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RUNE / TetherUS PERPETUAL CONTRACT

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RUNEUSDT.P trade ideas

RUNE Breaking Out!A week ago, I posted the article below that discusses RUNE's potential breakout. Today, the token makes its first attempt. RUNE is already up 7%, pumping above the long-term trend line. If it a) can confirm the breakout and b) the markets continue bullish, we could easily see RUNE pumping 150%! Remember, this pattern has formed for almost half a year. Accordingly, a confirmed breakout is a massive bullish sign. As always, don't get too excited. We are on the daily chart and don't have to rush. Especially when aiming for big gains, it is most important to close the candle above the downtrend on the daily chart. Let's see what the day brings!
Long
by ben_walther
RUNEUSDT.4HThe chart you've presented for RUNE/USDT on a 4-hour timeframe offers a clear perspective on the price dynamics of Thorchain (RUNE) against Tether (USDT). Here's my detailed analysis based on the information available on the chart: Current Situation Price Level: RUNE is currently trading at $3.865. Recent Price Action: The chart depicts a declining trendline from past highs, followed by a period of consolidation. Recently, there seems to be a slight upward movement. Support and Resistance Levels Resistance Levels (R1 and R2): R1: $4.528 R2: $3.106 Support Levels (S1 and S2): S1: $3.106 S2: $2.545 Technical Indicators The chart does not explicitly show the MACD or RSI indicators, but the price action near the support and resistance levels can be used to gauge potential movements. Analysis and Conclusion From my analysis, RUNE is currently testing the lower boundary of its recent price range. The level at $3.106, which acts both as a support and lower resistance level depending on the price’s position relative to it, is crucial. The current trading price near this pivot suggests that RUNE might either stabilize around this level or attempt a breakout. Trading Strategy Bullish Scenario: If RUNE breaks above the $3.106 resistance-turned-support with convincing volume and market sentiment, it could target the next resistance at $4.528. This movement would likely require broader market support or positive developments specific to Thorchain. Bearish Scenario: A breakdown below the support level of $3.106 could see RUNE testing further lows towards $2.545. A breach below this second support could intensify selling pressure, possibly leading to steeper declines. Final Thoughts It's crucial to monitor RUNE closely around these key levels. Setting stop losses just below support levels for long positions can help mitigate potential losses in the event of a downward break. Additionally, any trader should remain vigilant to changes in overall market sentiment and updates within the Thorchain ecosystem, as these can significantly influence price actions. Always align trading decisions with personal risk tolerance and market conditions.
Long
by MarsSignals
RUNE — Breaking This Pattern Can Send It HIGH!RUNE has been trading in a falling wedge pattern since April. The wedge is a chart pattern formed by converging downward-sloping trendlines. What's so interesting about a falling wedge? It is considered a strong bullish sign 💪 This might sound strange if you look at the chart and see a constant downtrend. However, breaking out of this pattern to the top usually ignites a massive pump. This is especially true if a pattern has formed over a longer timeframe. Just like in RUNE's case! Watching the trendlines is essential in this case. Although the pattern narrows, RUNE can still bounce back and force a couple of times.
Long
by ben_walther
Rune - Swing trade idea for next week If you read my previous analysis you would know how I traded Rune over the last weeks and it played out perfectly :) Now I believe we see one more drop into 3$ today or at the beginning of next week. As is stated, it will just be a swing trade as I believe Rune will eventually go to 2$ coming months. There is no further explanation as the chart speaks for itself, I don't know what's going on behind the scenes for Rune, I just care about the chart, that's it :) Stay safe!
by TV288
$RUNE: simple head and shoulder pattern: buy zone for longCRYPTOCAP:RUNE is an established DeFi protocol that works and is solid, based on its own blockchain, Thorchain. No token unlocks, all tokens are vested, making it relatively safe from rug pulls. However, like many other altcoins, it has been overheated and is undergoing a drastic cooldown. This pattern is a classic one, easy to identify, and therefore the target is below the neckline at $2 or less. It looks very low, but if you look at the Weekly MACD, you can see that it is not oversold and needs more downside to reset before a reversal. Even if it bounces because CRYPTOCAP:BTC has another pump, the chart pattern suggests not buying above this zone as it would go against the chart theory. Do what you want, but I have put my buy order in the green zone, which guarantees me a significant profit if it gets filled. If not, I will buy another coin. Always do your own research (DYOR). This is not financial advice; I am just articulating what the chart indicates. It is up to you to make any informed decision based on that.
