THORCHAIN ANALYSIS - Could RUNE Be In A New Bull Market???As you may be aware, I've been closely monitoring the Top 50 cryptocurrencies recently and have formulated several hypotheses aligning with the Bitcoin pattern, based on strict metrics. However, one particular crypto deviates from this trend, prompting me to investigate further. Despite not fitting the established pattern, the inherent pattern suggests significant upside potential—I've even heard predictions of $180, a figure I find plausible. I believe this crypto is poised for a substantial surge, and while I'm not suggesting a long-term trade idea just yet, I wanted to alert you to my observation. If the bullish momentum continues to build, I intend to consider trading it.09:54by AriasWave6
RUNE is going up in the channelRUNE is going up in the channel. 🔵Entry Zone 5.506 - 5.778 🔴SL 5.0699 🟢TP1 6.1010 🟢TP2 6.7777 🟢TP3 8.4198 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.Longby JosephMcKenzie3
Rune another leg up is loading!Rune another leg up is coming $7.7 is near. ●Was expecting Rune to retrace towards the Daily FVG (8 Feb) which would have been the buying area for Rune but Rune was too strong to retrace. ●At current Rune is trading above the Daily FVG(26 Feb), just hold it & upward targets remain $6.488 $7.3 $7.777 swing target. ●In case the 26 Feb Daily FVG is lost then buy Rune at 4.890 & at 8 Feb Daily FVG.Longby Camouflage892
is Gartley here?a possible target to wave D around 3$-2.7$. At point D the pattern is complete. SL at point 0 and upside target to wave A and a 161.8% increse from point A as a final price target.Longby LulusLul664
RUNEUSDTmy entry on this trade idea is taken from a point of interest above an inducement.. I extended my stoploss area to cover for the whole swing as price can target the liquidity there before going as i anticipate.. just a trade idea, not financial adviseShortby Rising33BUpdated 2
RUNEUSDTshort idea on RUNEUSDT taking a sell on the marked supply order block after price takes out inducement (marked as x).Shortby Rising33BUpdated 332
Rune last leg in progress My target is 11 UPCOM:ISH Confluence: Bms for weekly structure via impulsive move Touched first minor -ve OB correction from impulsive move to 0.62 fib I want previous week high to hold, then fly over the rainbow :/ Plan: build my entry between 5-6 Watching 4h price action; entry probably within a 15 god’s fvgLongby firasdxb110
RUNE ANALYSIS🔮 #RUNE Analysis - Support and Resistance 🚀🚀 💲💲 #RUNE is trading around its major resistance zone and #RUNE is trying to retest the zone. If #RUNE breakout and closes above the resistance zone and sustain the higher price, it will indicate a good bullish move and will achieve the next target easily📈 🔖 Current Price: $5.387 ⏳️ Target Price: $6.065 ⁉️ What to do? - We have marked crucial levels in the chart . We can trade according to the chart and make some profits. 🚀💸 #RUNE #Cryptocurrency #Support #Resistance #DYORLongby ZEUS_Market_Alerts5
Rune . Bull needs to show the hornsIf we are actually forming a 12 12 , bulls need to show some power here. Otherwise, this falls into a category of a corrective wave and , i would keep my bias towards the red count, which doesnt have to mean that the pa will nececerily go down, but it is a sign of weakness. by PK_SEND_IT1
RUNEUSDT.1DBased on the given market data, the currency RUNE is currently priced at 5.409 USDT. In terms of technical indicators, the RSI (Relative Strength Index) at different time frames (4h, 1d, 7d) are 64.93, 60.24, and 68.94 respectively. These values suggest that the currency is neither overbought nor oversold. The MACD (Moving Average Convergence Divergence) for 4h, 1d, and 7d are 0.040, 0.160, and 0.752 respectively, which indicates a bullish trend. This is further supported by the Bollinger Bands (Bb) data, with the current price being below the upper band for all time frames, suggesting potential for price growth. Looking at the support and resistance levels, the immediate support level in the 4h timeframe is at 5.224, and if it breaks this level, the next supports are at 4.947 and 4.408. On the other hand, the immediate resistance level is at 5.632, and if it breaks this level, the next resistances are at 5.980 and 6.113. These levels for the 1d and 7d timeframes are relatively higher, indicating a bullish market sentiment. Considering the above analysis, it seems that there is a positive trend for RUNE in the short term. However, as with any investment, it is recommended to consider other factors such as news, market sentiment, and risk tolerance before making a decision.Longby MarsSignals1
