RUNEUSD trade ideas
RUNE: $6.55 | for 2023 Homerun at $120 levelslike SOLANA LUNA and the rest of big ticket items of Silicon Dubai Funds.. this one is in play for float to be taken over and peddel to $100 levels by Q4
in time for QATAR 2022 fifa fever
RUNE/USDT The Rune price failed to achieve a higher high and even registered a lower low. As a result, I'm anticipating a significant downtrend which is a pullback in the higher time frames .. its My opinion so not investment advice
RUNERUNE looks to have had some strong development over recent years and has been maintaining an fair strict adherence to trend lines established from 2020-2023.
A return to ATH would take it to $20-$25.
while a big run could take it into the $50-$130 range.
***Remember to take these figures with a grain of salt - Im an amateur simple pointing out how i see it for fun :)
Rune keeps compressing upwardsRune keeps compressing upwards. With it's lending mechanism out in full force it's creating buying pressure on the token.
Technically, we have the EMA's crossed over and sloping up on the daily which looks really good for a continuation move.
RSI also looks good with a gradual slope up and showing strength.
If this ascending triangle pattern continues to play out, we could see RUNE push a lot higher.
Cheers.
Rune - Elliot Wave playI want to preface this with a couple things.
The first, I am biased towards Rune in the fact that I own some for the long term and I believe in the project.
The second, I really don't like Elliot Wave in general. I think it's use cases are generally arbitrary at best.
That being said, this Elliot wave set up almost seems too obvious not to post. If Rune can get going and hold these $5 levels we should be able to move a lot higher. My initial target is $20 at the moment. While MACD is positive, that's the only real "signal" I give credit to, this support zone will have to nullify the MACD downside crossover and some other indicators to give this pattern a shot. Once this happens, it will be a huge indication of strength, however, that all still needs to play out.
If you are worried about this area holding, simply scale in your positions and manage your risk accordingly.
Cheers,
-TCD
very simpleLooking at the latest data that appeared, we find that it made three bearish waves and followed them with three corrective upward waves... leaving another large bearish wave consisting of five internal waves retesting the bottom from which it rose... and we find that this is a large triple correction on the monthly frame, and this is a very healthy correction. In order for it to gather and rise from the bottom to make another peak in its history, but let us not get ahead of events, as this is a big frame and requires a lot of time to achieve it.. Good luck
*In principle, I am not a supporter of any direction, but I am only giving my point of view, which may be right or wrong. If the analysis helps you, then this is for you. If you do not like this analysis, there is no problem. Just ignore it. My goal is to spread the benefit. I am not one of the founders of the currency.
RUNE/USD Chart Signal: Potential Breakout or Bull Trap? Can defi stage a comeback?
The RUNE/USD chart shows an interesting development with a potential impulse wave pattern. This pattern, if confirmed, could theoretically indicate a move towards $19. However, remember that the crypto market is volatile and reaching this target is not guaranteed. The recent market downturn has impacted DeFi projects, and it's crucial to research RUNE's fundamentals and understand the risks before investing. What are your thoughts on this potential pattern and RUNE's position in the DeFi space?
RUNEUSD New MACD Cross can send it to $40. Cycle Top even $800!THORChain / RUNEUSD is about to form a Bullish Cross on the 1W MACD.
The previous Bullish Cross saw the price grow by +911.54%.
Another such rebound targets $40.00, that should be your medium term target.
Long term, if the price goes for a full repeat of the 2019-2021 run, we may even see $800 as the Cycle Top but don't keep the majority of your coins until then.
Previous chart:
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Update $6.50 in Sight? Bull Pennant BeckonsRune (RUNE): Penned In by Bulls? Can It Break Free and Reach $6.50?
RUNE/USD's chart shows an interesting development with a potential 4hr bull pennant pattern. Based on technical analysis, this pattern could indicate a move towards $6.50. However, remember that the crypto market is volatile and reaching this target is not guaranteed.
Rune channel break out. Observations:
On the daily chart, there's a noticeable upward move between January 18th and 27th, followed by a period of consolidation between January 27th and February 3rd. This consolidation does exhibit some resemblance to a flag, but the trendlines aren't perfectly parallel.