Long
by CryptoNikkoid
3
Trading Signal For RUNEUSDT Trading Setup: A Trading Signal is seen in the RUNEUSDT THORChain (4h) (futures) Traders can open their Buy Trades NOW ⬆️Buy now or Buy on 4.600 ⭕️SL @ 4.185 🔵TP1 @ 6.000 🔵TP2 @ 7.350 🔵TP3 @ 9.535 What are these signals based on? Classical Technical Analysis Price Action Candlesticks Fibonacci RSI, Moving Average , Ichimoku , Bollinger Bands Risk Warning Trading Forex, CFDs, Crypto, Futures, and Stocks involve a risk of loss. Please consider carefully if such trading is appropriate for you. Past performance is not indicative of future results. If you liked our ideas, please support us with your likes 👍 and comments .
Long
by pullbacksignal
1
RUNE perfomance in last 9 months to 2024We have seen a sharp decline in altcoins recently. Including RUNE. Looking at the whole process, RUNE had a strong price increase and then fell again. What are the buying and selling points? With the S1-TM strategy, we had 68 closed orderss, with a net profit of ~240% (including commissions). This is quite good for autotrade. NOTE: This is my personal opinion on this strategy. This is not investment advice!!!. The market always has risks and opportunities. Please consider carefully before making any decision!
by steadforwardx
Multiple Pattern analysis on RUNEUSDT 30m chart. Chart Analysis: RUNE/USDT Pattern Formation - Symmetrical Triangle: The chart shows a symmetrical triangle pattern (green dotted lines), indicating potential price consolidation before a breakout in either direction. - Ascending Channel: The green trendlines form an ascending channel within the broader symmetrical triangle, suggesting a bullish bias in the short term. Volume Profile Analysis - High Volume Nodes: - Significant volume is concentrated around the 4.740 level, suggesting strong trading interest and potential support/resistance zones. Price Action Analysis 1. Top Right (1-Month Candle Chart): - Trend: The monthly chart shows an overall uptrend with higher highs and higher lows. - Candlestick Patterns: Recent monthly candles are predominantly green, indicating sustained bullish momentum. 2. Mid Right (2-Week Candle Chart): - Trend: The 2-week chart shows a continuation of the uptrend, with the price consolidating near recent highs. - Candlestick Patterns: Recent candles are mixed, but the overall trend remains bullish. 3. Bottom Right (Weekly Candle Chart): - Trend: The weekly chart shows an upward trend, though recent candles indicate some consolidation or minor pullback. - Candlestick Patterns: Recent green candles suggest potential continuation of the bullish trend after consolidation. Disclaimer This analysis is provided for informational purposes only and should not be considered financial advice. Trading financial instruments involves risk, and you should perform your own research and analysis before making any investment decisions. Always consult with a professional financial advisor.
