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Thorchain

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
Short
by Shotokhan
3
RUNEUSDT, Its time to take decision ...Hello everybody We backed with another analysis, one of the most powerful project that is working of LP base and want to solve this problem of Defi. Its amazing project but ... According to the chart and previous serial analysis we shown on chart that the price was moving in downward trend and until its not get out of this downward trend the price can reach to the lower price and now at this time we impact to the resistance zone and the key point level if the price can break this zone and pullback to it and continue it movement the price can temporary move in upward trend and the target that we shown on chart is on our way but if the price can not break this resistance level the price can drop to re-test again the support zone and if its not support in there it can drop more . Previous analysis : Observe to you capital management and if you need any help send us messages, our team will answer you as soon as possible. Good Luck Abtin
Long
by Abtin00
6
GREATEST BUYING OPPORTUNITY FOR THORCHAIN! - $RUNE ANALYSISChart above us is what we call a Fifth Wave Extension Impulsive move. Basically a fifth wave extension impulse move has the fifth wave to be the longest of the 3 impulsive moves to the upside and wave 3 to not be the shortest, which leaves us with wave 1 being the shortes of the three At the End of a Fith wave extension move, Price usually retraces the entire move, i.e from the start of the fifth wave to the end of it, which means we can expect a 100% retracement. However, it also says that Wave 5 always retraces 61.8% which RUNE hasnt done so far and would have us our first buy orders at the 61.8 region before even dreaming of a bottom (tho i bought some at support on the dip) We can place orders at the 0.764 fib support region as there was a lot of volume traded there, and should hold as support and as a worst case scenario as seen below Note that in a fifth wave extension, it is very important that there is no overlapping. Should note also charts like this are a reason I'm still bearish on Bitcoin. check out the Bitcoin analysis below. If you agree, pls leave a like and share your thoughts in the comments. Feedback is always appreciated.
RShort
by RektMyMom
2
🆓THORChain (RUNE) Feb-08 #RUNE $RUNE . 📈RED PLAN ♻️Condition : If 1-Day closes ABOVE 4.5$ zone 🔴Buy : 4.5 🔴Sell : 5.5 - 6.5 - 8 📉BLUE PLAN ♻️Condition : If 1-Day closes BELOW 4.5$ zone 🔵Sell : 4.5 🔵Buy : 3.5 - 2.5 ❓Details 🚫Stoploss for Long : 10% 🚫Stoploss for Short : 5% 📈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
THORChain (RUNE) Buy ZoneTHORChain (RUNE) Buy Zone -------------------- BIAS Mid-Term : Bullish Risk : Medium On 4 hours timeframe, THORChain is currently forming a lower time frame bull-flag above its second to local high support of $3.9 zone. The buying pressure and the bullish momentum is extreme, which will very likely break to the upside any second. -------------------- $RUNE/USDT LONG SETUP Leverage : x3 - x5 Entry Price : 3.8 - 4.1 TP 1 : 4.26 TP 2 : 4.43 TP 3 : 4.67 TP 4 : 4.95 TP 5 : 5.25 TP 6 : 5.52 TP 7 : 5.85 TP 8 : 6.375 Stop Loss : 3.295 *Maximum 3% of Portfolio. *Unload 12.5% at each TP. Whenever TP 2 hits, Move stop loss to entry. --------------------
Long
by Zerene
1
RUNE Descending Wedge on Watch - Potential Bullish BreakoutWatching for a potential bullish breakout for RUNE on a clearly defined long-term descending wedge. This is not an easy type of trade to take in my opinion because you need to be present during the breakout and observe the price action. You want to be entering on the break when there is volume coming through. If the price breaks out and quickly gets rejected or trades sideways with little volume, then you just sell out at breakeven or a small loss and consider it a dud. The key is to minimize your risk in an attempt to catch a large swing move because a bounce on the weekly timeframe for RUNE is likely coming sooner than later. If you choose to enter prior to it breaking out I would put the stop at $4.06 which is only a 3.3% loss for a potential 18-20% gain. Understand that probability will likely lean towards getting stopped out in this scenario but the risk to reward is worth it. What we are attempting to do is catch the weekly bounce which could be anywhere between a 20-100% move to the upside.
Long
by CryptoCentsTA
RUNEHello everyone... Potential and good currency with an attractive foundation In the weekly time frame, the candlestick has created a cover I do not think now is the time to buy We should let this currency test the $ 6.2 price again Because it grew very fast and did not allow people to trade ... Do the shopping step by step. This currency is not something that will disappoint you in the long run ... . . . If you have any questions, you can write it in comments below, and I will answer them And please don't forget to support this idea with your like and follow, thank you...
Long
by MohammadWaezi
7