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RUNEBTC trade ideas

RUNE/BTC: Key Resistances for Parabolic Move Ahead📊 RUNE/BTC Analysis RUNE against Bitcoin is facing a historically important level that has reacted 8 times since 2020! 🔹 This static level has acted as both support and resistance at different times. Right now, it's acting as resistance again, but if broken, there's a high chance it will turn into a strong support, potentially triggering a parabolic rise for RUNE against BTC! 🚀 🔹 Additionally, there's a downward dynamic trendline acting as a ceiling, blocking upward movement. Breaking this line is also crucial for confirming strong bullish momentum. ✨ If RUNE breaks these key resistances, a strong pump and parabolic move in its price are highly likely! 🚀
Long
by arzdigitalistha
RUNE/BTC ThorChain Bullish Exit. Chance to triple your Bitcoin!BINANCE:RUNEBTC is forming a perfect trade setup with a clear defined stop loss and a few targets at +50%, +75% and 3x the current price. I've been watching RUNE for a long time, and I have made two calls in the past year that were both correct in direction but never reached their targets. The first call: On the week of 12 April 2024 when this triangle was broken, I called a target of 3116 Sats. The target was never reached. We ultimately reached a low of 5100 Sats, but we did so in a gradual fashion respecting a descending trendline, which supported the price and acted as a lower line of a falling wedge structure that looks like this: This was my second call with a target of 10,200 Sats. That target wasn't hit either. The same lower line of that orange falling wedge now, in light blue, defines the bottom of a new falling wedge structure which is the main subject of this trade. Price has broken above the falling wedge, then attempted a reversal off the top of it. Four times, the upper line supported price only to be broken the fifth time. A week later, price broke again above the line. I believe this is a perfect setup for a trade with a tight yet reasonable stop loss, and potentially a 3x bullish target. Bear in mind, I'm calling 3x versus Bitcoin. I'm not talking about BINANCE:RUNEUSDT , which may well reach higher gains. The stop loss is represented by the descending support line (dotted light blue) beneath the Falling Wedge's upper side. The Targets are: 50% up to 8400 Sats. 75% up to 10,280 Sats. 200% (3x) up to 18,000 Sats. Whether RUNE's price will reach these targets depends on the strength of the move. In the case where price gets rejected before or at reaching the first target at 8400 Sats, we can judge the momentum to be too weak, and expect a drop back to the falling wedge, this time, reaching the bearish target of my first call at 3116 Sats. If the move is strong enough to reach the second target of 10,280 Sats, I expect a pull back and re-accumulation phase into what I labelled the Launching Platform on the chart. (Should've simply called it a Launchpad XD). This could be a bull pennant or an ascending triangle. That's what will push price to the third and log-scale target of 18k Sats. Follow this chart here .
Long
by TechNerdOmar
THORChain Double-Bottom & Local Support (100%+ Growth Potential)Here we have a very nice chart setup because we have two sets of bullish signals; the first one is a double-bottom between August 2024 and October 2023 and the second one is a move above 'local support.' As long as RUNEBTC trades above this blue line, local support, the pair can be considered extremely bullish. If it moves below, the bullish potential remains valid and strong as long as it remains above the double-bottom price range. So overall this is a strong setup because even if prices drop the bullish potential remains strong. There is one final support level that matches the price at which RUNEBTC traded between June and August 2023, this is the main low. Normally we would look for a higher low to expect growth but if prices drop we can simply wait long-term. The most likely scenario is the one were we experience some growth followed by a retrace and then additional growth. We are set to experience green for a long time. Any retraces and corrections should be used as an opportunity to buy because these are only short-term. The worst part is already over and we are now in the accumulation phase. Accumulation means buying, buying as much as you can. We only think of taking profits in 2025. Thank you for reading. Namaste.
Long
by AlanSantana
Trading Signal for RUNEBTC Currency PairDirection: Sell Enter Price: 6.829E-05 Take Profit: 6.691E-05 Stop Loss: 7.001E-05 We advise entering a sell position for the RUNEBTC currency pair at an entry price of 6.829E-05. The take profit level is set at 6.691E-05, and the stop loss is set at 7.001E-05. This recommendation is based on our analysis using the EASY Quantum Ai strategy. The indicators show a potential downward trend due to several factors: 1. Technical Analysis: Technical indicators such as moving averages and RSI are pointing towards an overbought condition, suggesting a potential sell-off. 2. Market Sentiment: There is a bearish sentiment in the market, which is reflected in the recent price action and trading volume patterns. 3. Resistance and Support Levels: The entry price of 6.829E-05 is near a significant resistance level that has historically been difficult to breach, adding to the likelihood of a price decrease. 4. Volume Analysis: Decreasing buying volume suggests that bullish momentum is weakening, making room for a bearish correction. Please ensure to place your take profit at 6.691E-05 and maintain a stop loss at 7.001E-05 to manage your risk effectively. Kindly note that all trading involves risk, and it's essential to perform your own analysis before executing any trade. Our strategy, while reliable, does not guarantee profits. Stay tuned for more updates and trade responsibly. Good luck and happy trading!
Short
by ForexRobotEasy
RUNEBTC 1HThe given bearers for the RUNE/BTC pair are 0.0000281 and 0.0000252. These are the levels where prices have had a hard time falling in the past. This means that these levels can be considered 'floors' or 'barriers', where the fall in price can slow down or be stopped. The resistances are at 0.0000359 and 0.0000437. These are levels that prices have struggled to break through in the past. Thus, these can be seen as 'ceilings' or 'barriers' where price rises can slow down or be stopped. Considering the RSI (Relative Strength Index), there is an exhaustion of purchasing forces. This is usually a sign that the market may be overbought and that a correction or even a trend reversal may be in the offing. The combination of these technical factors could indicate a downward movement in the pair in the short term. Thorchain (RUNE) is a cross-chain solution that allows the exchange of cryptocurrency assets on different blockchains. Additionally, Thorchain allows users to earn interest on their cryptocurrency assets by providing liquidity, which adds an additional incentive for holding RUNE.
by ferulianov
THORChain 123 | 1-Bottom Pattern 2-EMA Rejection 3- Bullish PeakTHORChain (RUNEBTC) one, two and three. The (1) is the bottom pattern. We have a lower low followed by a bullish breakout. This would be wave 1 of an EW impulse. The (2) is the EMA100 rejection. After a bullish breakout, it is normal to see a correction that ends in a higher low before higher prices. The low would be equal to wave 2 of an EW impulse. The (3) is the bullish wave peak. This would be wave #5 of an EW impulse and a classic correction would follow this whole set up. In conclusion, THORChain will also grow . Namaste.
Long
by AlanSantana
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