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Thorchain

🆓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-$4. If you liked this material, please like it and subscribe, so as not to miss anything. Always use STOP, and do not use trading leverage greater than x3. A trader must always have tomorrow.
by Kirill_Gaitan
RUNE/USDT (4H) - Midterm Long opportunity ? Hi Traders, This idea presents Long opportunity for RUNE... which is quite solid project, and form quite different structure from other " S "-coins. :D In my opinion we are actually forming wave (v) of C or 3 down. so Im waiting for LONG signal on 4H RSI which is currently Konverging. My Buy zone will be area 5.2 to 3.8 USD. Sell zone is 6.5 to 7.5 USD. I will count subwaves on the way down and UP + Update Idea daily. Do your homework, always trade safe and use stop-loss ;)
Long
by Longevity_Contrarian
1
what you should expect as RUNE is flipping bearish. in my previews article published on April 4TH 2022 i highlighted possible bullish and bearish scenario, pinpointing a double top that can send the price below the ascending channel As fate may have it the double top pushed the market downward from 6.870 to 6.712 as when writing this article. As RUNE is flipping bearish, these are things am taking into account 1) bearish: i can see the double top been retested at 7.206 twice 2) connecting the retracement fib from (WAVE A) all time high to the mid section (lower low) (WAVE B) which is the bottom of the double top, i could see the next wave C already in play to complete the corrective wave. 2) bullish: the yellow dash line which is the weekly bearish handle serving as support since 12th April, the bulls have to hold the price above 6.500. and push it to the upper side from 8$ 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
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 ------------------------------------------------------------------------------------------------------------------- 📊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/// -------------------------------------------------------------------------------------------------------------------- 👉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 🗯💭
by PRO_SMART_Trader
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. 🙏
Long
by luizhcruz
2
$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!
Long
by FlokiCrypto