THORChain (RUNE) formed big bullish Cypher for upto 369% rallyHi dear friends, hope you are well and welcome to the new trade setup of THORChain (RUNE).
Previously we had a nice trade of RUNE:
Now during the current drop, on the weekly time frame chart, RUNE has formed a bullish harmonic Cypher pattern for a big bullish reversal move.
Rune
RUNE - THORCHAIN POSSIBLE BOUNCE TRADE Rune after a long period of correction is coming to the strongest support - the base line! A nice buy at around 3-3.15$ would be perfect for the LONG RUN !
CRYPTODROU
See You To The Moon
RUNEUSDT - SETUPRUNEUSDT is at a critical support area that got respect previously as well. So if the market recovers itself then we can expect in Rune the first target is to break the trendline with good volume and if succeed then bulls will 8.0 level. Otherwise, the price will drop further towards 2.0 next support.
RUNE broke out resistance#RUNE/USDT
$RUNE broke out descending resistance, if price hold the current support around $6.15, it will head up to touch resistance zone between $10 and $11.
if bulls success to break out descending resistance around $14, a butterfly pattern can shape that its target will be around $25.
RUNE TA - possible Bullish Scenario 4h
I opened a Long just few minutes ago. Let's see what will happen 🚀. Just remember: Stick to your plan and have a good risk management 👍
And that's the main reasons I decided to take a long :
► Momentum going up
► Breaking out of this falling channel/ rising Wedge
► Breaking out of the 200 MA
► High risk reward ratio
► Bounce from the 0.786 fib level of the previous Swing
► Moneyflowindex in green (4h base)
Trading setup:
SL: $6.56
TP1: $9.6
TP2: $12.8
Disclaimer: DYOR. No financial advice. Just for your impression.
RUNE LONGRUNE/USDT
RUNE/BTC
Very bullish Technically as well as fundamentally ( Doge chain and Cosmos Chain ) Soon Live on Thorchain Stagenet.
Mainnet Launch Next month.
Inverse H and S at RSI on RUNE/BTC PAIR
Breakout of Resistance
CUP AND HANDLE PATTERN on RUNE/BTC PAIR
Expecting 40~50% pump this or next week.
Double Bottom Sketch Could be form as well.
EMA CROSS AND GOLDEN CROSS INCOMING which changes the trend as well.
X1 is easily possible.
HAVEFUN
RUNE is on a breakout setup!!!THIS ANALYSIS IS TOTALLY DEPENDS ON BTC MARKET MOVEMENT. BECAUSE NOW BTC IS IN A DANGEROUS SITUATION.
Rune breaks its downtrend wedge and now it is on a triangle pattern.
There is a rounded bottom pattern and a cup and handle also.
50 and 200 EMA s made a GOLDEN CROSS already.
Wait for a retest to be safe trading.
Mainly supports on Demand Zone at 6$ -7$
Wait to long it after the TRIANGLE BREAKOUT CONFIRMATION in the short-term ...
For the long term, you can buy it here for targets at 8$, 9.25$ , 10$, 13$.....