Long on RUNE$RUNE bounced off the support level and broke through the descending trendline. Bullish movement to resistance level at 12$ is likely to happen.
Thorchain
RUNE - ready to break the resistance and target the next oneif we see this break above the 9.5 resistance level we can expect a nice 20% move up until the weekly highlighted resistance zone in my opinion
THORChain RUNE in healthy correctionTHORChain RUNE in healthy correction after bearish divergence on RSI.
This correction started at FIB golden pocket ($12.13-$12.60) as I proposed 2 weeks ago.
A correction to volume support at $6.37 would be healthy and not concerning for Bulls.
What do you think?
Drop me a nice comment if you'd like me to analyze any other cryptocurrency or do another comparison.
*not financial advice
do your own research before investing
Thorchain ⚡🔨 Retest [March/April 2022]Hi! Expecting $RUNE to retest $6.20 for now tbh. The rise last days tho it was a bullflag for going to $15 around next weeks to me really. The inv-h&s would look great.
Good luck and profits for sure #doggonacci
THORChain; RUNE/USDT Analysis 📈📉Hello Crypto community Welcome to this introduction for another high potential crypto project.🚀💰
THORChain:THE DECENTRALIZED & AUTONOMOUS
CROSS-CHAIN ,LIQUIDITY NETWORK
🔹Rank #44,/ kind : TOKEN \\ Market Cap:$3,840,270,372 \\ Total Value Locked (TVL)$535,783,092 \\ Market Cap / TVL Ratio =7.15===> GOOD✅
Max Supply: 500,000,000 /Total Supply:334,937,975/// Circulating Supply: 330,688,061.33 RUNE ( 66%) ====> GREAT✅✅
THORChain is an independent blockchain built using the Cosmos SDK that will serve as a cross-chain decentralized exchange (DEX). It uses an automated market maker (AMM) model that resembles the first iterations of Bancor (BNT) or Uniswap where THORChain's native token (RUNE) will be the base swap pair.
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 .
thorchain.org-Coinarketcap
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📊Technical
As you can see on the WEEKLY timeframe for RUNE/USDT ,Since February 2022 it has printed 5 green candle and had a growth by more than 300% ,so I supposed it cannot rise more than resistance zone now , probably it want to have correction because it recently reached the resistance of dynamic descending trendline. so it can correct on the first support level and after a little rest then start to attack descending tendline again , then after a breakout and pullback ,continue its uptrend till the targets. but otherwise if it drops and loses the lower support it can fall more to lower support zone in this case . but take it mind according to recent crossover between 14 and 20 EMA it can continue it its rally , especially if be accompanied with the a growth of BTC and an we see a green market or altcoin overall for crypto market .
🛑resistance level: $14.88-$17.16// descending trendlines
❇️support levels: $6.46-7.35///$3.39-4.28///
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👉This analysis is my personal opinion ,not a financial advice ,so do your own research.
💜 if you're a fan of my analyses PLZ follow me and give a big thumbs 👍 OR drop comment 🗯💭
RUNEUSDT can long for a modest TargetRUNE if stays above 11 can reach out for 14 as the first tp.
Keep watching ..!
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Rune's potential accumulation, now in Phase DLooking good, adding some labels for better explanation. Being a RE-accumulation after the fomo/hype sell off top, the labels begin with typical distribution labels. IF all goes well, volume will drop off as the price set's a last point of support, we should then see a sign of strength leaving the range, most likely a back up to creek edge, and then a continuation. Let's watch and see.
MAGNIFICENT CHART IN DAILY USDT RUNE - OPTIMISTIC PROJECTIONTechnical analysis regarding the price of THORChain in relation of dollar Tether for the next scenarios, based on daily movement.
disclaimer
*** In accordance with CVM Instruction No. 598, of May 3, 2018, Art. 21, I declare that the recommendations of this analysis reflect solely and exclusively my personal opinions and perceptions and that they were prepared independently and autonomously. Not being considered a purchase and/or sale recommendation. ***
Any questions do not hesitate to contact me. I'm happy to be able to help you in the best way I can. 🙏
$RUNE - FSS Indicator gave you 2 chances to enter. "Don't short the Rune" is in vogue at the moment. Thor's chain has seen its bottom.
If you disregard the following...
-Bullish divergences
-Complete corrective EW structures. (ABC running flat in this case)
-Greatly reduced bear volume at the bottom
...you still had the solid Buy signals that the FSS Indicator (Floki's Secret Sauce) had printed on the 12H candle close.
On Feb 28, you had an entry just above $4. On March 9th, you had a buy signal print after a red candle! That's a rare and very bullish sign. This signal had your entry at $4.89.
Now on the TA side, we actually couldn't ignore the bullish divergences, the completed flat and the low bear volume. Within the bounce, we can count subwaves 1 & 2 for sure. With the 3 either almost done, or done heading into 4. Now with the guideline of wave alternation, I would expect RUNE to bounce above $6 in the case that wave 3 is actually done.
Safe trading to all!
⚡RUNE needs to take a breathIn my opinion BINANCE:RUNEUSDT rally needs to take a break. The last 3 day the price was moving up in a rising wedge formation with lowering volume and bearish divergences all across the board. The price just broke the dynamic support and I think it is now headed towards 8.00 - 7.00$ to complete wave (4)
Take profit: between 8.00 - 7.00
!!-- always DYOR and remember about risk management 👌
Update 29/3/22: Thorchain (RUNE) 420% gain back to the ATH Since the 13 Ema crossed up above the 21 sma signalling a strong buy signal on the Daily, Thorchain (RUNE) has gained 250%+ from the Buy Zone @ $3.44 to the current price @ $12.29. Thorchain (RUNE) is now only 71% gain from the ATH @ $21.09.
