RUNEYou may see RUNE macro chart.
We will see when it is entered to consolidation area (Gray Box ) Let see how long will stay there .
RUNEUSDT trade ideas
RUNE USDT Long is going to Explode !I know the bear market is over
We are finishing the downtrend, most likely
Pay attention, most likely
Everything is based on probabilities
This setup will work, most likely, not necessarily
Otherwise, we will be stopped by a few percent
Alikze »» RUNE | Head and shoulders pattern scenario🔍 Technical analysis: Head and shoulders pattern scenario
- According to the analysis presented in the previous post, he retested the supply area after exiting the congestion, but failed to break it.
- It is currently moving in an ascending channel in the weekly and daily time frames, which has broken the dynamic trigger.
- A head and shoulder pattern has formed in the weekly time frame.
💎 If after retesting the dynamic trigger fails to break it and breaks the neckline, it can confirm the head and shoulder pattern for a downward trend to the origin of the movement, which can have downward targets near 3.13 and 2.35 and a green box.
💎 Alternative scenario: if the dynamic trigger is broken, its first target will be $6.25 and then it can be offered after the pullback to the successful structure of breaking the zone, it can have the next targets of $9.38 and $12.5.
🛑 Resistance range: 6.25 - 9.38 - 12.5
🟩 Support range: 3.13 -2.35
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H&SClose below $3.9 first signal of possible head & shoulder is in play with a target of $1.4 that coincides with horizontal support zone ($1.4-$2)
waiting to confirm a downwards bounce from $3.9
what speaks against continuation of move down is (if confirmed on daily close) Bullish Divergence on RSI / Priceaction and that volume is not high compared to previous priceaction
Is RUNE Bottoming?I pointed out that a lot of alts looked liked they were bottoming yesterday and shared RUNE as an example. As I said, I wanted to see a close above $4.30 to confirm any sort of trade idea, which did not happen. Important that you always have a trigger and do not jump too early.
That said, this still looks the same, as do most alts. This drop is “scary,” but appears to be building more potential bullish divergence on a number of coins, if they make lower lows in price, and sending some further oversold. For now, I remain cautiously optimistic or at least interested in looking for some bottom signals on alts.
Nothing to do yet.
RUNE ABOUT TO PUMP?While there is no confirmation here of a reversal, I love the setup.
I want to see price above the resistance at $4.30 - that would be a sign for me that the bottom is likely in.
As you can see, we have clear oversold bullish divergence on the daily chart, a huge long signal in my opinion. We also have Trading Alpha showing 4 “Bs,” which are bottom signals. Price above $4.3 would also be above the trackline on this indicator.
I really like the potential here, but need to see the breakout.
#RUNEUSDT H & S pattern ?After completing the beautiful double bottom floor pattern
It is probably making a head & shoulder pattern (red).
If it cannot go above the black line,
it can be on the way to complete the pattern
Good green support lines are evident on the chart
#RUNE/USDT breaks the Diagonal Trendline in 1-Hour TF!#RUNE/USDT breaks the Diagonal Trendline in 1-Hour TF!
CRYPTOCAP:RUNE needs to bounce from here. The local resistance level is PML $4.5. The local support level is $3.9. Looking good for a long position.
RUNE Long Trade SetupCurrent Situation:
BTC Trend: BTC potentially setting a bottom, which is usually a positive signal for altcoins.
RUNE Technicals: RUNE is forming a double bottom at its range low support line. Historically, RUNE has performed well in bullish markets.
Trade Strategy:
Entry Point: Enter a long position in the range of $4 to $4.70.
Take Profit Targets:
First Target: $5.60
Second Target: $6.95
Stop Loss: Set a stop loss at a daily close below $3.80 to manage risk.
Summary:
With BTC potentially setting a bottom, RUNE is showing a strong double bottom pattern at its range low support. This presents a good buying opportunity if the bullish market sentiment continues. The strategy involves entering at $4 to $4.70, with profit targets at $5.60 and $6.95. The stop loss is set to trigger on a daily close below $3.80 to limit downside risk.
RUNE - rejection or continuation ? #RUNE/USDT #Analysis
Description
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+ The price has reached the support zone and it's uncertain whether the support will hold or break.
+ If the support breaks, the next support level is around 3. If the support holds, I expect a strong reversal, providing us with a trading opportunity.
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VectorAlgo Trade Details
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Entry Price: 2.657 - 4.246
Stop Loss: 2.00
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Target 1: 5.305
Target 2: 7.354
Target 3: 10.998
Target 4: 16.216
Target 5: 21.139
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Timeframe: 1W (Long Term)
Capital Risk: 1-2% of trading amount
Leverage: 5-10x
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Enhance, Trade, Grow
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Feel free to share your thoughts and insights.
