ThorChain Long IdeaThorChain (Rune) has been in an uptrend for several weeks and and has been respecting a channel.
2/22/2021 Price has pulled back to the 61.8% retracement level which is in confluence with the demand line of channel.
Expecting the upper boundaries of $6.40 soon
Thorchain
RUNE/USDT Looking for a sweetspot-entry around 2.5$ThorChain (RUNE) could be the next backend for Binance and is, if this becomes true, poised to go upwards.
Shortterm I am looking for a sweetspot-entry around 2.5$.
The volume dropped slowly but consistently while the price rose. --> Bearish divergence.
Also, the previous resistances were not really challenged to hold as support so far.
Enjoy the ride and don't be too greedy.
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Cheers
RUNEUSDT Ride The WAVE 📈February 10th - 17th RUNE nosedived . A move that must have shaken paper hands I guess.
But this time most coins had tsunami. Eventful week.
From thence RUNE picked upwards again.
Completed a wiggly move( W ). Then Boom it broke a familiar resistance level to $5 region
Here it meets another resistance
Potential Support at $4.3 mark. To break $5 cap 🎓, it needs a healthy retrace.
It should bounce off here upwards. Then completes its move down Key Level support.
From here to a new moon 🚀 with full throttle.
I will take my Long entry near Key Level. Below Resistance ( As in Chart )
I expect a long candle wick through to hit.
Bears can SHORT it from current price
FA :
RUNE has a unique future. Hidden in plain sight.
Audited code. Birthed by ThorChain
Speculatively GoTo tech. if BTC be regulated .
Huge potential in terms of Use-Case.
Market Cap is over $1 Billion . Wow!!!
What more can I say, 🤷♀️ DYOR !
Follow 🚶
Like 👍
Share your thoughts !
RUNE (THORchainHello!
Possible breakout on THORchain if Btc stays chill and alts stay bull.
Price and RSI has tested this supressing resistance line already a few times.
We did get a break out on RSI. We still need to go threw that 50EMA (Brown line) and close on top.
Like we can see 200EMA (red line) and previous structure worked as support.
Small volume also behind.
We can also retest that RSI as a support and bounce from there if we close above it.
Let's see what happens ;)
What I have researched RUNE sounds like an interesting project.
If you do take trades and are not holding for long term use stop loss.
Otherwise you will get your ass burned!
-Jebu
Analysis in an optimistic scenario for the next moments in RUNETechnical analysis regarding the price of THORCHAIN in relation of dollar Tether for the next scenarios, based on 4 hour movement.
disclaimer
*** In accordance with CVM Instruction No. 598, of May 3, 2018, Art. 21, I declare that the recommendations of this analysis reflect solely and exclusively my personal opinions and perceptions and that they were prepared independently and autonomously. Not being considered a purchase and/or sale recommendation. ***
RUNE/USDT LONGThorchain is going to have an upcoming announcement. Details are under NDA. Strong conviction RUNE will continue to rise based on near-term project developments. BINANCE:RUNEUSD
RUNEBUSD respecting the bullish channel. Projections of bullishTechnical analysis regarding the price of THORCHAIN in relation of dollar Binance for the next scenarios, based on 4 hour movement.
Price forming rising funds / tops, with the Exponential Moving Averages of 34 and 89 periods driving the price and, it is walking respecting this upward channel.
By projecting a FIBONACCI in that leg that the price gave, I manage to obtain the levels where the price can reach!
disclaimer
*** This is not a recommendation to purchase and/or sale. It is for educational purposes only. ***
✳️THORChain/USDT Analysis (23/1) #RUNE $RUNEAfter the strong dump yesterday, RUNE has recovered very strongly with very good buying power. If RUNE closes 1Day candlestick above $2 zone, it will rise to $2.8 zone by the end of January.
📅NEWS
👉Jan 30 : Multichain Testnet
👉Jul 31, 2022 : Planned Obsolescence
📈BUY
-Buy: 1.9-2.0$ if A. SL if B
-Buy: 1.6-1.7$. SL if B
📉SELL
-Sell: 2.8-2.9$. SL if A
♻️BACK-UP
-Sell: 1.6-1.7$ if B. SL if A
-Buy: 1.2-1.3$. SL if B
❓Details
Condition A : "If 1D candle closes ABOVE this zone"
Condition B : "If 1D candle closes BELOW this zone"
Daily analysis in RUNEUSDT - Price target (walking on the channMy speculation as to the price of THORChain (RUNE) for the next moments, based on daily movement.