Volume during the consolidation is not significantly lower than the preceding upward move, weakening the bull flag pattern's validity.
Technical Indicators:
Relative Strength Index (RSI): Currently at 61, indicating neither overbought nor oversold conditions.
Stochastic Oscillator: Neutral, suggesting neither overbought nor oversold conditions.
Moving Average Convergence Divergence (MACD): MACD line crossed above the signal line recently, suggesting potential upward momentum. However, confirmation is needed.
Possible Future Movement:
The recent price increase and positive MACD crossover are promising signs, but the lack of a clear bull flag pattern makes it less certain.
Crucial resistance levels to watch include $6.40, $7.00, and $7.50. A decisive break above these levels with increasing volume would strengthen the bullish case.
Overall:
The RUNE/USD daily chart shows some positive indications, but the potential bull flag pattern lacks confirmation. Watch for price action around resistance levels, volume changes, and further confirmation from technical indicators before making any investment decisions.
$RUNECRYPTOCAP:RUNE is ready to go.
THORChain is a decentralised liquidity network allowing permissionless and instant cross-network asset swaps and cross-currency decentralised finance.
RUNE Breakout Anticipations Eyes 50% HIKEBullish Breakout of Pullback Phase: RUNE showcases a bullish breakout from its recent pullback phase's resistance trendline.
Challenges Overhead 50D EMA: The recovery rally is now challenging the overhead 50-day EMA, hinting at a potential bull run.
Potential to Reach $7.08: If RUNE successfully surpasses the $5 mark, it could escalate to $7.08.
Dynamic Resistance from 50D EMA: RUNE is confronting the dynamic resistance presented by the 50D EMA.
Indications of an Intense Bull Run: Sustaining above the 200D EMA signals a strong upcoming bull run for Thorchain.
Ascending Triangle Formation: An ascending triangle is forming with the neckline at $5, suggesting a possible breakout.
Inverted Head and Shoulder Pattern: The pattern, with a neckline at $5, indicates a bullish reversal.
Current Trading Price: RUNE is currently trading at $4.64, showing an uptrend with a 1.53% intraday growth.
Technical Indicators - RSI: The RSI crossing above the halfway line supports the bullish trend in motion.
Possibility of Reaching $10: A sustained momentum above $5 could potentially lead RUNE to $7 and, optimistically, to $10.
Risk of Decline to $3.64: Failure to maintain the bullish momentum could see RUNE dropping to $3.64.
Rune- Correction is probably overAfter an impressive 7x rally that began in mid-summer last year and peaked above 7, Rune initiated a correction in December, dropping 50% from its peak.
At this moment, Rune/USDT has reversed from the golden zone of the last leg up and appears poised to continue its upward trajectory.
As long as the 3.5 zone remains intact, I anticipate a retest of at least 7, if not even 10.
THORChain breakdown - High probable scenarioThe odds are in favor for $RUNE.
Pattern seperation is key from my perspective.
Not financial advice and let's see how this is playing out.
RUNE 2023 - BTC 2019 (COMPARISON) part 1RUNE 2023 - BTC 2019 (COMPARISON) part 1
you can clearly see what im doing here, hard to tell where horizontal price levels (unfortunately) are as rune has exaggerated pumps compared to btc.. but the basic shape is there.
momentum shapes are the same, thats good. if this fractal is true its one more leg to go then its cool off for the whole market.
gl
RUNE Price Looks For A Breakout Run to $10Current Price Action: RUNE showcases a potential double bottom breakout in the daily chart, currently trading around $5.91 with a 3.33% increase.
Key Pattern: The formation of a triple white soldier pattern suggests a bullish momentum.
Breakout Signal: Breaking past $5.75 could trigger a rapid price surge.
Recent Recovery: RUNE's price has risen by 14.55% this week, forming three consecutive bullish candles.
Support Zone: A successful retest at the critical $4.96 level, supported by the 50-day EMA and the 38.2% Fibonacci level.
Technical Indicators:
MACD: Indicates a bullish trend with a recent crossover.
EMA: Shows a strengthening uptrend with the 50D and 200D EMAs.
