RUNE/USDT (1D - Binance) Waiting for good entry point. Hi Traders,
Just quick idea, RUNE sounds like nice project (Fundamentally).
But we can be still far from fair entry price. Depends what will be next move of Bitcoin. (My expectation is 1 more wave down to 25-20K; later 17K possibly).
So Rune could drop to 2 or 1 USD. (My ideal buy zone).
We need more data for much propper EW count. now the waves are overlapping. !! So there are few options to consider.
Let me know whats your opinion with chart ;)
Trade safe, have fun.
RUNEUSDT
Thorchain (RUNE) • Is this rune powerful enough to buy?In this video I go through some level mapping using trendlines and take observations on volumes and momentum.
Can this go up? Yes
Is it a good time to buy? Check the video for full reasoning.
RUNE is looking bearishHi crypto traders!
I saw many bullish predictions about this crypto and I want to give my point of view. Cryptonary group is pushing for this coin and their future utility but the chart is telling us the opposite. Long term hold looks bullish but you need to buy at a good entry price which it will be around 4-5 usd. Many RUNE holders are sitting on massive profit(based on VWAP), which it is not sustainable for the long term health of the coin.
The price just got rejected at the 34EMA daily which shows profit taking and risk off trading. Don’t be the one holding bags at 50% drops. This coin has pumped enormously (more than 50x). The best idea is to dollar cost average into it to avoid massive loses.
Reminder: DON’T FOMO ! Be the smart person buying low and selling high !
Stay safe!
Bitcoin correction will cause a lot of liquidationsRUNE is a brand new asset, it is in a price discovery still. As usual in such conditions, much of the rise can be prescribed to leveraged longs. As new assets usually are extremely Illiquid, we can expect violent and deep crashes on such markets triggered by Bitcoin correction.
RUNE-BTC chart supports this trade.
Have fun.
RuneUSDT Bullish or Bearish time comes?Rising wedge of Rune showing for us possible of lower but in this market we see a lot of breaking of rising wedge BUT this time is different we have very low BTC.D where we need bounce and make some rejections.
1. Hopefully bids is possible also if we get BTC lower if we didnt hold.
2. BTC.D bounce possiblity
3. Rising Wedge
4. Crossing EMAS what's not good sign.
You have never enough RUNE in portfolioAnother ascending triangle may lead RUNE to 20+ area . Volume is a bit lower but still nice.
RUNE is token of thorchain.org a multichain DEX. The higher liquidity is locked in, the higher price of RUNE.
Not financial advice. Always DYOR. Watch BTC.
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"During times like this when Bitcoin & Ethereum are retracing, look very careful at what alts are showing relative strength. This is where the money is going next." -$trong Gems