathematical Indicators: EMA ( Exp Moving averages) are capping the market at 3,25 = Bearish / Neutral RSI indicator (below) is bouncing off key support and challenge 50% area = Bullish - Elliot & Harmonic Wave (Fibonacci): Fibonacci Target E (B) has been already reached = 1,60/1,40 Fibonacci resistance of the wave in progress = 3,25 Fibonacci support of the wave E (B)(max extension) = 1,09 Fibonacci Bullish Target = 8,35 & 6,25 (auto-similar move) Conclusion Preferred case => Regarding the mid-term element, RUNE is still offering a good opportunity to play a continuation of the recovery on going - we adjust the key support 1,62, bypassing 3,25 the bullish recovery will be defenitly confirm offering opportunity to add the exposure on this Token
Long
by JeanJean1983
THORChain 123 | 1-Bottom Pattern 2-EMA Rejection 3- Bullish PeakTHORChain (RUNEBTC) one, two and three. The (1) is the bottom pattern. We have a lower low followed by a bullish breakout. This would be wave 1 of an EW impulse. The (2) is the EMA100 rejection. After a bullish breakout, it is normal to see a correction that ends in a higher low before higher prices. The low would be equal to wave 2 of an EW impulse. The (3) is the bullish wave peak. This would be wave #5 of an EW impulse and a classic correction would follow this whole set up. In conclusion, THORChain will also grow . Namaste.
Long
by AlanSantana
6
RUNEUSD Staging a medium-term buyThorchain (RUNEUSD) is on a very strong two-day bullish streak with the RSI breaking above its June 06 high. Last time we posted a trade on RUNE, it was the 1D MA50 (blue trend-line) that helped us identify a confirmed buy: The token has been trading within a Channel Down pattern ever since its May 18 2021 market top. As you see, on both Lower Lows formations, the buy confirmation came when the price broke above the 1D MA50. A Bull Flag (Channel Down) followed and then a Lower Highs was made. As a result, and with the similarities on all of RSI sequence evident, this rise is most likely the set-up for that 1D MA50 breaks that could lead to a Lower High around the 4.5 Fib extension (8.000). -------------------------------------------------------------------------------------------------------- Please like, subscribe and share your ideas and charts with the community! --------------------------------------------------------------------------------------------------------
BINANCE:RUNEUSDLong
by TradingShot
8
RUNE/USDT: Buying area reached - Bullish reversal expected---- Mid-term Analysis for the next coming 4 weeks to 3 months - Daily on Daily Chart (LIN)------- RUNE/USDT: Buying area reached Context The Global Crypto market leads by BTC and ETH is still evolving within a bearish market configuration. Like the others digital assets RUNE is suffering about negative global market situation which should be ended once the crypto market gonna start the bullish reversal However we are focus on a key buying area now on this coin and we expect a fast and quick recovery regarding the wave swing configuration of the trading range Market configuration - Graphical Elements : Graphical Resistance = 10,20 Graphical Support = 1,20 & 3,00 - Mathematical Indicators: EMA ( Exp Moving averages) are capping the market = Bearish RSI indicator (below) is bouncing off key support = Bullish - Elliot & Harmonic Wave (Fibonacci): Fibonacci Target E (B) has been already reached = 3,00 Fibonacci resistance of the wave in progress = 10,20 Fibonacci support of the wave E (B)(max extension) = 1,20 Fibonacci Bullish Target = 17 & 25 (auto-similar move) Conclusion Preferred case => Regarding the mid-term element, RUNE is offering the perfect entry area for a mid-term portfolio configuration in order to anticipate a bullish exit towards 17,00 as long as 1,20 remains support - 10,20 is expecting to acts as an intermediate resistance to confirm the bullish exit from the consolidation Strong conviction => ABove 1,20 buy now (3,00) to reach 10,20 area = common part
Long
by JeanJean1983
1
THORChain (RUNE/USDT) : Strong bullish potential THORChain (RUNE/USDT) : Strong bullish potential Context : RUNE/USDT is evolving within a clear picture since the launch of the Token in october 2020. We can see a clear upside trend in 5th up wave (impulsion) before a pause in a trading range (yellow) in 3 abc waves (corrective).... It is a real ''school case'' and the logic is now to draw a second upside trend (auto-similar move) with a test of the upside limit of the range before. The recent bounce above the lower limit of the range reinforce the idea of a direct rise with an RSI indicator now in positive area with potential and the EMA activating a golden cross and acting as support. Key Elements (Daily Chart basis): - Auto-similar potential at 145 - Upper limit of the range potential at 17/25 - Key Fibonacci level at 5.00 + EMA support in the same area - RSI is above 50% Tactical view on 3 to 6 weeks: As long as 5 remains a key tactical support, the market offer opportunity to buy in dips and accumulate bullish position in order to play a freelunch target at 17 even 25. On a longer run (multi-month) the market is expected to break above 25 to rise towards auto-similar potential at 145 Enjoy my Friends !
Long
by JeanJean1983
🆓THORChain (RUNE) May-23 #RUNE $RUNE The buying force is continuously being pushed into RUNE from the $3 zone. In the near future, RUNE may have a recovery with the target zones at $3.6, $4,2 and $5. However, if it loses the $3 zone, it will continue to fall sharply and we will need to watch carefully when it approaches the $2.6 and $2.2 zones. 📈RED PLAN ♻️Condition : If 1-Day closes ABOVE 3$ zone 🔴Buy : 3 🔴Sell : 3.6 - 4.2 - 5 📉BLUE PLAN ♻️Condition : If 1-Day closes BELOW 3$ zone 🔵Sell : 3 🔵Buy : 2.6 - 2.2 ❓Details 📈Red Arrow : Main Direction as RED PLAN 📉Blue Arrow : Back-Up Direction as BLUE PLAN 🟩Green zone : Support zone as BUY section 🟥Red zone : Resistance zone as SELL section
Long
by CryptoStation
1
THORCAIN(RUNE)-USDTGreetings, The price is moving in a downward channel (logarithmic chart), the price is at its lower boundary. Right now the price is squeezed between $3 and $4. If the $3 zone is held and the general background of the cryptocurrency industry is positive (bitcoin price), there is a probability that the price will return to the channel resistance in the area of $8-10. With negative developments for the crypto market, the channel is likely to break down with targets of 0.75-1. Repeating the movement of bitcoin during the last month. short - price consolidation below $3 long - price consolidation above $4. trading in the range of $3-$4. If you liked this material, please like it and subscribe, so as not to miss anything. Always use STOP, and do not use trading leverage greater than x3. A trader must always have tomorrow.
by Kirill_Gaitan
RUNE/USDT (4H) - Midterm Long opportunity ? Hi Traders, This idea presents Long opportunity for RUNE... which is quite solid project, and form quite different structure from other " S "-coins. :D In my opinion we are actually forming wave (v) of C or 3 down. so Im waiting for LONG signal on 4H RSI which is currently Konverging. My Buy zone will be area 5.2 to 3.8 USD. Sell zone is 6.5 to 7.5 USD. I will count subwaves on the way down and UP + Update Idea daily. Do your homework, always trade safe and use stop-loss ;)
Long
by Longevity_Contrarian
1