The price on the daily chart has been moving in a bullish channel, with support and resistance points already well defined.
Based on my speculation, I believe that after the price breaks this resistance (which may signal is the channel's upward trend line), it will be able to seek the projected target (first green line at the price of 1.9996)
Moving averages taking shape and price always staying at higher levels, gaining strength and growth in this period.
disclaimer
*** This is not a recommendation to purchase and/or sale. It is for educational purposes only ***
Is BNB going to surprise us all next? Welcome back, traders!
In this article, I've created a Wyckoffian Supply and Demand chart for you starting from the COVID-19 crash on BNB
The chart is self-explanatory. Just follow the annotations starting with #1
The exchanges have had some very constructive reactions in this last sell-off which prompted me to look into BNB. I created a video looking at the character of this last move down in the Crpyto market, and exchanges showed lots of interest coming in! I'll like the post here , you can check it out to learn more!
In addition, BNB is an infrastructure of the Thorchain system which is growing exponentially these days and their imminent Chaosnet launch could fuel a new wave of demand for the coin!
Please like and use the comments section below to share your ideas and positions on BNB and the analysis above with the community!
Your support means a lot :)
Shayan
✳️ThorChain [RUNE/BTC] on Aug 28 #RUNE $RUNE #RUNEBTCThe RUNE is in a fairly clear uptrend and will quickly hit the upper trendline of the Rising Wedge pattern in the 12000sts zone and break it to rise strongly to the 17000sts zone in early September.
This plan will be invalidated if RUNE breaks below trendline and falls off the 6200sts.
Private Idea :
RUNE token might be approaching a good entry pointAs we can see on the chart, after an interesting increase in price and upwards momentum, RUNE token seems to be making a correction on its way up.
A retracement to the 0.382 Fibonacci level on the daily chart, a level which acted as support about ten days ago
From a fundamental point of view, I consider Thorchain a good project and now it could be a good entry point.
They're trying to accomplish cross-chain liquidity and they're still in an early phase, so there's still room for improvements.
They also offer an interesting staking program from the get-go.
So consider this opportunity.
THORChain (RUNE) Project OverviewAbout THORChain
THORChain describes itself as a decentralized liquidity network that allows users to swap assets instantly at manipulation-resistant market prices. Swaps are done through permissionless cross-chain liquidity pools that allow users to stake their assets to earn trading fees. Traders can monitor pool prices and earn by arbitraging back to fair market prices. Projects can reportedly stake their treasuries to give their tokens deep liquidity.
Source: Coinmarketcap.com
Website: thorchain.org
--------
This is a new add on Binance... The project seems to be very strong.
As for the chart... It is already high up there and prices bouncing so it can go either way.
This is a young chart so no analysis of the signals can be done.
Thanks a lot for your support.
Namaste.
--
Remember that this is not a piece of financial nor trading advice.
This information is shared for your own learning/educational purposes only.
RUNE/USD Analysing RUNE or Thorchain was one of fastest rising coin in last week
They puplished mainnet update and it's price made more than 2x just in one week. (from $0,4 to $0,86)
As it seen in the graph, RUNE made ATH and returned from the resistance and likely to fall after profit sales .
Also about 1.000.000 RUNE has been distributed to users who staked their RUNE and soon those coins will be unlocked and sells will start.
Beause daily trading volume is low and it'spossible that traders will sell RUNE and invest in other coins.
It's good to put short order between $0.8- $0,83
It's targets are $0,77, $0,70, $0,59 and $0,53
I expect #RUNE will fall to $0,53 by the end of August.
Good luck
Buy $RUNE up to $40Well, I am the first here to say. So remember my words. I'm pretty sure that we will see $RUNE around $40 some time. Indeed it may happen after the launch of the main products and on the wave of the next great bull-run.
And moreover think about that if we have total supply of 500M RUNE and each RUNE is worth $40 it gives us only $20 billions of market capitalization. Is that too much? I reckon, it isn't. As BTC can have a trillion $ market cap and the most of RUNE will being locked. It won't be a surprise to see $100-$200 per RUNE some day.
Call me a zealot, but a man must have something to believe in.
Good luck! I wish profits for all!