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Best Regards,
VectorAlgo
Rune 1h chart
Break out imminent
Good opportunity to long or short
Wait for break out and confirmation and btc's move next couple of days
RUNEUSDT 1D#RUNE is moving inside a falling wedge pattern on the daily chart. It is currently trading above the support zone, with the RSI in the oversold area. Let's see how it will play out. The targets are:
$5.400
$6.695
$7.605
$8.515
$9.640
$11.460
Chart Idea - RUNEUSDT LongRUNEUSDT has broken the downtrend on daily timeframe and successfully retested it.
RUNEUSDT Long
Entry: 5.380
TP: 13
SL: 4.284
It's a swing trade and can go for weeks. Will keep on updating this thread.
RUNE starting to round out at W balance area. or a W HS ? I am playing long off of support in D OS for a bounce.
But could be a W HS if BTC goes lower .
There's a high possibility of reaching $6.5 and $6.8RUNE has strong support at $6 on the 4-hour timeframe. There's a high possibility of reaching $6.5 and $6.8. Keep an eye on these levels.
Rune ready for $10!RUNE is ready to fly
●Rune never gave any daily candle closing below the (Daily 15May FVG) which and took out the ITL $5.950 level.
●Get ready to fly target $7.870 and $10.
These are swing trade targets.
$RUNE/USDT trading plan. Great coin to hodl, I explain whySome History, so that we know what we are talking about:
Thorchain is a decentralized liquidity protocol that allows users to easily swap assets across different blockchains in a permissionless and trustless manner. It enables cross-chain decentralized finance (DeFi) transactions by providing liquidity pools for various cryptocurrencies, allowing users to exchange assets without relying on centralized intermediaries.
The project was created by a team of developers led by Chad Barraford, also known as "Chadwick Strange," who is the co-founder and CEO of Thorchain. The team behind Thorchain aims to address the issue of liquidity fragmentation in the DeFi space by enabling seamless interoperability between different blockchain networks. Thorchain's native token, RUNE, plays a crucial role in the protocol's operations, serving as a means of liquidity provision, governance, and security.
Circulating Supply: 335,641,741 RUNE
Total: 414,274,277 RUNE
Issue Date: 2019-06-20
CRYPTOCAP:RUNE is supported by a resilient team that has been continuously updating since 2019.
CRYPTOCAP:RUNE has 90% of its supply released to the public, reducing the risk of VC dumping and token releases. Most tokens are now used as treasury, which is favorable.
CRYPTOCAP:RUNE , along with its main project Thorswap, is constantly adding new bridges and experiencing steady growth.
CRYPTOCAP:RUNE preserves the anonymity of transactions, which aligns with the core principles of cryptocurrency.
CRYPTOCAP:RUNE competes with Uniswap, which faces regulatory issues with the SEC. Consequently, many users may seek alternative platforms like Thorswap for coin swapping, providing potential benefits to $RUNE.
I have been trading CRYPTOCAP:RUNE since it was worth $1.5 and it is now around $5 during this bull run, presenting a good buying opportunity and recovering strongly from the last CRYPTOCAP:BTC dump.
The take-profit are indicated on the chart. It's important to note that this coin is highly volatile; it can experience sharp drops but also significant gains. Do Your Own Research (DYOR) and trade safely. Feel free to share your profits in the comments!
Daily Trading Plan for BRC SOL NEAR RunePlease view and review my daily trading plan for BTC SOL NEAR and Rune
Daily Trading Plan for BTC SOL NEAR RUNEPlease view and review my daily trading plan for BTC NEAR SOL and Rune
Please leave a comments if you ll have any questions
RUNEThe chart of RUNE looks very good on the daily.
I missed this trade but we will get another entry in the future.
KRAKEN is the only way to own in USA i think.
Daily Structure break and RSI are in step.
Higher Highs since June of 2023
RUNE = RUNS lol
TRADE SAFE
descending channel break outWhat Is a Descending Channel?
A descending channel is drawn by connecting the lower highs and lower lows of a security's price with parallel trendlines to show a downward trend. Officially, the space between the trendlines is the descending channel, which falls under the broad category of trend channels.
A more potent signal occurs with a breakout, which is when a security's price breaches an established channel's boundaries, either on the upper or lower side. When this happens, a security's price can move quickly and sharply in the direction of that breakout. If this move is in the direction of the prior trend, the descending channel would have been a continuation pattern. If the move is counter to the prior trend, the descending channel would have been a prelude to a reversal.
going long here on the potential retest guys.