Our current Thorchain (RUNE) price targets from the current price:
127.20% fibs @ $26.01 (111% Gain)
161.80% fibs @ $32.27 (163% Gain)
261.80% fibs @ $50.38(308% Gain)
423.60% fibs @ $79.61 (545% Gain)
LFG!!!🚀
THORChain (RUNE)Happy Nowrouz
Happy New Year my dear Persian fellows
and hope yall enjoy crypto Spring as well
Today we gonna talk about one of the good crypto projects
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. 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
we just passed 3 Billion Marketcap and 4 Billion is on the way too
what do you think about Rune?
THORChain (RUNE) with bearish divergence - correction healthyTHORChain (RUNE) with bearish divergence on RSI - correction healthy
A correction to volume support at $6.37 would be healthy and not concerning for Bulls.
At least at FIB golden pocket ($12.13-$12.60) a correction might start.
What do you think?
Drop me a nice comment if you'd like me to analyze any other cryptocurrency or do another comparison.
*not financial advice
do your own research before investing
RUNE (RUNEUSDT) mid to Daily tf Range Updated till 26-3-22RUNE (RUNEUSDT) Mid-tier to Daily timeframe range. if you look at it even with intermediate trader's prospective its a profitable coin. specially a asset thats moves a lot within its respected zones range is a profitable asset. it provided some decent midtier timeframe setups too and it had swing and position traders setups. it was possible by look at its volume it had some quality buyers for now. if retail interest keeps on it maybe it act same.
Time to Look Bearish on RUNERUNE had a spectacular run over the past week. We know a pullback is likely coming sooner than later, and it looks like the time has come. Price has been losing momentum over the last 24hrs and the daily uptrend has just broken bearish. Waiting for a lower low on the 4hr if you are conservative.
Thorchain (RUNE) Update: 420% gain back to the ATH, currently...Thorchain (RUNE) Update: 420% gain back to the ATH, currently RUNE is only 147% gain away from the previous ATH @ $21.90.
THOR-WETH Potential BottomTHORSwap is a cross-chain DEX aggregator built on THORChain. Synths should be launching on THORChain soon, which should align with a general pump of the THORChain ecosystem. THORSwap has been in a slow decline in line with the rest of the market since around start/mid December.
The reasoning behind the long is that THOR has a tiny market cap (~$18-20 million) and so should outperform THORChain in the event that synths are actually launched in the coming 2-3 weeks. Essentially it is a bet on volume coming to THORChain, and considering that THORSwap is currently the main frontend for THORChain this should also positively affect THOR price action.
Why WETH, you ask? THOR is an ERC-20 token and so naturally the goal is to outperform ETH. Additionally, the vast majority of the liquidity available on THORChain is ERC-20 tokens and so the dominant ecosystem within THORChain is Ethereum.
THORChain (RUNE) Sell ZoneTHORChain (RUNE) Sell Zone
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BIAS
Mid-Term : Neutral
Long-Term : Bullish
Risk : High
THORChain is showing short-term weakness, and could easily go for one for retest dive down to our mid-term support zone
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$RUNE/USDT SHORT SETUP
Leverage : x3 - x5
Entry Price : 8.8 - 9.5
TP 1 : 8.31
TP 2 : 7.9
TP 3 : 7.68
TP 4 : 7.36
TP 5 : 7
TP 6 : 6.5
TP 7 : 6.18
TP 8 : 5.835
Stop Loss : 10
*Maximum 3% of Portfolio.
*Unload 12.5% at each TP. Whenever TP 2 hits, Move stop loss to entry.
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Rune Thorchain back into channel Thor Chain runebtc runeusdtRune Thorchain back into channel Thor Chain runebtc runeusdt
RUNE in for a leg downI don't follow much RUNE, to be honest I haven't checked many altcoins lately because of this uncertain market influenced by the war, however I've been asked to check RUNE so here we are.
Over the last 13 days RUNE had a gread pump (that explain why it kept popping on my social's feed) but as you can see it has currently bounced on the EMA 200 and has currently retraced a bit, in a zone where as you can see, in the past there was a good amount of trades (check VLPR on the left). Also, there's a noticeable DIV on OBV, it could either be an hidden bullish or a bearish DIV, I'm more inclined to think it's the latter.
On the 4h (I'll add a screenshot in the comments) price has reached a zone with poor liquidity and that's why it wasn't able to breach over EMA 200. Always at this timeframe there's a possible Elliot Wave harmonic pattern in formation with wave 3 ended, which could increase the possibility of a retracement (wave 4).
Right now I would look for a good entry point for a short or, in case I have some, I'd sell mine at profit. If I'm wrong at least you locked your profit.
Good luck
RUNE double bottom #RUNE/USDT
$RUNE shaped double bottom pattern and head up to descending resistance that is around 0.382 fib level of swing down.
🐮 if price break out from descending resistance, it will increase to 2 fib level to complete the double bottom pattern.
🐻 rejection from descending resistance can drop price to support zone around $6.
The ax is not that heavy! But it will go down anyway! RUNE looks tasty...... But... due to the oscilations of Bitcoin is very likely that he will eventually re-test the support.
Thorchain (RUNE) 420% gain back to the ATHThorchain (RUNE) 420% gain back to the ATH strong Buy Signal on the Daily
