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RUNE

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RUNEUSD trade ideas

Rune channel break out. Observations: On the daily chart, there's a noticeable upward move between January 18th and 27th, followed by a period of consolidation between January 27th and February 3rd. This consolidation does exhibit some resemblance to a flag, but the trendlines aren't perfectly parallel. Volume during the consolidation is not significantly lower than the preceding upward move, weakening the bull flag pattern's validity. Technical Indicators: Relative Strength Index (RSI): Currently at 61, indicating neither overbought nor oversold conditions. Stochastic Oscillator: Neutral, suggesting neither overbought nor oversold conditions. Moving Average Convergence Divergence (MACD): MACD line crossed above the signal line recently, suggesting potential upward momentum. However, confirmation is needed. Possible Future Movement: The recent price increase and positive MACD crossover are promising signs, but the lack of a clear bull flag pattern makes it less certain. Crucial resistance levels to watch include $6.40, $7.00, and $7.50. A decisive break above these levels with increasing volume would strengthen the bullish case. Overall: The RUNE/USD daily chart shows some positive indications, but the potential bull flag pattern lacks confirmation. Watch for price action around resistance levels, volume changes, and further confirmation from technical indicators before making any investment decisions.
BINANCE:RUNEUSDLong
by ParabolicP
RUNE Breakout Anticipations Eyes 50% HIKEBullish Breakout of Pullback Phase: RUNE showcases a bullish breakout from its recent pullback phase's resistance trendline. Challenges Overhead 50D EMA: The recovery rally is now challenging the overhead 50-day EMA, hinting at a potential bull run. Potential to Reach $7.08: If RUNE successfully surpasses the $5 mark, it could escalate to $7.08. Dynamic Resistance from 50D EMA: RUNE is confronting the dynamic resistance presented by the 50D EMA. Indications of an Intense Bull Run: Sustaining above the 200D EMA signals a strong upcoming bull run for Thorchain. Ascending Triangle Formation: An ascending triangle is forming with the neckline at $5, suggesting a possible breakout. Inverted Head and Shoulder Pattern: The pattern, with a neckline at $5, indicates a bullish reversal. Current Trading Price: RUNE is currently trading at $4.64, showing an uptrend with a 1.53% intraday growth. Technical Indicators - RSI: The RSI crossing above the halfway line supports the bullish trend in motion. Possibility of Reaching $10: A sustained momentum above $5 could potentially lead RUNE to $7 and, optimistically, to $10. Risk of Decline to $3.64: Failure to maintain the bullish momentum could see RUNE dropping to $3.64.
BINANCE:RUNEUSD
by Coinpedia-Market-Insight
RUNE Price Looks For A Breakout Run to $10Current Price Action: RUNE showcases a potential double bottom breakout in the daily chart, currently trading around $5.91 with a 3.33% increase. Key Pattern: The formation of a triple white soldier pattern suggests a bullish momentum. Breakout Signal: Breaking past $5.75 could trigger a rapid price surge. Recent Recovery: RUNE's price has risen by 14.55% this week, forming three consecutive bullish candles. Support Zone: A successful retest at the critical $4.96 level, supported by the 50-day EMA and the 38.2% Fibonacci level. Technical Indicators: MACD: Indicates a bullish trend with a recent crossover. EMA: Shows a strengthening uptrend with the 50D and 200D EMAs. Bullish Outlook: If RUNE maintains above the $5.75 level, especially the 23.60% Fibonacci level, a breakout past $6 could pave the way to $10. Downside Risk: A fall below $5.75 might lead to a retest of the $4.96 support level, crucial as it's the 50% retracement level from $3.5 to $5.5. Overall Sentiment: RUNE's current trend and technical indicators point to a positive outlook for 2024, with potential to hit the $10 mark. Investment Consideration: The current pattern and momentum might offer a good entry point for investors eyeing the $10 target.
BINANCE:RUNEUSDLong
by Coinpedia-Market-Insight
IS RUNE Crashing under $4.96 This Week?Bullish Reversal to $6.5: RUNE recently completed a bullish reversal, reaching $6.5 following a triangle breakout rally. Triple White Soldier Pattern: RUNE's price action in the daily chart shows a triple white soldier pattern, typically indicating a strong bullish trend. Potential Breakout to $10: A successful breakout above $6.5 could trigger a rapid rally in RUNE's price, potentially reaching as high as $10. Recent Bearish Attack: RUNE faced a sudden bearish turn this week, leading to a decline in its price, in line with the broader market correction. Testing Crucial Support at $4.96: RUNE is currently testing a pivotal support level at $4.96, aligned with the 50-day EMA and 38.2% Fibonacci retracement level. Current Trading Price: RUNE is trading at $5.511, with a significant intraday fall. Risk of a Potential Crash: If RUNE breaks below the crucial support of $4.96, it risks a further crash, potentially testing lower support levels. Volume Reduction Indicates Market Indecision: A decrease in trading volume suggests market uncertainty and could prelude either a bullish reversal or a bearish continuation. Technical Indicators - RSI and EMA: The RSI suggests a bullish trend, while the EMAs indicate strong underlying demand for RUNE. Critical Fibonacci Retracement Levels: The $4.96 support and $6.5 resistance levels are key Fibonacci retracement levels, pivotal for RUNE's future price direction. Market Sentiment's Influence on RUNE: The broader market sentiment will significantly impact RUNE's price movement, especially in determining its potential to amplify bullish momentum.
