RUNE 2 countsYellow count represents wishfull thinking. IT would look like an absolute beast of an impulse.
THen we could prepare for the potential pullback and set our longs.
Red count would be more realistic.
While red ii took time to correct, wave iv was just a consolidation.
Cant be sure of the actual count so i provide both...
Will update
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RUNEUSDT trade ideas
Rune Futures | Possible Short Position In my opinion, the recent rises are nothing but a new correction wave and the forced removal of old bears from the system to make room for new bears.
A Short position should work perfect if we could reach the area between 1.7 & 1.8
And we can book some profits starting from 1.555
RUNE/USDT probably +12%?I saw a lot of buying pressure in the past few days, and the trend still appears to be bullish.
Order Book also shows that there are a lot of long orders where the green box is, and very less sell orders. I don’t think that we will go past the TP3, but like I said there aren’t many sell orders, so the trend might continue.
RSI is also looking great, and I expect RUNE to go up even more in the upcoming days.
If you decide to open a position I don’t recommend doing it on Futures because the market has been very volatile.
Triangle Breakout Signals Bullish Momentum for RUNEUSDT💎 Since its low in June, #RUNEUSDT has demonstrated impressive strength, boasting a remarkable 140% price surge. This performance places it among the top performers in recent times. Notably, the price journey broke free from a descending channel, catapulting from $1 to the psychological resistance at $2.
💎 Following this substantial upward move, a consolidation phase ensued. During this period, #RUNE established robust support at $1.385, corresponding to the 38.2% Fibonacci retracement level. Within the confines of this consolidation, a triangle pattern took shape. Recently, #RUNE decisively breached the upper boundary of this triangle, signaling a robust bullish sentiment.
💎 Simultaneously, the breakout extended beyond the confines of the previous descending channel. This demonstrated a compelling surge in buying pressure. As a result, it's reasonable to assume that the overall trend remains bullish. According to Elliott Wave theory, there appears to be potential for at least one more upward wave.
💎 Evaluating the factors at play, including the strength of the preceding uptrend, the presence of trendline resistance, and the 161.8% Fibonacci retracement level, we can anticipate #RUNE's next move. There is a high probability of #RUNEUSDT aiming for the $2.434 resistance area in the near future.
💎 Nevertheless, Paradisers, it's essential to remain prepared for potential range-trading and even short-term pullbacks before the uptrend fully resumes. Given the recent pace of growth, any uptrend resumption is likely to be relatively swift.
RUNEUSDT → A retest of resistance could break the line BINANCE:RUNEUSDT gives us new prerequisites for further strengthening of the price. Another resistance retest is forming, which can break this zone on the background of local BINANCE:BTCUSD growth
Several key elements are marked on the chart. The descending wedge, resistance retest, pre-breakout consolidation - all this can be regarded as a complex signal for a breakout of resistance. On the background of bitcoin's local strengthening, which occurs after breaking out of resistance, this could date a chance for RUNE and in such a case, the price when breaking through the indicated line could head towards 3.04 and give us almost 60% net move.
The moving averages formed a strong signal a few days ago, which could be confirmed soon when the price breaks the upper boundary of the range
Support levels: 1.722, 1.433
Resistance levels: upper boundary of the wedge, 1.942, 2.015.
I expect that on the background of the next retest of the trend resistance the price may break it and start an active phase of strengthening towards 3.040
Regards R. Linda!
Breakout by Breakout | Long BiasWeekly Chart
Wait a breakout and close above 1.9 that's confirm for next bullish up to 3.1
Chart 4H TF
RUNE is trading around 1.82x it closed above 1.72 and moving up to 2
RUNE can go up and down in range 1.7 - 2 awhile before breakout, so this time for collect part by part.
Time will tell
#RUNE/USDT 1D (ByBit) Descending trendline fakeoutTHOR Chain is about to print an evening star deviation and RSI looks overbought, seems likely to retrace down to 200MA support.
⚡️⚡️ #RUNE/USDT ⚡️⚡️
Exchanges: ByBit USDT
Signal Type: Regular (Short)
Leverage: Isolated (3.2X)
Amount: 5.0%
Current Price:
1.649
Entry Targets:
1) 1.727
Take-Profit Targets:
1) 1.292
Stop Targets:
1) 1.945
Published By: @Zblaba
CRYPTOCAP:RUNE #RUNEUSDT #ThorChain #DeFi
Risk/Reward= 1:2
Expected Profit= +80.6%
Possible Loss= -40.4%
Estimated Gaintime= 4-6 weeks
thorchain.org
Brief Analysis——RUNEThere was a significant increase in RUNE some time ago, with the price rising from 0.92 to 2, almost doubling. The current price remains fluctuating above 1.4. Let’s make a brief analysis on RUNE today.
At the daily level, you can find that RUNE has been volatile after its rise in early August, and the price seems to start a new round of rise at a certain point.
However, judging from the signals given by the WTA indicator, whales participated in the initial rise, but gradually decreased during the subsequent fluctuation, until retail investors contributed all participation. This is not a good phenomenon. Continued fluctuation may mean that whales are continuing to take profits and close the position.
Switching to the 4h level, we can see that the whales have shown signs of reduction during the previous rise. In the green box, the giant whale seems to disappear all of a sudden. Although the RUNE remain rising, the whale has begun to take profits here. During the subsequent fluctuation, the number of whales was low.
What the WTA indicator reflected in the two cycles tells us that the whale has taken profits after raising the price. The rise may be coming to an end.
Disclaimer: Nothing in the script constitutes investment advice. The script objectively expounded the market situation and should not be construed as an offer to sell or an invitation to buy any cryptocurrencies.
Any decisions made based on the information contained in the script are your sole responsibility. Any investments made or to be made shall be with your independent analyses based on your financial situation and objectives.
RUNE/USDT 4H - Extension Breakout SHORTI've been looking at RUNE, After being able to set what seems to be a pretty good range, I'm going to wait for that Fibonacci extension to see how to price reacts at that zone.
-We have a juicy node that matches that 4h level
-Breakout seems playing well, currently looking for support trendline after breaks
-Waiting for the same reaction in BTC, that might be delayed
*Could be.. retest of the POC to jump to that 4h level.
THORCHAIN RUNE: Is It Going to Dump Hard?BINANCE:RUNEUSDT has been on my watchlist for a while, and based on this analysis, I have a bearish sentiment on RUNE.
Let us see how this will play out in the next couple of days.
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Cheers!
ThorChain - RUNEUSDT.PAs you can see in the chart, we see an insane rise, but I think this rise is now over, I share the analysis in the daily time frame, but I will share the H4-H1 images from it, you can make your own analysis and take action, your priority is to use stop, strong needles can flake your money.
Reversal Pattern, chance to buyChart 4H TF
BINANCE:RUNEUSDT has broken up and gone up to resistance zone around 1.62
Chart 1H TF
It's broken down ascending trend line and trading at 1.58x now.
I figured out some good signals for reversal
- Reversal Pattern: Head Shoulders
- ChOCh at 1.57
- Strong Resistance Zone around 1.6x
- Fake Breakout
So I expect price will down to support zones at 1.56, lower 1.52
Wait and see what happen