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RUNE / TetherUS

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RUNEUSDT trade ideas

[Altcoin] RUNE Perspective - Weekly Timeframe - September 4, 202Context: After breaking out in a Falling Wedge Reversal (FWR) pattern, the price is currently in the process of back-testing a new support area (break-out area around 1.19x). It's also pulling back towards the EMA-20 line, forming a Decrease Triangle Reversal (DTR) pattern. This week's closing candle is a shooting star with a long upper shadow and a small body. Trendline / EMA: The price is following the DTR pattern in the current price range to retest the FWR pattern, with the Trendline back-test approximately 20% away and EMA about 10%. Additionally, the price is forming a temporary support around 1.3x, which is providing some stability. RSI / MACD / MFI: These three indicators are showing a declining trend, having formed peaks and moved sideways while the price is retracing. However, they still remain relatively bullish. Analysis: After more than a year of sideways movement (from May 2022 to August 2023) within the Falling Wedge pattern, the price has finally broken out. Based on the current technical indicators, the likelihood of an upward trend persisting is high. However, from the current price range, there is still a possibility of a further 10-20% decline before resuming an upward trajectory.
Long
by OxTGI
RUNE/USDT is Ready For a Potential Correction | RUNE Analysis💎Paradisers, turn your attention to RUNE/USDT. Currently, it's meandering within a falling channel, and we're on high alert for a possible downward breakout in the near future. 💎If this breakout unfolds as we expect, prepare for a swift corrective movement. 💎It's important to highlight the two verified order blocks in the shorter time frame. These zones are probable targets for the THORChain (RUNE), considering the liquidity present there. 💎Reflecting on past trends, we saw a transition from a demand to a supply zone, resulting in a significant price drop and targeting the previous Order Block (OB). 💎In the ever-evolving landscape of crypto, staying vigilant and flexible is essential. Keep those charts refreshed and stay tuned for more updates! 🌴
Short
by MyCryptoParadise_Simon
Thorchain RUNE: Looks Like It Will Dump Hard?The most anticipated news about BINANCE:RUNEUSDT is the L1 Lending Protocol, and this news was released on the 20th of August. If you look at the chart, traders have already bought the rumors, and we are going to sell the news. The price looks exhausted, and it seems like it will not be able to break out of the resistance zone on 1D. We look forward to making profits from the dump. Are you ready? What are your opinions about this analysis? Let me know in the comment box. If you like my analysis, kindly follow me now and support my idea. Cheers!
Short
by CryptoNiche
4
RUNE: Breakout after BreakoutHello friends! Few days ago I've put BINANCE:RUNEUSDT on my list cause I've seen it to be close to the breakout of the new short-term resistance formed on 1h TF. Interestingly enough, it had just broke out of the long going resistance level two weeks ago, went through the point of BoS (Breaking of structure) (by creating the new higher high after the one that has been under that previous resistance at 1.969) and by this moment it is creating the new Higher Low. Again, interestingly enough, while forming the new lower low it is creating the new zone of interest by creating this new resistance I was talking about and actually breaking through it. At this particular moment, the breakout isn't yet totally confirmed cause it hasn't gone through the new BoS, but this point might be this new higher low. So: If you are risky enough, consider the Entry 1 Zone with the Stop Loss below the previous Low. In case if the Higher Low isn't yet catched, the price can go to the zone of $1.2-1. Consider re-entering at that point. If you don't like the risk - wait until the break of structure will be confirmed and consider Entry 2. First Targets will be within the fulfilling of the wick that led us to the previous BoS. Fulfilling it strongly will most probably lead RUNE to the next zone: $2.9-3.1
Long
by A_I_Vision
🚨 Trade Update: RUNE/USDT (5-10x)🚨 Trade Update: RUNE/USDT (5-10x) 📉 Short Entry: 1.425 - 1.505 OTE (Optimal Trade Entry): 1.459 SL: 1.559 B/E Move: When it moves close to TP2 TPs: Short Term: 1.41 - 1.39 - 1.37 - 1.34 - 1.31 - 1.27 Mid Term: 1.20 - 1.12 - 1.02 - 0.92 **Disclaimer: Past profits do not guarantee future results. Is there a risk? Of course. The whole financial market is subject to risk; any fundamental reason or sudden change in the market sentiment can reverse the current market dynamic and cause a loss. Do not take excessive risks which you cannot afford to lose. There is no obligation to take this trade; please avoid the trade if you disagree with the trade analysis. EDK FORUM TRADING®
Short
by GISTRADINGLLC
long rune ## Risk & Management - 1% capital per trade. - Move SL to breakeven at 1:1R ## Points of Interest - Order blocks - Major liquidity grab ## Framework - On the 4H timeframe, gauge overall bias & locate major points of interest. - When price enters a point of interest, drop down to the 15M or 5M timeframe. - Wait patiently for price to purge liquidity within the point of interest. - Wait for price to impulsively break structure & create imbalance. - Enter at the order block responsible for the break of structure. ## Entries - The OB caused a BOS. - The OB is the extreme zone. - The OB created clear imbalance. - Liquidity has been clearly Identified.
Long
by qtranhtc