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RUNEUSDT trade ideas

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 MasterAnanda
The RUNE engine will restart !It looks like RUNE is completing a diametric in wave X format. With the completion of the G wave, we can expect another upward step from RUNE. We marked the TPs on the chart. If it returns to the green range, you can enter the buy/long position towards the specified TPs. Closing a daily candle below the green range will violate the analysis For risk management, please don't forget stop loss and capital management When we reach the first target, save some profit and then change the stop to entry Comment if you have any questions Thank You
Long
by behdark
2
RUNE ANALYSIS๐Ÿ”ด #RUNE Analysis : โ“๏ธโ“๏ธ ๐Ÿ”ฎThere is a formation of Bullish Pennant Pattern in #RUNE. If the candle closes above the channel then there will be a confirmation of breakout which shows the continuation of bullish trend. We may see a rise in #RUNE๐Ÿ“ˆ๐Ÿ“ˆ ๐Ÿ”ฐ Current Price: $5.415 ๐ŸŽฏ Target Price:ย ย ย  $9.872 โšก๏ธWhat to do ? ๐Ÿ‘€Keep an eye on #RUNE price action. We can trade according to the chart and make some profits. Stay tuned for further analysis and stay updated with market sentiments and news.โšก๏ธโšก๏ธ ๐ŸทRemember, the crypto market is dynamic in nature and changes rapidly, so always use stop loss and take proper knowledge before investments. #RUNEย  #Cryptocurrency #TechnicalAnalysisย  #DYOR
Long
by ZEUS_Market_Alerts
$RUNE - COSMOS Ecosystem Analysis SeriesI will post a series of longer timeframe technical analysis on Cosmos Ecosystem coins. Here is the fourth project in my long term buy list: Rune - ThorChain. I will be adding more RUNE on the dips to my buy zones shown on the chart. Not a lot of people know this but the RUNE token has been developed with the COSMOS SDK and it is an integral part of the Cosmos ecosystem, represents a significant advancement in the world of decentralized finance (DeFi) and cross-chain interoperability. Here are some key facts about the RUNE (ThorChain) project: Cross-Chain Liquidity Protocol: ThorChain is a decentralized liquidity protocol that allows users to seamlessly exchange assets across different blockchain networks without losing custody of their assets. This is a groundbreaking step towards true cross-chain interoperability in the DeFi space. Native Token - RUNE: RUNE is the native token of ThorChain and plays a critical role in the ecosystem. It is used for liquidity, governance, security, and rewards within the ThorChain network. Decentralized and Permissionless: ThorChain operates as a completely decentralized and permissionless network, enabling users worldwide to participate without the need for intermediaries. This aligns with the ethos of blockchain technology, promoting a trustless and open financial system. Innovative Security Model: ThorChain utilizes a unique security model called "Continuous Liquidity Pools" (CLPs), which incentivize users to supply liquidity and thereby ensure the security and stability of the network. Yield Farming and Staking Opportunities: RUNE token holders can engage in yield farming and staking, providing them with opportunities to earn rewards while contributing to the network's liquidity and security. Resilient Against Centralization: ThorChain's design inherently resists centralization, promoting a more equitable and decentralized network structure, which is less prone to manipulation or control by any single entity. Enables Direct Asset Swaps: Unlike many DeFi platforms that require intermediary tokens for swaps, ThorChain enables direct trading between different assets, simplifying the user experience and reducing transaction costs. Community-Driven Development: ThorChain follows a community-driven approach to development and governance, allowing token holders and participants to have a say in the future direction of the project. Focus on Transparency and Trust: The project emphasizes transparency and trust, with open-source code and clear communication channels, fostering a strong and engaged community. Continuous Growth and Expansion: ThorChain is continually evolving, with plans to integrate more blockchains and expand its feature set, demonstrating a commitment to growing and enhancing the DeFi ecosystem. ThorChain's RUNE project stands as a testament to the possibilities of cross-chain liquidity and decentralized finance, showing how innovative blockchain technology can break down barriers and create a more interconnected and efficient financial system.
by CryptoBreakers