RUNE Thorchain Long spot trade I think RUNE will make a big move...very soon. And It's gonna run fast when it breaks daily (and weekly trend). If market continue to explode RUNE will be one of the really fast movers. In this spot trade I wouldn't wait for the trendbreak. I think the risk reward ratios is good as it is 1.6. RUNE is lagging compare to many other coins and I think its high probability that RUNE is one of the next coins that makes a big move - non financial advice.
Thorchain
RUNE: Approaching ResistanceTHORchain (RUNE) technical analysis:
Trade setup : Trends are mixed. Wait for price to 1) break above $1.50 resistance, with upside potential to $2.00, or 2) pull back near $1.00 support for swing entry.
Trend : Uptrend on Short-Term basis, Neutral on Medium-Term basis and Downtrend on Long-Term basis.
Momentum is Mixed as MACD Line is below MACD Signal Line (Bearish) but RSI ~ 50 (Neutral).
Support and Resistance : Nearest Support Zone is $1.00. The nearest Resistance Zone is $1.50 (previous support), then $2.50, and $3.00.
RUNEUSD Is preparing a major bullish moveTHORChain (RUNEUSD) has been trading within a Channel Down pattern since the June 13 2022 (weekly) low inside a longer-term Bearish Megaphone since the May 17 (weekly) High. The 1W LMACD is close to forming a Bullish Cross. If completed, the short-term target will be the 1D MA200 (red trend-line). A break above the 1W MA50 will further be a bullish break-out signal, targeting the top (Lower Highs trend-line) of the Bearish Megaphone.
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RUNEBTC 1DRUNEBTC : RUNE has to break out of this descending wedge to get back into the ascending movement. From the top until today, RUNE BTC has devalued 84.67%. Moving averages imbedded downwards, but as the Ichimoku cloud works like a real magnet, I believe that we have already reached the bottom of this corrective and that RUNEBTC will now seek its first resistance in 0.0000865.
RUNE can be touch several TPsTHORChain 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.
With THORChain, users can simply swap one asset for another in a permissionless setting, without needing to rely on order books to source liquidity. Instead, market prices are maintained through the ratio of assets in a pool (see automated market maker).
The native utility token of the THORChain platform is RUNE. This is used as the base currency in the THORChain ecosystem and is also used for platform governance and security as part of THORChain's Sybil resistance mechanisms — since THORChain nodes must commit a minimum of 1 million 300k RUNE to participate in its rotating consensus process.
THORChain was funded through an initial DEX offering (IDO) which launched through the Binance DEX in July 2019. Its single-chain chaosnet launched in April 2021, the multi-chain upgrade was launched in April 2021 and Mainnet is now live as of Jun 2022.
Buy setup
Entry : 1.33 - 1.59
SL : 1.145
TP1: 1.64
TP2: 1.7
TP3: 1.77
TP4: 1.85
TP5: 1.95
TP6: 2.1
TP7: 2.3
TP8: 2.5
TP9: 2.8
TP10: 3.2
TP11: 3.6
TP12: 4
TP13: 4.45
TP14: 4.9
TP15: 5.35
Spot or Future (1x, 2x, and 3x)
Run and enjoy it!
Follow me! Copy my trade!
TradeSetup_Reza
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
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
📈THORChain (RUNE) Jul-26 #RUNE $RUNEAt the moment, RUNE is falling to the $2 zone, which is the last support of the uptrend since mid-June. We need to look carefully at the price action here to consider buying it.
If RUNE holds the $2 zone, it can rally back to the $3 zone and even $4.5
However, if it loses the $2 zone, it will have a crash similar to the beginning of June to fall back to the $1-1.2 zone, which will be a worthy accumulation zone for the long-term goal.
THORChain (RUNE) - Renko chart updateTHORChain - Renko chart update
The last support line work pretty well - no RUNE has to break the next resistance line
Renko-Charts filter out the noise and give a clear TA picture
Tell me which Crypto you want to see as a Renko-Chart TA
*not financial advice
do your own research before investing
ThorChain #RUNE $RUNE (Jul-7)The $2 zone is a good support where we can buy RUNE and expect a break out of the $2.6 zone and continue to move towards the $3.4 zone with the Broadening Rising Wedge pattern. Currently, the buying power of RUNE is very strong in the past few days and we can believe in the growth of RUNE in the near future.
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.
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).
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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
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 !
Runeusdt (THORChain)If you look at my previous analysis, I analyze very simply and I do not use any special complexity
I think the path is drawn and The M pattern is evident in RSI and its Chart.
Given that it was delist from the FTX exchange today.
If you buy from the specified point, the first step can be good...
It is not financial advice to be on your strategy
RUNEUSDT - SETUPRUNEUSDT price is formed critical support and trying to honor it by moving around from few sessions. In the meanwhile, price reached very near a falling trendline. Any effort by bulls can break it and create a strong momentum or maybe it will take some more sessions to build momentum.