RUNEUSDT.P trade ideas
Rune Spot IdeaIt seems rune will sweep the weekly low and fill some orders from 3.5-3.3 area before a bounce to 4.2 area. Will be dcaing my spot bag for rune as per chart.
RUNE/USDT - Primed for a Bullish Surge Post 46% RetracementHello, TradingView community!
I'm excited to share my analysis on RUNE/USDT, which has recently caught my attention due to its remarkable 600% surge in the past few months, followed by a significant 46% retracement. Now, we're at a pivotal point that could signal the next big move for Thorchain (RUNE).
Technical Analysis:
Massive Rally and Retracement: RUNE has shown an impressive growth of 600% over recent months, demonstrating strong market interest. However, this rally was followed by a 46% retracement, which is a common occurrence in volatile crypto markets.
Key Reversal Indicator: The condition for a bullish reversal is a daily close above the critical level of $4.2. This level is crucial as it may confirm the end of the retracement and the start of a new bullish phase.
Chart Patterns and Indicators: Pay close attention to chart patterns and technical indicators for further confirmation of a potential upward move.
Fundamental Analysis:
Thorchain's Unique Value Proposition: Thorchain (RUNE) offers decentralized liquidity and allows for cross-chain token swaps without wrapping or pegging. This unique feature addresses a significant pain point in the DeFi space.
Growing Ecosystem: Thorchain's continuous development and growing partnerships are strengthening its position in the DeFi market. For more details, visit Thorchain's website.
Community and Developer Activity: A vibrant community and active development are key indicators of a project's health. Thorchain's consistent progress on these fronts adds to its long-term bullish outlook.
The combination of RUNE's technical setup and the robust fundamentals of Thorchain present a compelling case for a bullish outlook in the coming months. As always, keep an eye on broader market trends and news that may affect the crypto space.
P.S. Are you looking to sharpen your trading edge? For anyone craving more precise signals, exact entry points, and well-calculated stop-loss levels, Contact me for more information
Happy Trading!
Rune is bottoming out in this descending channelRune is hitting support zones at the 4 dollar mark with a even strong support at 3.5 dollars.It is currently being supported but the 10 week EMA. Potential to accumulate for a long till the top of the channel or for long term buy and hold. As a project, RUNE's cross chain liquidity remains an extremely valuable utility despite not being one of the main naratives of this bull cycle.
RUNE - Huge Downtrend Breakout ! THORChain (RUNE) has been entrenched in a substantial downtrend since May 2021, consistently forming lower lows. Recent price action, including a retest of the downtrend line, suggests a potential shift in market dynamics. The expectation is for a retracement to the support zone, coinciding with the 0.5 Fibonacci level, before a potential upward move.
๐ Prolonged Downtrend Analysis:
The extended duration of the downtrend indicates persistent bearish sentiment in the RUNE market. Lower lows have been a consistent feature, reflecting the dominance of sellers. Each attempt to rally has been met with resistance, leaving a trail of lower highs.
๐ Retesting the Downtrend Line:
The recent retest of the downtrend line signifies an important technical event. The fact that the downtrend line held as resistance suggests its continued relevance. This event highlights the importance of the downtrend line in influencing price movements.
๐ Anticipating a Reversal:
The expectation of a retracement to the support zone aligns with the broader technical analysis. A move towards the 0.5 Fibonacci level, coinciding with a key support area, could serve as a crucial juncture. The convergence of these factors increases the likelihood of a potential reversal.
๐ Potential Scenarios:
Retracement to Support: A retracement to the support zone, especially the 0.5 Fibonacci level, would align with historical patterns and provide a potential springboard for a bullish reversal.
Confirmation of Support: Traders should closely monitor the price action in the support zone for signs of confirmation. Increased buying interest, reduced selling pressure, and the establishment of higher lows would be positive indicators.
Upside Momentum: A successful bounce off the support zone could signal the beginning of an upward move. Confirmation of a break above the downtrend line and higher highs would strengthen the bullish case.
๐ก Trading Strategy:
Traders considering RUNE should exercise caution and await confirmation of a potential reversal. Entering a position at or near the support zone, with a clear risk management strategy in place, can help mitigate potential losses. Stop-loss orders below key support levels are advisable.
๐ฎ Future Outlook:
While the technical analysis suggests the possibility of a reversal, traders should remain vigilant and adapt their strategies based on real-time market data. The cryptocurrency market is known for its dynamic nature, and unexpected developments can influence price movements. A successful reversal would require sustained buying interest and a break above key resistance levels to validate a new bullish trend in THORChain.
RUNE/USDT BINANCE:RUNEUSDT
Local Long ( Buy stop limit 4.2$)
All targets are indicated on the graph.