RUNEUSDTHi guys The bearish scenario is valid for us as long as we maintain the $6.24 area. In a way, this price zone is our loss limit. Pay close attention to negative divergences. We have now reached a daily resistance zone. What do you think?Shortby BiTBingoUpdated 444
RUNE Approaching level of interestRUNE is currently in short-term bearish trend. I expect a continuation till the support zone at 4.85/4.95, that also fit with the main trendline. It's possible to see a bounce there targeting 5.2 first and 5.5 nextLongby SaliJournal1
Rune! buying opportunity Rune might be going to visit the daily FVG a buy opportunity is comimg again. ●Rune should not lose the Daily FVG, if daily FVG is lose then rune will be going for $4.230.Longby Camouflage891
RUNE Long Opportunity We are seeing a clear picture that Rune in uptrend making Higher-highs and Higher-Lows. As you can see a break and retest of structure on the 12H Chart. Entered Long here because of that. I could be wrong that's why i am using stop loss 😆😅Longby DragonOmarUpdated 2
RUNE/USDT analaysis bullish continuation?Based on the 2-hour time frame, there is evident strength and a positive response from the demand zone. Therefore, I have taken a long position in anticipation of a quick profit. Longby Ener-traders0
RUNEUSDT Bullish Bias(1H Divergence, Long Sentiment, 0.78% Fib)RUNEUSDT price action retraced to 0.78% level with 1H Divergence. Now the open interest/long sentiment is also rising showing price might pull back to making higher highs. Trade Plan (Bullish Bias) SL: Previous LL Entry: Buy Stop previous LH TP: 1:1 risk and reward What do you think, will it work? Disclaimer: Crypto trades are mostly high risk. Always manage your risk decisively. Longby halian2k2
RUNEUSDT Bullish ReversalRUNEUSDT Bullish Reversal: The downward trend seems to be exhausted. Bullish divergence also formed. Take a long position of crossing above the previous prominent high.Longby isaleem100
Potential Long Swing Trade on RUNE USDTClear Indications 1. RSI (15) is clearly broken for a perfect LONG entry on RUNEUSDT 1D 2. 1D trend line is broken, and price is retracing to our Next Entry Zone Entry Criteria 1. wait for the price to retrace for this FIB 38% level, which is our Entry Zone 2. wait for a trend break on LTF (lower time frame) Bonus 3. keep an eye on Volume Spike Stop Loss keep SL below the new Trend line or below 78% Fib, keep moving it with the trend breaking point Target for next 50% Fib level or 2.5RR Longby ama-BeepsUpdated 0
Rune is higher as you think! Be aware and short Rune.. please use logarithmic trend in longterm view. You will see that we arrived to strong supply zone. This levels ware also very high based on time aspect view. Actual trend is over 600% profit under a year. Don’t be naive and don’t buy the top.Shortby Kingofworld951
RUNE/USDT On the Cusp of a Bullish Break from Demand Zone? 👀💎 Paradisers, get set for a lucrative trading moment with #RUNEUSDT, as signs point towards a bullish continuation from a key demand level. 💎 Exploring #thorchain current path, it's encountering resistance at the $6.094 supply level. We're positioned for a bullish turnaround from the demand level of $5.503. Should the price maintain its drive, a strong bullish trajectory is anticipated, setting the stage for another assault on the formidable supply zone. 💎 If the drive behind #RUNE starts to wane, anticipate a bullish resurgence from the established demand at $5.034. The significant liquidity at this level boosts the chances of a bullish push. Yet, a descent below this critical point may signal a shift towards bearish territory. Longby MyCryptoParadise_Simon8
#RUNE/USDT#RUNE The price is moving in a descending channel pattern on a 1-day frame We are about to break the channel upwards and also break the moving average 100 We have buying momentum on the MACD indicator Entry price is 4.65 The first goal is 4.88 Second goal 5.51 Third goal 6.14 Longby CryptoAnalystSignalUpdated 4