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RUNEUSDT trade ideas

RUNE"Bullish Momentum Alert: Buy for Maximum Gains!"**Short Fundamental Analysis of RUNE** THORChain (RUNE) is a decentralized liquidity protocol that allows users to seamlessly exchange cryptocurrencies between various blockchains without intermediaries. It utilizes a novel mechanism called "Cross-Chain Atomic Swaps" to facilitate these cross-chain transactions, enabling users to retain full custody of their assets throughout the process. RUNE, the native token of the THORChain network, serves several crucial functions: 1. **Staking and Governance:** RUNE holders can stake their tokens to secure the network and participate in governance decisions, influencing the protocol's development and future direction. 2. **Fees and Liquidity:** RUNE is used to pay transaction fees and incentivize liquidity providers to contribute their assets to the network's liquidity pools. 3. **Network Security:** The value of RUNE is derived from its role in securing the network and maintaining its integrity. As more assets are staked and more users adopt the protocol, the demand for RUNE increases, potentially driving up its price. **Recent News** * **THORChain Mainnet Beta Version 5 Launch:** THORChain successfully launched its Mainnet Beta Version 5 in August 2023, marking a significant milestone in the project's development. The beta version introduced several improvements, including enhanced security, performance optimizations, and support for additional blockchains. * **Integration with Ledger Hardware Wallet:** THORChain integrated with Ledger hardware wallets, enabling users to safely store and manage their RUNE tokens securely. This integration enhances the security of the RUNE ecosystem and attracts more users to the platform. * **THORChain Bridge Extension:** THORChain launched a web extension for Chrome and Firefox browsers, simplifying the process of bridging assets between supported blockchains. This extension provides a user-friendly interface for seamless asset transfers across the THORChain network. **Disclaimer** Investing in cryptocurrencies is inherently risky, and there is no guarantee of profitability. The price of RUNE, like other cryptocurrencies, is volatile and subject to market fluctuations. Past performance is not a guarantee of future results. Do your own research and understand the risks before investing in any cryptocurrency. **Additional Considerations** * **THORChain is still under development, and there is a risk of bugs or security vulnerabilities.** * **The project's success depends on the adoption of its cross-chain swapping technology by the wider cryptocurrency community.** * **RUNE is a relatively new cryptocurrency with a limited track record.** **Conclusion** THORChain has the potential to revolutionize the way cryptocurrencies are traded and exchanged across blockchains. Its unique cross-chain atomic swap mechanism addresses the limitations of traditional bridges and decentralized exchanges. However, the project is still in its early stages of development, and its long-term success hinges on its ability to attract users, integrate with popular blockchains, and overcome potential security challenges. Investors should carefully evaluate the risks and potential rewards before deciding to invest in RUNE.
Long
by MoonTradingForecast
2
RUNE heads up at $4.62: next landmark for gauging trendAll levels are from a single fib series explained below $4.62 is at a "semi-major" ratio (Goldens are majors). Many exact reactions to these fibs confirm relevance. Beak of this fib would signal end of correction. Rejection here could lead to new local lows. So what happens here will be very telling. Here is a full view of RUNE's Genesis Sequence: See "Related Ideas" below about my methodology. ==============================================
by EuroMotif
RUNE/USDT Downward go to key level or break out the pattern ??๐Ÿ’Ž RUNE has recently experienced significant developments in the market. There is a possibility that RUNE may continue its downward trajectory and test the Bullish OB area around 3.28, with the potential for a significant bounce after reaching this area. ๐Ÿ’Ž However, if RUNE manages to break out of the descending channel pattern without hitting the Bullish OB, it could lead to an upward movement, and there is a chance it will probability attempt to break through the Bearish OB area towards our target. ๐Ÿ’Ž On the other hand, if RUNE fails to show a positive response while at the Bullish OB area and instead consolidates with weak volume, this could be a concerning sign. It may indicate a breakdown of the area, potentially leading to a continued downward movement towards the support area. ๐Ÿ’Ž The support area is critical, and a bounce from this level is necessary to maintain the potential for an upward movement. If this bounce doesn't occur, the price could continue its bearish trend and move lower.
by MyCryptoParadise
โœด๏ธ Thorchain Bullish, 200% & 300% Targets (Name Your Altcoin)Thorchain (RUNE), I have to admit looks pretty good. This time we are looking at a long-term (weekly) timefreame. A major bearish bias is pretty obvious on the left side of the chart, steep down until June 2022. From June 2022 through June 2023 we have one final bearish wave but not as steep as in early 2022, this with decreasing volume with the exception of the Nov '22 through Feb '23 when a bullish wave took place, at this time we can see a volume increase. I mention the volume because we can spot a dynamic of decreasing volume as prices are sideways or going down, while volume increases when prices are bullish/going up; telling us that the bulls have been preparing behind the scenes. Fast forward to August 2023 and we are now in a clear bullish phase, with the current action being a flag/consolidation pattern. As prices trade weekly above EMA50/21/10, we can expect additional growth and since this is a long-term chart, we can expect this growth long-term. By growth I simply mean higher highs and higher lows. ๐Ÿ‘‰ 200% & 300% targets can be found mapped on the chart. Wishing you a lovely Sunday. Thanks a lot for your continued support. Namaste.
Long
by AlanSantana
6
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!
Long
by SwingSamurai_QMA
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. ๐Ÿ”„ 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. ๐Ÿ“‰ 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. ๐Ÿ” 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. ๐Ÿ“ˆ 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. ๐Ÿ’ก 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. ๐Ÿ”ฎ 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.
by AlexWhale
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. โœจโœจ ~๐•ฌ๐–“๐–Ž๐–™๐–† ๐•ฏ๐–š๐–†๐–‰๐–” ๐•ฟ๐–๐–†๐–™ ๐•ฟ๐–—๐–†๐–‰๐–Š๐–— ๐–™๐–๐–†๐–™ ๐–‚๐–—๐–Ž๐–™๐–Š๐–˜
by anitaduado
โœด๏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. โž– This pair is getting closer to a correction. WARNING: Bullish only above the last high ($7.30). ๐Ÿ‘‰ 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.
Short
by AlanSantana