RUNEUSDT trade ideas
RUNE/USDT: LOOKS READY FOR A 100% PUMP!!Hey everyone!
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RUNE looks good here. Breaking out from the falling wedge pattern in a 12-hour time frame and currently retesting the wedge. Buy some here at this retest level and add more in the dip.
Targets:- $4.96/$7.22/$8.88
SL:- $3.18
What are your thoughts on RUNE's current price action? Do you see a bullish pattern? Share your analysis in the comments below!
Buy Trade Idea for RUNE (THORChain)Description
RUNE, the native token of THORChain, presents a promising buy opportunity due to its strong fundamentals and growing role within the decentralized finance (DeFi) space. Key factors supporting RUNE include:
Cross-Chain Liquidity: THORChain enables seamless, decentralized cross-chain trading between major cryptocurrencies, including Bitcoin, Ethereum, and others. This positions RUNE as a critical asset for facilitating liquidity across various blockchain networks.
Growing DeFi Ecosystem: As DeFi continues to expand, THORChain plays a vital role in supporting decentralized exchanges (DEXs) and liquidity pools, creating significant demand for RUNE tokens within its ecosystem.
Token Utility: RUNE is essential for network governance, security, and liquidity provision. It acts as a settlement asset within the protocol, making it an integral part of THORChain’s growing ecosystem.
Increased Adoption: With THORChain gaining attention from the broader DeFi community and its protocol improvements, the adoption of RUNE is likely to grow, driving long-term demand.
These fundamental factors make RUNE an attractive option for investors seeking exposure to the expanding DeFi market.
Disclaimer
Trading and investing in cryptocurrencies involve significant risk and can result in substantial losses. The content provided here is for informational purposes only and should not be considered financial advice. Always conduct your own research, consider your risk tolerance, and consult with a financial advisor before making any investment decisions. Past performance is not indicative of future results, and the value of investments can fluctuate widely.
RUNE Technical Analysis in a Weekly TimeframeHello everyone, I’m Cryptorphic.
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Now, let’s dive into this chart analysis:
RUNE is one of the oldest Layer 1 projects with solid utility. The price recently faced rejection at the 50 EMA resistance and is now leaning toward the $3 support level.
This support is crucial for RUNE because a breakdown, followed by a weekly close below it, could push the price down to $1.2. For a bullish scenario, RUNE needs to rebound from the $3 support and break above the 50 EMA to test the resistance trendline around $7.4.
The RSI is nearing the oversold zone, suggesting there is still some room for the price to drop further.
Key Levels:
- Crucial Support/Accumulation: $3.
- Lower Support/Strong Buy: $1.2.
- Primary Resistance: 50 EMA & $7.4.
- Long-Term Target: $21.28.
DYOR, NFA.
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Rune (Thorchain) - DCA, the bottom is nearRune - the fundamentals looks super super strong.
Streaming swaps, new chains and exchanges make Rune grow in a rapid pace.
If you still think we are in a bull market and believe in Rune... this could be a great time to DCA into Rune.
I see Rune 3.00-3.65 dollar as a gift and probably the last time we see Rune so cheap
We have 0.5 fib level at 3.56 to watch out for.
RUNE - BIG GAIN (BIG PICTURE)Dear friends,
I will show another coin next to the LINK where I see Elliot wave expressed.. For LINKCHAIN, you have an analysis below this post..
First I would like to show my old projections related to RUNE and the exact take profit and return to DCA on it..
Here is a projection of profit taking.. and an accurately expressed mass jump of the first wave..
Then marked zones for returning to the market.
Now that all that has happened, I have scenario A and B. The first scenario is that the bottom is behind us and that the first purchase is an excellent decision, on the other hand, we also have plan B because there is great resistance at $5.
If the price does not show strength, the last buying target would be 2.2. Below that there is a very large volume and below that the door opens for a big risk (FOR NOW I'M VERY BULLISH)
The first target will be scalar from $30 and on.
This will all happen only if BTC manages to break the ATH
XRP ANALYSIS (breakout)🔮 #XRP Analysis - Breakout 🚀🚀
💲💲 There is a breakout of Falling Wedge Pattern in #XRP. It's a daily time frame breakout and we will see more higher price in long-term. After a successful retest, we could see proper a rally 📈📈
💸Current Price -- $4.395
📈Target Price -- $9.510
⁉️ What to do?
- We have marked crucial levels in the chart . We can trade according to the chart and make some profits. 🚀💸
#XRP #Cryptocurrency #Breakout #DYOR
RUNE Breaking Out!A week ago, I posted the article below that discusses RUNE's potential breakout.
