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RUNE / TETHER Standard Futures

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RUNEUSDT.PS trade ideas

RUNE USDT: SOLD ALL OF MY RUNE... I sold my first 50% on my previous chart that I failed to gauge the right top. Now, here I am again thinking that this will be the top. Relatively it is. More on sentiment reasons. I will not explain further, since the explanation are very much the same with the previous chart I did. Here it will be just a bit more detailed and applied with sentiment. SOLD 6.9 I just find it funny, and related to the fibs. Tried to drag it further while still respecting the levels. Thank you. PS: I added Trend line. I will short accordingly.
Short
by osodatsismoso
$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.
Long
by buckh28d
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
Short
by ROBO416
2
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.
by VIAQUANT
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.
by SpyMk
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.
Short
by osodatsismoso
3