RUNEUSDTRune Bounce Back from its Previous Support on Daily TF. As MSB(MArket Srtucture Break) is also happend in internal Structure on Daily TF.
Descending Channel is formed. If Rune Breakout this channel with strong volumn, then we can expect upside movement toward its SR (Support Resistance) Level.
RUNEUSDT trade ideas
#RUNEUSDT#RUNEUSDT
CRYPTOCAP:RUNE
Sometimes the market presents itself so cheap, we moving as expected, slowly but surely, expecting more pump on this coin
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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.
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.
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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.
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 fvg
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 #DYOR
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.
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.
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.
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