Short
by TJalam
RUNE — One Resistance To Break Before We Can Go For 33% RunRegardless of the indicators and patterns you check, RUNE seems ready for a massive run that could quickly hit a target of 33%. Bullish Ichimoku Setup 🎎 First of all, RUNE has printed a bullish Ichimoku setup. - Yesterday, it bounced perfectly from the lower cloud support line and quickly pumped back above it. A break out above the cloud is rated as a strong bullish sign. - The cloud itself shows a perfect uptrend. - Additionally, we are close to a bullish Tenkan/Kijun cross in the cloud — another bullish sign. - The only con: The future cloud is currently red. However, this can change quickly. Cup & Handle Pattern ☕️ (see attachment 2) Besides the bullish Ichimoku, RUNE printed a cup & handle pattern. The pattern had its low at ~3.15. Accordingly, the profit target (once we break the neckline) sits at ~6.5 Entry Trigger 🔫 The final entry trigger is a close above the neckline and resistance at ~4.85. A close of the daily candle (and preferably confirmation), and we should be ready. Profit Targets & Stop Loss 🏆 Based on chart resistances, I would choose 3 profit targets, realizing 10%, 20%, and 33% gains. The stop loss can be placed slightly below the upper cloud support line (~4.65), resulting in an overall risk/reward ratio of 7.5.
Long
by ben_walther
Massive Opportunity: Will RUNE's Breakout Ignite a Bull Run?Yello, Paradisers! Are you ready for the next big move in #RUNEUSDT? Price has seen a pivotal key resistance reclaimed & its holding it strong—time to see where it's headed next! 💎#RUNE has recently reclaimed a pivotal key resistance, and since then, a significant push to the upside is underway. However, the price is currently approaching several resistances. Holding onto the minor support level of 4.30 is crucial for maintaining bullish momentum. 💎Resistance at 5.15 is critical as it also holds the daily EMA-200. A decisive move above $5.15 could unleash a powerful bull run, potentially unleashing bulls towards the levels of 5.85 and 7.28. 💎Meanwhile there is minor support positioned at 4.30. This minor support holds both horizontal as well as dynamic support from the EMA-50. Any dip into this region could be an excellent opportunity for sidelined bulls to add fresh positions. In case of a deeper pullback, $3.90 level offers strong support. Paradisers! be disciplined with your trading strategy, and keep mastering your willpower. MyCryptoParadise iFeel the success🌴
Long
by MyCryptoParadise_Jack
2
RUNEUSDT.1DBased on the provided chart of RUNE/USDT (Thorchain against US Dollar Tether), here is an in-depth technical analysis: Current Price Action: As observed, RUNE is currently trading at $4.718, following a recent upswing from lower levels. The price movement since May shows a bearish trend, culminating in a sharp decline, followed by a recovery phase that is currently underway. Key Levels on the Chart: Support (S1) at $3.818: This level acts as the primary support, where we observed some buying interest that propelled the price upwards. Resistance 1 (R1) at $5.676: This level previously acted as support during the downtrend and may now serve as resistance. Resistance 2 (R2) at $6.639: This is a higher resistance level, marking the peak before the recent significant decline. Technical Indicators: MACD (Moving Average Convergence Divergence): The MACD line (blue) is above the signal line (orange) , indicating bullish momentum. This suggests that there might be potential for the price to move upwards towards the resistance levels. RSI (Relative Strength Index): The RSI stands at 61.02, which is in the upper range of neutral. This positioning indicates increasing buying momentum, yet still shy of the overbought territory, which would signal potential pullbacks. Analysis and Strategy: The price structure and the recovery hint at bullish undertones in the short to medium term. Traders should monitor for a solid breakout above the immediate resistance at $5.676, which could open the path towards $6.639. The strategy here would involve setting buy orders on dips near the support level at $3.818, accompanied by stop-loss orders just below this support to minimize potential losses. The approach to the higher resistance levels should be cautious. Should RUNE approach $5.676 and show signs of stalling or reversing (e.g., bearish candlestick patterns or divergences on the RSI/MACD), it might be prudent to take profits or tighten stop-losses to protect against a downward correction. Conclusion: This chart presents a favorable setup for bullish trades, especially if the price maintains its momentum and clears the $5.676 resistance. However, the volatility of RUNE necessitates rigorous risk management, given its sharp price movements historically. Keeping abreast of broader market sentiment and news specific to Thorchain could provide additional clues to future price directions.
Long
by MarsSignals