Just a quick TA on RuneKeep an eye on the current resistance & trendline. If RUNE is not able to break support on trend-line either it breaks the resistance or not, Long would be the good option.
RUNEUSDT.P trade ideas
RUNE TAKE PROFIT OR QUICK SHORT An explosion that needs to end. I said that I'm still optimistic about this coin, but profit has to be taken somewhere.
Important levels marked, it's up to you how you will enter/exit.
Divergences are slowly showing, but I am of the opinion that we can go even higher for that liquidity
RUNE Overhead Resistance
It may go up a bit higher, but I can see some overhead resistance on the logarithmic chart.
Looking for a retracement to mid $4.
$RUNE to break upper trendline for Double Extension 5th WaveCRYPTOCAP:RUNE price action relates to two impulse 5th wave extension in Elliot Wave.
1. A Typical 5th Extension where the 5th wave stays under the trendline then make it corrective waves, or
2. A Double Extension impulse where it breaks the upper trendline to a max of 261.8% Fib.
Somehow it did however showed some characteristic of Double extension during wave 3, finishing above 1.618% , with wave 5 just under 161.8% of wave 3.
Breaking the upper trendline will confirm its structure.
Moreover CRYPTOCAP:RUNE did retraced a significant amount around 31% after wave 3, and ended in a c-wave failure.
Some caution though, as extended 5th wave will often break the upper trendline only to quickly retrace 61.8% - 95% of the entire 5th wave.
Interesting to see how this will play out as most of the its run is contributed by a great product market fit, by means of cross-chain Decentralized Exchange using Streaming swaps of native BTC, ETH.
Rune can Possibly Rune ManyLooking like a possible Deviation from here on Rune.
Entering a short from here with tight Sl because more upside(around 9.3) is still possible from here if break above.
Shorting because of the RuneBtc pair have to retrace to support(high possibility) and might be quick.
Risk is managed.
Trade type: Risky
Trade Short⬇️
Entry: 6.45-6.50
Tps: Looking for 5.3 and 4.3
Sl holding above 6.55 or clean sl can be 6.6
Risk Reward is good though.
Note: Not a Financial Advice
Rally is overShort Rune with tight StopLost
enter: 6.5$
SL: 6.7$
TP1: 5.3$
TP2: 4.7$
TP3 Long term : 2.8$
max 3X short.
RUNE - Short term Double Top Hello traders,
On a few of the lower timeframes we see a slight bearish divergence forming with our RSI. Where price continues to climb higher but the strength is diminishing.
On top of that we just formed a double top at $6.67. Since this is on the lower timeframe I would not say its the strongest signal, but wanted to put this on your guys radar. If we do see a pull back, the first levels I would be watching for is around the $5.20 level as that would be a retest of our orange symmetrical triangle and also our long-term purple trendline.
RUNE price predictionWatching RUNE rsi slowly descending. Expecting a push up probably around where the support is (blue line).
Bullish scenario though.
If BTC comes down, I expect Rune price to drop lower, perhaps come back to test the top of the parallel channel
RUNE USDTThere is massive liquidity in this currency and it has proven strong and stable, but I think now with any movement in Bitcoin, it will rise 5% to 10%.
RUNE strong breakout from horizontal resistanceRUNE strong breakout from horizontal resistance. It has been retested and ready to run
Title: RUNE/USDT Bullish Continuation PatternTitle: RUNE/USDT Bullish Continuation Pattern
Bias: Bullish
Description: RUNE is consolidating in a bullish pennant pattern after a significant upward move, typically a continuation pattern.
Direction: Anticipate a potential upward breakout.
Entry: A convincing breakout above the pennant's upper trendline, near $5.3892 (24 SMA).
Stop Loss: Below the pennant's lower trendline around $5.4672.
Targets: First target at $5.7602, with a longer-term view towards $7.00 or above.
Caution: RSI nearing the midpoint suggests to wait for a decisive move. Be wary of false breakouts; confirmation with volume is key.
RUNEUSDT (4H) - Bearish reversalHi Traders
RUNEUSDT (4H Timeframe)
Waiting for the downward break of 4.860 support level which will complete a bearish trend reversal pattern to go SHORT. Only the upward break of 6.090 would cancel the bearish scenario.
