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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-$4. If you liked this material, please like it and subscribe, so as not to miss anything. Always use STOP, and do not use trading leverage greater than x3. A trader must always have tomorrow.
by Kirill_Gaitan
RUNE/USDT (4H) - Midterm Long opportunity ? Hi Traders, This idea presents Long opportunity for RUNE... which is quite solid project, and form quite different structure from other " S "-coins. :D In my opinion we are actually forming wave (v) of C or 3 down. so Im waiting for LONG signal on 4H RSI which is currently Konverging. My Buy zone will be area 5.2 to 3.8 USD. Sell zone is 6.5 to 7.5 USD. I will count subwaves on the way down and UP + Update Idea daily. Do your homework, always trade safe and use stop-loss ;)
Long
by LongevityContrarian
1
what you should expect as RUNE is flipping bearish. in my previews article published on April 4TH 2022 i highlighted possible bullish and bearish scenario, pinpointing a double top that can send the price below the ascending channel As fate may have it the double top pushed the market downward from 6.870 to 6.712 as when writing this article. As RUNE is flipping bearish, these are things am taking into account 1) bearish: i can see the double top been retested at 7.206 twice 2) connecting the retracement fib from (WAVE A) all time high to the mid section (lower low) (WAVE B) which is the bottom of the double top, i could see the next wave C already in play to complete the corrective wave. 2) bullish: the yellow dash line which is the weekly bearish handle serving as support since 12th April, the bulls have to hold the price above 6.500. and push it to the upper side from 8$ to 10$ however if daily price closes below 6.5 then we could see a massive decline from 4$ to 1.8$ which would be the next channel support. which ever scenario you wish to play with always trade safe. always practice risk management.
by Italkbet
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.
by Zyale
THORChain | RUNE short-term bullish outlook confirmed 30% potentRUNE has been on a massive run lately. Most recently, Rune showed a golden cross, which is definition a bullish sign. I could see RUNE dipping a little lower to test the MA200 for support, but by then we should have enough rocket fuel to lead us towards $12. Keep in mind that we are in an area, that has proven to show lots of volume in the past few weeks. Once we break through the big white trend line around $12, I could see RUNE moving towards $18 and then ATH if the overall market conditions are good enough. My targets are in the chart. Let's see how this plays out. Thanks for your support. Have a good one.
Long
by PagaLui
RUNELooks like RUNE is heading towards 11.1 range, with a few stops along the way. Probably not the best entry point at the time of writing. I'll wait for RUNE to either break the high of April 14th, or it might try to retrace within the grey channel or go lower towards 8.6 or Support, then I'll be able to pick a better entry. Volume and general metrics are in a good place, but I'm avoiding entering in the grey channel. This is my Thesis, targets are purely hypothetical based on my analysis. This is NOT Investment and/or Trading Advice. Happy Trades! ❤️ If you enjoy my ideas, Please like/comment, it means a lot, Thank You! ❤️
by WhoIsWu
1