Thorchain
RUNE last line of supportOn HTF, another catastrophy could lead to RUNE if the line of support(red line) broken, following 8M hacked.
A lot of volume trading here.
Rune already down 85%. Long-Term-Hodler start DCA anytime from here.
''THORChain(RUNE) is a highly-optimized multi-chain with an efficient consensus algorithm called Yggdrasil protocol. It is based on practical Byzantine Fault Tolerance (pBFT).
Overall, RUNE is providing unique solutions to current critical blockchain and cryptocurrency exchanges issues of low liquidity, interoperability, and safety. With Yggdrasil Protocol, RUNE can overcome scalability with vertical sharding which has a throughput of 100k transactions per second with less 10k nodes and 1 million transactions per second with less than 80k nodes.''
In simple word, RUNE make it possible to swap between native assets across different blockchains.
Yet, hacking issues giving RUNE devs a room of improvement to become more secure.
Fundamentally, this coin is the best tokenomic in the world so far.
Thorchain (RUNE) • What are possible bull & bear targets?There is a lot of pain out there from RUNE holders since this was one of the most hyped coins out there.
Let's take a look into possible target ranges from here and a comparison vs other DeFi Tokens.
RUNE / Thorchain dies on thor'sdayfound this was just far too coincidental, wouldn't you?
Well, famous J.P. Morgan says these lines, “Millionaires don’t use astrology, billionaires do,”
Trading Disclaimer:
All trades and ideas posted from this account, including setups, are given for educational purposes only. 95% of trades never win, and instead realize losses. Trading involves risk, there are zero guarantees that you will win any given trade, including this one or others related to it or this account. If you follow any setups, you do so at your own risk, taking full responsibility of any actions and / or outcomes. Nothing posted is to be taken as financial advice. The information and opinions presented by this account should not be construed as investment or trading advice, and is not meant to be a solicitation or recommendation to take actionable trading on any asset, cryptocurrency, securities, or any other tradable digital asset.
All content presented is for entertainment and education.
No Financial Advice.
Past performances are not a guarantee of future outcomes and or results: trading involves strategizing probabilities, there are no expectations on any given trade.
Always do your own research and consult a team of professionals from finance and law before proceeding with any type of action in personal finance.
All information provided by this account is a general market commentary and does not constitute investment advice or financial advice. None of the information communicated in this accounts tradingview publishings are financial advice and/or incentives, solicitng, advertising, manipulation tactics, and any other malicious behaviour - no, solely for entertainment purposes ONLY.
RUNE 12h Project Overview and Long-Term Purchase LevelsTHORChain (RUNE) is a decentralized liquidity protocol or, more simply, Defi exchange.
Quite a young project since 2019, but the launch of the main network took place in early 2021.
The cost of the RUNE token should be based on the price of $0.90-1 , exactly this price was before the launch of the main network. And then the RUNEUSDT trading pair grew rapidly to $21
The May correction in the crypto market also affected the value of RUNE, falling by 80% . A lot, but all cryptocurrencies have gone through this. Another question is that not all crypto projects survived after this.
The picture on the RUNEUSDT chart looks pretty positive.
During the entire fall, increased volumes were observed, there are investors who are ready to buy at a lower price.
Given these facts, it is hard to believe that the RUNEUSD price will drop below $4 in the near future, we more believe in a rebound to $8.5
The planned for Q3 2021 mainnet update (DEX cross-chain / ASGARDEX wallet) also adds a positive impact.
However, it is worth keeping in mind an alternative scenario , if the entire crypto market goes significantly lower, then the RUNEUSD price will not hold either. Below $4 per RUNE will open the way for a fall to $1.60.
_______________________________
Since 2016 , we have been analyzing and trading the cryptocurrency market.
We transform our knowledge, trading moods and experience into ideas. Each "like under the idea" boosts the level of our happiness by 0.05% . If we help you to be calmer and richer - help us to be happier :)
🆓THORChain (RUNE) June-24 #RUNE $RUNERUNE is having a strong recovery and is heading towards the $9 and $12 zones.
📈BUY
🔴Buy : 5.85-6.15$ if A
🔴Buy : 4.85-5.15$. SL if B
📉SELL
🔴Sell : 8.8-9.2$. SL if B
🔴Sell : 11.7-12.3$. SL if B
♻️BACK-UP
🔵Sell : 4.85-5.15$ if B. SL if A
🔵Buy : 3.4-3.6$ if A. SL if B
❓Details
🕯Timeframe : 1 Day
📈Red Arrow : Main Direction as BUY and SELL section
📉Blue Arrow : Back-Up Direction as BACK-UP section
🟩Green zone : Support zone as BUY section
🟥Red zone : Resistance zone as SELL section
🅰️A : The Close price of candlestick is Above the zone
🅱️B : The Close price of candlestick is Below the zone
Thorchain (RUNE) • Is this rune powerful enough to buy?In this video I go through some level mapping using trendlines and take observations on volumes and momentum.
Can this go up? Yes
Is it a good time to buy? Check the video for full reasoning.
#RUNE Bullish Scenario after H&S begins to formI had 2 scenarios for #RUNE at midnight 28/05/21, it seems to be that the H&S pattern is forming, I am filling my spot positions with targets highlighted on the chart. Rune fundamentals are very strong at the moment too so I will be keeping my eyes out for any further updates!