Trade details
Entry: 4.860
Stop loss: 6.090
Take profit 1: 4.100
Take profit 2: 2.870
Score: 4
Strategy: Bearish reversal
RUNE 3Omins inefficiency RUNE created inefficiency under the 30mins bearish OB and the liquidity need to be grab before our previous long triggered
Good to short from the unmitigated bearish above to 1hr bullish below where our entry point for long is.... Manage your risk and always take profit
Follow for more market update and trade setup
RUNE USDT the journey of getting back-in.I would love to see RUNE go back in these FIB levels. (These fib levels are mine do not get confused or do not chat the proper way of using fib. Because I do not give a single damn about what you are about to tell me, unless you will take time to improve it and share to me then I will be willing to learn)
As I'm analyzing this chart, I see several signals that hint at why a pullback to the 0.886 or 0.84 Fibonacci level is plausible. First, the Fibonacci tool is crucial in my analysis—it provides a roadmap of where prices might find support or resistance. These particular levels are known to act as a magnet for price after a significant move, indicating a natural retracement.
The Heikin Ashi candles, with their smoothed presentation, show a trend losing its momentum, and that's my first clue that a retracement might be on the horizon. Then, I look at the moving averages: the 20, 50, and 200-period MAs. Prices tend to gravitate back to these lines, especially after a prolonged move away from them—it's like an elastic band snapping back.
Now, the Stoch RSI Divergence is especially telling. It's been in the overbought territory with 'R' signals flashing. This suggests that the market's energy is waning, and a reset is due—a dip to lower levels where the market has previously found equilibrium. It's a cycle I've seen repeatedly: a burst of activity, overextension, and then a return to a level that the market perceives as more balanced.
The Smart Money Concepts indicator aligns with this. It suggests that the institutional money, the 'smart money', may be taking profits or repositioning. These players have significant influence, and their actions can signal a forthcoming change in direction.
Combining these signals, I can infer that there's a confluence of factors suggesting a retracement. It's like the market has sprinted up a hill and now needs to catch its breath before deciding on the next move. The 0.886 or 0.84 Fibonacci levels are where I expect the market to find a foothold—if it aligns with the 'smart money' and the Stoch RSI reset, then that's where I'd anticipate a potential rebound or consolidation. It's all about reading the market's language through these indicators, and right now, they're speaking the language of a reset.
RUNE - Fighting Important Structural LevelRight now Rune is battling our purple trendline of resistance. This has been a trendline that was established over two years ago! If we are able to stay and close above this trendline we should see continued price movement towards the fib levels outlined. If we fail to maintain this level we will see a fall to the $2-3 level.
runeCurrently, it is moving between the green and red boxes. If it crosses any of the boxes, the lines will be activated
RUNE Bullish OB with bullish divergence RUNE looking bullish on 1hr TF
RUNE is currently creating bullish divergence on 1hr TF with unmitigated bullish OB below on 1hr TF
Wait for entry and take a good entry for long from there
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RUNE buying zones ( investment only , for the next bull run).i see this buying zone for RUNE :
1- 1.3$ - 0.9$ (dca)
2- 0.67 -0.45$ , is the final support zone , its highly unlikely to be reached , because the first one is very strong support zone , you can enter 30% in the first zone and 70% in this zone .
Notice : as we are right now , 21-17k BTC range , every one can begin to accumulate their desirable tokens , for example 30% now and the rest when prices reached the area mentioned , because the market is a guessing game , no one know exactly what would happen . its okay to start DCA now , because we are already +80% down from almost all ALTS ATH . I want to point out , that the price could go even lower than the zone mentioned , however , as i mentioned before , from here every one can start DCA , no one could catch the real bottom unless he has a time travel machine .
strong supports zones are indicated in red .
lines in red are ichimoku kijun support lines (daily ) . you can use them to help you with DCA
Of course this study , is valid only when we still do not have any good fundamental news for crypto , and by that i mean , eth pos , btc spot etf only .
macro economy factors such as inflation and recession would lead to move deeply from support zone to another .
Not a financial advice .