Today, the token makes its first attempt. RUNE is already up 7%, pumping above the long-term trend line. If it a) can confirm the breakout and b) the markets continue bullish, we could easily see RUNE pumping 150%!
Remember, this pattern has formed for almost half a year. Accordingly, a confirmed breakout is a massive bullish sign.
As always, don't get too excited. We are on the daily chart and don't have to rush. Especially when aiming for big gains, it is most important to close the candle above the downtrend on the daily chart.
Let's see what the day brings!
RUNEUSDT.4HThe chart you've presented for RUNE/USDT on a 4-hour timeframe offers a clear perspective on the price dynamics of Thorchain (RUNE) against Tether (USDT). Here's my detailed analysis based on the information available on the chart:
Current Situation
Price Level: RUNE is currently trading at $3.865.
Recent Price Action: The chart depicts a declining trendline from past highs, followed by a period of consolidation. Recently, there seems to be a slight upward movement.
Support and Resistance Levels
Resistance Levels (R1 and R2):
R1: $4.528
R2: $3.106
Support Levels (S1 and S2):
S1: $3.106
S2: $2.545
Technical Indicators
The chart does not explicitly show the MACD or RSI indicators, but the price action near the support and resistance levels can be used to gauge potential movements.
Analysis and Conclusion
From my analysis, RUNE is currently testing the lower boundary of its recent price range. The level at $3.106, which acts both as a support and lower resistance level depending on the price’s position relative to it, is crucial. The current trading price near this pivot suggests that RUNE might either stabilize around this level or attempt a breakout.
Trading Strategy
Bullish Scenario: If RUNE breaks above the $3.106 resistance-turned-support with convincing volume and market sentiment, it could target the next resistance at $4.528. This movement would likely require broader market support or positive developments specific to Thorchain.
Bearish Scenario: A breakdown below the support level of $3.106 could see RUNE testing further lows towards $2.545. A breach below this second support could intensify selling pressure, possibly leading to steeper declines.
Final Thoughts
It's crucial to monitor RUNE closely around these key levels. Setting stop losses just below support levels for long positions can help mitigate potential losses in the event of a downward break. Additionally, any trader should remain vigilant to changes in overall market sentiment and updates within the Thorchain ecosystem, as these can significantly influence price actions. Always align trading decisions with personal risk tolerance and market conditions.
RUNE — Breaking This Pattern Can Send It HIGH!RUNE has been trading in a falling wedge pattern since April. The wedge is a chart pattern formed by converging downward-sloping trendlines.
What's so interesting about a falling wedge? It is considered a strong bullish sign 💪
This might sound strange if you look at the chart and see a constant downtrend.
However, breaking out of this pattern to the top usually ignites a massive pump.
This is especially true if a pattern has formed over a longer timeframe. Just like in RUNE's case!
Watching the trendlines is essential in this case. Although the pattern narrows, RUNE can still bounce back and force a couple of times.
Rune - Swing trade idea for next week If you read my previous analysis you would know how I traded Rune over the last weeks and it played out perfectly :) Now I believe we see one more drop into 3$ today or at the beginning of next week. As is stated, it will just be a swing trade as I believe Rune will eventually go to 2$ coming months.
There is no further explanation as the chart speaks for itself, I don't know what's going on behind the scenes for Rune, I just care about the chart, that's it :)
Stay safe!
$RUNE: simple head and shoulder pattern: buy zone for longCRYPTOCAP:RUNE is an established DeFi protocol that works and is solid, based on its own blockchain, Thorchain. No token unlocks, all tokens are vested, making it relatively safe from rug pulls. However, like many other altcoins, it has been overheated and is undergoing a drastic cooldown.
This pattern is a classic one, easy to identify, and therefore the target is below the neckline at $2 or less. It looks very low, but if you look at the Weekly MACD, you can see that it is not oversold and needs more downside to reset before a reversal.
Even if it bounces because CRYPTOCAP:BTC has another pump, the chart pattern suggests not buying above this zone as it would go against the chart theory.
Do what you want, but I have put my buy order in the green zone, which guarantees me a significant profit if it gets filled. If not, I will buy another coin.
Always do your own research (DYOR). This is not financial advice; I am just articulating what the chart indicates. It is up to you to make any informed decision based on that.
Rune - 3$ -> 5$ -> 2$Pretty much says it all :) Will be trading Rune exactly as I have shown in the chart, two trades, nothing more. If I am wrong so be it, no one can predict the future, but this chart begs for a relief bounce. Don't think it will go much higher than 5$ though. End of analysis, keep it simple and stupid and don't overtrade!
Stay safe!