BINANCE:RUNEUSD
by Coinpedia-Market-Insight
Can RUNE Rise To $10 In 2023?Bullish Reversal: RUNE marks a bullish reversal hitting $6.5 post a triangle breakout rally. Triple White Soldier: Daily chart showcases a triple white soldier pattern in the RUNE price action. Targeting $10: A potential breakout beyond $6.5 could drive a swift rally targeting $10 for RUNE. Top Performer: RUNE ranks among top performers this week, fueling its remarkable uptrend. Yearly Growth: YTD growth at 194%, exemplifying RUNE's sustained bullish momentum in 2023. Rounding Bottom: 4H chart reveals a rounding bottom pattern, hinting at a potential breakout. Current Price Action: Presently trading at $6.36, displaying a 21.20% jump in the last three days. Technical Support: EMA and RSI indicators signal strong bullish trends, reflecting solid demand for RUNE.
BINANCE:RUNEUSDLong
by Coinpedia-Market-Insight
Will RUNE Lead To A Bullish Break?Bullish Pennant Formation: RUNE displays a bullish pennant pattern in the daily chart, indicating a potential breakout. Golden Crossover Tease: The 50-week and 200-week EMAs hint at a golden crossover in the daily chart, signaling a strong uptrend. Trendline Breakout Projection: A breakout in the weekly chart trendline could propel RUNE price above $10, initiating a significant uptrend. Volatility Near Overhead Trendline: Despite attempts at a bullish breakout, RUNE price remains volatile near the overhead trendline, reflecting ongoing struggles. Weekly Uptrend Challenges Resistance: Weekly trend challenges overhead resistance, hinting at a prolonged bull run despite a 5.43% drop last week. Technical Indicators - MACD & EMA: MACD shows declining trend but minimal bearish gap, while the 50D and 200D EMAs reflect a strong underlying demand for RUNE. Current Price & Intricacies: RUNE trades at $5.31, with an intraday fall of 2.73%, showing volatility close to the overhead trendline.
BINANCE:RUNEUSDLong
by Coinpedia-Market-Insight
RUNE - 1W - 300% increase possibleOn the weekly graph the price is breaking out a Falling Wedge and is moving to the 200 day moving average (purple line). Although there are some small restistance levels visible on the daily graph. These will don’t last long as I can see no resistance levels on the weekly graph till $12. Psychologically the main target could be $10 and max. $12. Which is an increase of 300-400%. Hodl strong and don’t let Influencers fool you with short targets. The Total Crypto Market already broke out of a very important resistance level and is ready to increase up to 2.2T. Focus on the Long Term Horizon. Set your targets and enjoy your time.
CRYPTO:RUNEUSDLong
by Soul_Investments
5
RUNEUSD Testing the 1W MA100. This is how it will reach 5.0000THORChain is rising very aggressively, the same kind it did in early August, naturally turning overbought on the 1D timeframe (RSI = 78.104, MACD = 0.209, ADX = 49.344). In doing so, it reached the 1W MA100 for the first time since May 9th 2022, which is the major Resistance of the new Bull Cycle. The pattern that seems to be standing out is a Channel Up and the current rise is the new bullish leg to HH. Along those lines, we expect a rejection near the +115% mark and pull back to the 0.382 Fibonacci level, where we will place our new buy. Structurally, the target will again be a +115% rise (TP = 5.000). ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
CRYPTO:RUNEUSDLong
by InvestingScope
RUNE - Waiting for another dropHi All - As per my elliott counts Rune is ine wave 2 correction. This could be a complex correction and we would not know it has ended once it has ended. So as of now i see its in the C wave of correction. wave 4 of the C wave looks like a running flat whose wave B is quite complex. I am expecting a drop here. bearish divergence is quite visible. One more 5 wave down now and we can put some bits in. Just my opinion and discussion purposes only. share your counts with me. lets try to steal from market together. Pama
BINANCE:RUNEUSDShort
by usamanasir1985
1
#THORChain #RUNE Long-Term chart analysis#THORChain #RUNE Long-Term chart analysis According to the chart and the wave counter marked on it, the downward trend of this currency is probably over. And we can expect the beginning of its long-term upward movement. But since there is a possibility that we will have more decline ahead, so three entry steps are suggested at the current price of $1.53, then the price of $0.80 and finally the price of $0.40. The primary target of the possible rise is the price of $40 by the end of 2025, which has a good risk-to-reward ratio. The target are: target1: 40$ target2: 99$ target3: 165$ target4: 380$ STOP LOSS: 0.30$ TIME: 1 YEAR
CRYPTO:RUNEUSDLong
by KhaniTechnical
Will RUNE Jump To $2?Rising Channel: RUNE price action is in a bullish channel on the daily chart. 200-day EMA Bounce: A sharp bounce from this level sustains the uptrend. 50-day EMA: A close above this level could pump RUNE to $2.15. YTD Growth: RUNE has a year-to-date growth of 33%. Current Price: RUNE is trading at $1.68. 38.20% Fibonacci: RUNE is testing this crucial level. Long Tail: A long tail candle formation avoids a downfall. Intraday Jump: RUNE has an intraday growth of 2.75%. RSI Status: The RSI is moving sideways, preparing for a bounce back. 20-day EMA: This level provides a cushion for RUNE. Golden Crossover: The 50-day and 200-day EMAs are positively aligned. Resistance Levels: RUNE may face resistance at $1.86 and $2.15.
BINANCE:RUNEUSD
by Coinpedia-Market-Insight
RUNEUSD Megaphone rebound aiming higher.THORChain (RUNEUSD) is testing the 1D MA50 (blue trend-line) as short-term Resistance after a clear-cut bounce at the bottom of the Megaphone pattern and just above the 1W MA50 (red trend-line). This mobilizes the 1W MA levels to come into focus and justifies a short-term (at least) buy towards 2.5000 (top of Megaphone and expected contact with the 1W MA100 (yellow trend-line)). ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
CRYPTO:RUNEUSDLong
by TradingShot
2