RUNE/USDT 65% profit within a week#RUNE/USDT Profit Update:-
$RUNE currently trading at $6.40 and went upto $6.75
As I mentioned in Last post that was Retest zone.
And strong bounced from Retest level.
Now 65% up from our entry.
Congrats for Huge profit 65%
Entry:- $4.10 filled ✅
You cam book profit if you are happy.
And You cam placed stop loss at entry level $4
I am expecting $17 in mid term.
Exit below $3 ( Only for Long term HODLer )
Targets:- $17/$43
Support:- $4/$3
Resistance:- $8/$12/$17
Rune
THORChain (RUNE) with confirmed breakoutTHORChain (RUNE) with confirmed breakout of price resistance trendline by daily close above $6.05.
Will this happen today?
What do you think?
Drop me a nice comment if you'd like me to analyze any other cryptocurrency or do another comparison.
*not financial advice
do your own research before investing
RUNEUSDT 1D TA : Resistance ZoneAccording to the chart, after breaking the downward trend line and completing the pullback, it has reached the resistance range. In case of failure of this range, we have the possibility of increasing the price. In case of failure, resistance range is recommended for purchase.
Its not Buy or Sell SIGNAL
DYOR
BY : Mohmad Teriz - @AtonicShark
RUNE ResistAttention, My signal is not 100% right, So
Dwyor and use your analysis before you join
my signal.
This is the reason why i believe that rune will turn down :
1. There is strong resist weekly
2. Testing Fibo 0.618
3. Testing RSI trendline (still not confirmed breakout)
4. BTC still downtrend
is RUNE about to Fall?After checked in 30m, 1h and 2h timeframes, i trace some pivote zones that i considere relevant for this analysis.
As we can see in chart, 3rd Elliott's wave already finished but i only focus myself from 5th wave to C Elliott's, also seems in 2h chart that Wyckoff move for complete supply is about to be reached to it creates a triangle which also match with Elliott's and Wyckoff next moves.
Regarding indicators i saw high momentum in squeeze indicator (yellow crosses), no MACD, CRSI divergences even that i saw CRSI above 97 which indicates for now that RUNE is overbought and bearish move is around the corner.
Short RUNE Potential bearish tradeToday we have another good opportunity risk reward short entry, for this bearish market.
In this case I am looking at some anomalies(big pumps without a reason inside a bear market) and short them when I believe they are close to top/ATH
Key points:
Type of entry : Short
Take profit level 1 : 5
Take profit level 2: 4.5
Stops loss : 6.07
RUNE/USDT Is potential to 10x from here#RUNE/USDT TA Update:-
$RUNE currently trading at $4.20
As per chart this is bullish in mid term.
Parallel Channel resistance already broke out.
And now rested at support level.
I am trying to accumulate at dip.
Long term I am expecting $17 and $43
Strong support is $3.10
If hold this support then it will give huge returns.
Its can give 10x returns in mid term.
Entry:- $3.10-$4.10
Targets:- $17/$43
Stop Loss:- if HTF candle close below $3
RUNEUSD broke above the 1D MA50. Buy signal.RUNE had a great 1D candle yesterday, the strongest since February 2021. As it broke above the 1D MA50 (blue trend-line), a buy signal emerged, as this has been its Resistance since December 01 2021.
Last time the 1D MA50 broke following such a long-term correction, was on July 30 2021. The crossing of the MA50 gave an instant buy signal, with a Bull Flag later forming just after the price hit the 0.5 Fibonacci retracement level and the 1D MA200 (orange trend-line). The eventual High of that bullish sequence was made above the 0.786 Fibonacci retracement level, forming eventually the All Time Highs Resistance. Based on the above, we can expect at least a $12.00 High in Q2 2022.
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GREATEST BUYING OPPORTUNITY FOR THORCHAIN! - $RUNE ANALYSISChart above us is what we call a Fifth Wave Extension Impulsive move.
Basically a fifth wave extension impulse move has the fifth wave to be the longest of the 3 impulsive moves to the upside and wave 3 to not be the shortest, which leaves us with wave 1 being the shortes of the three
At the End of a Fith wave extension move, Price usually retraces the entire move, i.e from the start of the fifth wave to the end of it, which means we can expect a 100% retracement.
However, it also says that Wave 5 always retraces 61.8% which RUNE hasnt done so far and would have us our first buy orders at the 61.8 region before even dreaming of a bottom (tho i bought some at support on the dip)
We can place orders at the 0.764 fib support region as there was a lot of volume traded there, and should hold as support and as a worst case scenario as seen below
Note that in a fifth wave extension, it is very important that there is no overlapping.
Should note also charts like this are a reason I'm still bearish on Bitcoin.
check out the Bitcoin analysis below.
If you agree, pls leave a like and share your thoughts in the comments.
Feedback is always appreciated.
BTC corrected, now where?As I said yesterday in a post, BTC has corrected following a similar pattern from last year as indicated, I think we can expect a little more consolidation before we can see BTC move to $47k. As I said yesterday $42k will create opportunities for entries and thats what I've done. Remember to DCA in the event of a further crash, apply risk management. Short term I'm neutral but I'm long for the next couple days.
Trade safely
🆓THORChain (RUNE) Feb-08 #RUNE $RUNE
.
📈RED PLAN
♻️Condition : If 1-Day closes ABOVE 4.5$ zone
🔴Buy : 4.5
🔴Sell : 5.5 - 6.5 - 8
📉BLUE PLAN
♻️Condition : If 1-Day closes BELOW 4.5$ zone
🔵Sell : 4.5
🔵Buy : 3.5 - 2.5
❓Details
🚫Stoploss for Long : 10%
🚫Stoploss for Short : 5%
📈Red Arrow : Main Direction as RED PLAN
📉Blue Arrow : Back-Up Direction as BLUE PLAN
🟩Green zone : Support zone as BUY section
🟥Red zone : Resistance zone as SELL section
THORChain (RUNE) Buy ZoneTHORChain (RUNE) Buy Zone
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BIAS
Mid-Term : Bullish
Risk : Medium
On 4 hours timeframe, THORChain is currently forming a lower time frame bull-flag above its second to local high support of $3.9 zone. The buying pressure and the bullish momentum is extreme, which will very likely break to the upside any second.
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$RUNE/USDT LONG SETUP
Leverage : x3 - x5
Entry Price : 3.8 - 4.1
TP 1 : 4.26
TP 2 : 4.43
TP 3 : 4.67
TP 4 : 4.95
TP 5 : 5.25
TP 6 : 5.52
TP 7 : 5.85
TP 8 : 6.375
Stop Loss : 3.295
*Maximum 3% of Portfolio.
*Unload 12.5% at each TP. Whenever TP 2 hits, Move stop loss to entry.
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