RUNE - Increase of 44% possibleRUNE is almost breaking through the Fib. 1.0 level and if the trend is strong enough, the price can increase with approx. 44%.
RUNEUSD trade ideas
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
In-depth analyses of DXY, BTC, ETH and DOTThe markets are brewing some nice trading ideas. Onwards Thorchads!
#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
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.
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)).
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RUNE EMA's crossing upThe RUNE EMA's have crossed to the upside indicating that this crypto could be reversing its trend from down to up. If this is the case, it will have more upside left.
While it has moved quite a bit, the strength it has shown during this last crypto down move is encouraging. RSI is also showing strength and we have a nice slope up on MACD.
There is no telling if we will get a pullback or not, but for a longer-term hold, rune looks promising.
RUNEUSD Rally far from over.RUNEUSD is trading inside a Channel Up, which after the Golden Cross on the (1d) time frame, is supported firmly by the MA50 (1d).
It has already crossed above Falling Resistance (1) of the Bear Cycle and only one remais (Falling Resistance 2) but of course will take time.
The final barrier before that test is Resistance (1) at 3.1500.
Trading Plan:
1. Buy on the current market price and as long as the MA50 (1d) supports.
Targets:
1. 3.1500 (Resistance 1).
Tips:
1. The RSI (1d) has diverged from the typical drop straight to 30.00 after being overbought above 70.00. This consolidation is a formation seen during impressive past rallies for RUNE.
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RUNEUSD Close to making a new 12 month High!THORChain / RUNEUSD is testing yet again Resistance A (1.97500), after after 3 failed attempts to cross over it in the past 6 weeks.
That would favor a bearish move if at the same time the 1week MA50 didn't hold being the Support.
If it closes the week over Resistance A, it will the signal to buy and target 3.5000 (1week MA200). That will be inside the 0.5-0.382 Fibonacci range, a hot zone for the market as it was the long term Support turned to Resistance during the Bear Market.
Expect consolidation inside this range and then another run to 5.000 as the 1week MACD is marginally over the 0 mark, meaning that there is still considerable upside to it.
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RUNEUSD is falling for wave 2 or B. As we can see the completion of 5 impulse waves retracement around fibo 0.5 to 0.618 is expected for wave b or wave 2.
RUNEUSD This Bull Flag can take it to 3.1500 by end of the yearWe last looked into THORChain (RUNEUSD) 3 weeks ago (see chart below) when we called for a pause of the enormous uptrend within the Resistance Zone:
As expected, the price got rejected on the 1.9750 Resistance and pulled-back to the 0.382 Fibonacci retracement level. Needless to say that after breaking above the Falling Wedge pattern, as well as the 1W MA50 (red trend-line), the cryptocurrency has entered a new long-term bullish trend. The very same 1W MA50 has turned into a Support and held twice already (August 18, 16), while the 1D MA50 (blue trend-line) is crossing today above the 1D MA200 (orange trend-line), forming a Golden Cross.
Now the last 1D Golden Cross (February 17) had a bearish outcome but at the time not only was the price below the 1W MA50 but also the 1D MACD failed to form a Bullish Cross. As a result, it the 1D MACD forms the Bullish Cross (which is in course of completing in 2 days), we expect the current consolidation to be just a Bull Flag pattern that will break this time above 1.9750 (Resistance 1) that has been holding since February 02. Our long-term target is 3.1500 (Resistance 2) on the long-term, which is the August 11 2022 High.
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Rune elliott wave analysisaccording to my count there is a possibility for a new bottom. It can happen in late november or early december.
RUNEUSD Major bullish break-out above the 1 year pattern.THORChain (RUNEUSD) broke above the top (Lower Highs trend-line) of the 1 year Falling Wedge pattern (since the August 11 2022). This is a major bullish break-out, considering that the price also broke above not just the 1D MA200 (orange trend-line) but also the 1W MA50 (red trend-line) for the first time since April 26 2022.
As long as the 1.7250 - 1.9750 Resistance Zone holds, we expect a better buy opportunity back on the 0.382 Fibonacci retracement level assuming the 1D MA50 (blue trend-line) supports. The long-term target is 3.15000 (Resistance 3).
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✴️ THORChain [NYA]We have a classic pattern here for RUNEUSDT (THORChain).
The Adam & Eve pattern is a bottom formation and here we can appreciate a break and close above EMA50 as well.
This can both confirms the bottom and pattern as having a bullish breakout.
(Supported by high volume not shown on this chart)
The MACD has gone bullish and the RSI is super strong above 60, daily timeframe.
RUNEUSDT can easily move to 1.90 short-term, medium-term it can go above 5 or even 6 with much more potential available in the long-term.
Namaste.
RUNE TO $18SL: $ 0.7 (IF YOU MUST YOU USE LEVERAGE)
If you want to play this in the short term first exit @
TP1: $ 6
Longer-term spot exit
TP2 : $ 18
RUNE TO $6SL: $ 0.7 (IF YOU MUST YOU USE LEVERAGE)
If you want to play this in the short term first exit @
TP1: $ 6
Longer-term spot exit
TP2 : $ 18
RUNEUSD - Up ChannelRUNE is currently within a large up channel and has poised itself in the middle roughly
A bull breakout is shown in the green bars pattern, this is the continuation of the channel result
Moving Up above the yellow line
i think rune is make bullish pattern CRYPTO:RUNEUSD
i think rune is make bullish pattern we must wait and see
RUNEUSDTAs shown in previous analyzes, the currency is likely to rise by a greater percentage, and currently a downtrend has been broken, and it is expected to be retested, then launch to the shaded area