- Risk 0.5% on deposit
- R/R 1/2 - 1/4
P.S (This is not an investment recommendation, this is my personal opinion.
runeIt provides us with opportunities to buy, but I find it appropriate to make a safe purchase in the following points
RUNEUSDT: Bullish TrendRUNEUSDT is forming bullish divergance on 1hr time frame, and also touch the trendline its best time to buy the rune, so we wait for the break out of privious LHs to confirm the bulish trend and take new long entry.
Rune Long Term AnalysisRune (Thorchain) is pulling into my accumulation zone again. Any dips below 3.95 is a buy the dip.
3.95 to 3.57 zone is an accumulation zone. This is a weekly chart so we may be in sideways and down trend a little while before we bounce.
RUNEUSDT - Possible setup.Observing the RuneUSDT pair within a descending channel, a double bottom pattern has emerged, accompanied by bullish divergence. Consider initiating a buy position if the price surpasses 4.360, setting a stop loss at 4.0, and targeting the first take profit level at 4.680.
BTC UPDATE The bullish momentum on higher timeframes is currently losing strength.
However, the lower timeframes show an oversold market with the potential for forming a departure leg.
Once this leg is complete, a short-lived bullish move is expected in the coming weeks. And the price will likely range between $40k and $43k.
If the price breaks support at $40,275, a retest at $36,748 may occur.
Alternatively, a breakout from $43,423 could lead to a retest of $48,840 before a potential reversal.
Remember to be cautious during choppy market conditions and consider staying on the sidelines.
Trading isn't mandatory every day, and preserving gains is crucial.
Happy weekend, tribe. โจโจ
~๐ฌ๐๐๐๐ ๐ฏ๐๐๐๐
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RUNE correction - where to buyhi traders
Rune has been correcting since the top on 3rd of December.
I believe that it will correct even more before resuming an uptrend.
Buy zone: 2,70 -3 $
target: 6,40 -6,70$
MACD looks bearish, increasing negative momentum and signal lines below the histogram is not what bulls want to see here.
Do you agree?
RUNE - God of the pump - PART 2RUNE - God of the pump - PART 2
part 1 (linked) was a 5-6x bagger.
Been under the radar even though it outperformed almost everything. Which means most didn't have a bag initially. Thats good.
"selling your winners and holding your losers is like cutting the flowers and watering the weeds."
Peter Lynch
LFG
โด๏ธ ThorChain | Better Safe Than SorryOne last hurray?
One last jump?
The final jump?
Or simply a bull-trap?
Notice how here Thorchain (RUNEUSDT) still trades within a lower high... This is true for Solana, XRP, ADA and many other major Altcoins.
โ This pair is getting closer to a correction.
WARNING: Bullish only above the last high ($7.30).
๐ Any trading below this level and high potential for a correction is active (going down).
Better safe than sorry.
We like those that are trading low/near support. Once they are high up, it becomes too risky.
Buy low, sell high.
Namaste.
Rune Falling wedgei share this trend, before 1month and people were joking well you can see it how it is following the pattern.
It might get drop to 4$
RUNE long hello Traders, here is the full analysis for this pair, let me know in the comment section below if you have any questions, the entry will be taken only if all rules of the strategies will be satisfied. I suggest you keep this pair on your watchlist and see if the rules of your strategy are satisfied. Please also refer to the Important Risk Notice linked below.
Next target for RuneRune is in a re-accumulation phase, based on the Fibonacci extension golden ratio my next target is around $18
RUNEUSDTHello dear friends
Considering the maintenance of the $4.35 support area, we expect price growth.
On the chart for us LL is not formed.
With the consumption of the orange range ($5.9547), we get a confirmation for the uptrend.
What do you think?
The RUNE engine will restart !It looks like RUNE is completing a diametric in wave X format. With the completion of the G wave, we can expect another upward step from RUNE.
We marked the TPs on the chart.
If it returns to the green range, you can enter the buy/long position towards the specified TPs.
Closing a daily candle below the green range will violate the analysis
For risk management, please don't forget stop loss and capital management
When we reach the first target, save some profit and then change the stop to entry
Comment if you have any questions
Thank You
#RUNEUSDTA possible bullish continuation, expect the movement to clear the liquidity above and maybe a retest and further pump.
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RUNE has formed H&SRUNE has formed Head and Shoulders patterns which is usually the more sell orders. And it's below the neck line. EcomillionaireTrend also turns Grey. I would wait for purple/bearish to short. Keep also in mind that BTC.D is down which means BTC money flows to ALTs.
RUNEUSDT Long PositionLONG Position
Signal Validity: 3D
Order Price: 4.579
TP: 5.26
SL: 4.139
CROSS 3X
2% Capital
Risk/Reward Ratio: 1.55