Bullish Outlook: If RUNE maintains above the $5.75 level, especially the 23.60% Fibonacci level, a breakout past $6 could pave the way to $10.
Downside Risk: A fall below $5.75 might lead to a retest of the $4.96 support level, crucial as it's the 50% retracement level from $3.5 to $5.5.
Overall Sentiment: RUNE's current trend and technical indicators point to a positive outlook for 2024, with potential to hit the $10 mark.
Investment Consideration: The current pattern and momentum might offer a good entry point for investors eyeing the $10 target.
RUNEUSD - Inverted H&S Structure Right now I expect we will experience the right shoulder, acting as a bull trap.
The head of this inverted structure is quite spread out but there is a definite left shoulder evident.
The right shoulder finishing wave allows a big bull move, I have shown this with the bars pattern tool.
IS RUNE Crashing under $4.96 This Week?Bullish Reversal to $6.5: RUNE recently completed a bullish reversal, reaching $6.5 following a triangle breakout rally.
Triple White Soldier Pattern: RUNE's price action in the daily chart shows a triple white soldier pattern, typically indicating a strong bullish trend.
Potential Breakout to $10: A successful breakout above $6.5 could trigger a rapid rally in RUNE's price, potentially reaching as high as $10.
Recent Bearish Attack: RUNE faced a sudden bearish turn this week, leading to a decline in its price, in line with the broader market correction.
Testing Crucial Support at $4.96: RUNE is currently testing a pivotal support level at $4.96, aligned with the 50-day EMA and 38.2% Fibonacci retracement level.
Current Trading Price: RUNE is trading at $5.511, with a significant intraday fall.
Risk of a Potential Crash: If RUNE breaks below the crucial support of $4.96, it risks a further crash, potentially testing lower support levels.
Volume Reduction Indicates Market Indecision: A decrease in trading volume suggests market uncertainty and could prelude either a bullish reversal or a bearish continuation.
Technical Indicators - RSI and EMA: The RSI suggests a bullish trend, while the EMAs indicate strong underlying demand for RUNE.
Critical Fibonacci Retracement Levels: The $4.96 support and $6.5 resistance levels are key Fibonacci retracement levels, pivotal for RUNE's future price direction.
Market Sentiment's Influence on RUNE: The broader market sentiment will significantly impact RUNE's price movement, especially in determining its potential to amplify bullish momentum.
Can RUNE Rise To $10 In 2023?Bullish Reversal: RUNE marks a bullish reversal hitting $6.5 post a triangle breakout rally.
Triple White Soldier: Daily chart showcases a triple white soldier pattern in the RUNE price action.
Targeting $10: A potential breakout beyond $6.5 could drive a swift rally targeting $10 for RUNE.
Top Performer: RUNE ranks among top performers this week, fueling its remarkable uptrend.
Yearly Growth: YTD growth at 194%, exemplifying RUNE's sustained bullish momentum in 2023.
Rounding Bottom: 4H chart reveals a rounding bottom pattern, hinting at a potential breakout.
Current Price Action: Presently trading at $6.36, displaying a 21.20% jump in the last three days.
Technical Support: EMA and RSI indicators signal strong bullish trends, reflecting solid demand for RUNE.
Will RUNE Lead To A Bullish Break?Bullish Pennant Formation: RUNE displays a bullish pennant pattern in the daily chart, indicating a potential breakout.
Golden Crossover Tease: The 50-week and 200-week EMAs hint at a golden crossover in the daily chart, signaling a strong uptrend.
Trendline Breakout Projection: A breakout in the weekly chart trendline could propel RUNE price above $10, initiating a significant uptrend.
Volatility Near Overhead Trendline: Despite attempts at a bullish breakout, RUNE price remains volatile near the overhead trendline, reflecting ongoing struggles.
Weekly Uptrend Challenges Resistance: Weekly trend challenges overhead resistance, hinting at a prolonged bull run despite a 5.43% drop last week.
Technical Indicators - MACD & EMA: MACD shows declining trend but minimal bearish gap, while the 50D and 200D EMAs reflect a strong underlying demand for RUNE.
Current Price & Intricacies: RUNE trades at $5.31, with an intraday fall of 2.73%, showing volatility close to the overhead trendline.
