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RUNEUSD

$RUNE - going to under $2 ??Here's a look at Thorchain, ticker $Rune This looks like it an incomplete wave 2, having completed the X leg after getting rejected below the 88.7% fib. The corrective fib (multi color) and the impulsive fib (orange) line up between 1.60 and 1.20. This matches up with an Inside pitchfork, on the 2nd S.dev (standard deviation) line...the pitchfork isn't shown here to keep things a little cleaner. Time target for the bottom is between beginning of February to mid April. These dates are also where the 2nd S.dev line intersects the two fibs, so we have some technical confluence. There should be trade opportunities in between for those that want to swing this coin. I've labelled the 3 wave corrective move to come where it coincides with the supply and demand zones as well as the median and 1st S.dev lines of the pitchfork. Roughly the targets are $3.50 and $10, though i cant be sure of the time frames, likely Dec/Jan i think. If you're a long term crypto bull and want some alt exposure to (as i understand it) a solid project, this would be a great opportunity to load up. I should mention that im not a crypto dev and dont know much about the technical aspects of this token, but i've heard from some crypto devs that its a solid project, unlike a lot of the Doge clones popular with the kids these days. But as always, DYDD as this is not financial advice. This analysis is invalidated if $Rune crosses $21.60 or falls below $1
RShort
by ir-rizzle
3
RUNEUSDT , We need pullback & rest Hello guys In here we have a amazing coin and chain of the blockchain , At first i should say to anyone that read and wathc this analysis the ThorChain ( RUNE ) is one of the powerful and Amazing coin in crypto . We can take result that fundametal is powerful and there is a high target in future. From the technical view we think we are making a triangle and we need some rest for the price and after that we can continue the trend to the new ATH . if you followed us in past you can see this tutorial about the movement of the wave , Read this educational idea that can more helpfully for everyone : Be with us and sleep comfortably Good Luck Abtin
Short
by Abtin00
13
⚔ RUNE smashing levels-broadening wedge-- There are still 3 hours left for this daily candle to close, so in case it breaks out of the wedge I will update this idea later. -- After forming a double bottom under 200EMA on daily chart, yesterday the price smashed right through both moving averages and the key level of 9.23 finally reaching the top of the broadening wedge formation where it faced strong rejection. It would be healthy price action if we saw a pullback to retest the daily dynamic resistance as well as key level (9.23) But keep in mind even though RUNE is now trading above all major resistances it is still inside of a descending formation. Entry: average buy 9.70 - 8.40 -- or wait for breakout from the formation (buy above 10.5 on a local pullback) TP1: 10.57 TP2: 12.91 TP3: 16.82 TP4: 21.29 (~130%) TP5: OPEN++
Long
by V0VOLAN
RUNE - Trend-Following Setup!Hello everyone, if you like the idea, do not forget to support with a like and follow. RUNE is overall bullish and now retesting the support so we will be looking for buy setups on lower timeframes. on H4: RUNE is forming a channel in red but the upper trendline is not valid yet, so we are waiting for a new swing high to form around it to consider it our trigger swing. (projection in purple) Trigger => Waiting for that swing to form and then buy after a momentum candle close above it (gray zone) Meanwhile, until the buy is activated, RUNE would be overall bearish can still trade lower. Good luck! All Strategies Are Good; If Managed Properly! ~Rich
Long
by TheSignalyst
21