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
Thorchain
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
RUNEUSDT, Its time to take decision ...Hello everybody
We backed with another analysis, one of the most powerful project that is working of LP base and want to solve this problem of Defi.
Its amazing project but ...
According to the chart and previous serial analysis we shown on chart that the price was moving in downward trend and until its not get out of this downward trend the price can reach to the lower price and now at this time we impact to the resistance zone and the key point level if the price can break this zone and pullback to it and continue it movement the price can temporary move in upward trend and the target that we shown on chart is on our way but if the price can not break this resistance level the price can drop to re-test again the support zone and if its not support in there it can drop more .
Previous analysis :
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Abtin
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.
🆓THORChain (RUNE) Feb-08 #RUNE $RUNE
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📈RED PLAN
♻️Condition : If 1-Day closes ABOVE 4.5$ 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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RUNE Descending Wedge on Watch - Potential Bullish BreakoutWatching for a potential bullish breakout for RUNE on a clearly defined long-term descending wedge. This is not an easy type of trade to take in my opinion because you need to be present during the breakout and observe the price action. You want to be entering on the break when there is volume coming through. If the price breaks out and quickly gets rejected or trades sideways with little volume, then you just sell out at breakeven or a small loss and consider it a dud. The key is to minimize your risk in an attempt to catch a large swing move because a bounce on the weekly timeframe for RUNE is likely coming sooner than later.
If you choose to enter prior to it breaking out I would put the stop at $4.06 which is only a 3.3% loss for a potential 18-20% gain. Understand that probability will likely lean towards getting stopped out in this scenario but the risk to reward is worth it. What we are attempting to do is catch the weekly bounce which could be anywhere between a 20-100% move to the upside.
THORChain (RUNE) formed big bullish Cypher for upto 369% rallyHi dear friends, hope you are well and welcome to the new trade setup of THORChain (RUNE).
Previously we had a nice trade of RUNE:
Now during the current drop, on the weekly time frame chart, RUNE has formed a bullish harmonic Cypher pattern for a big bullish reversal move.
RUNE - THORCHAIN POSSIBLE BOUNCE TRADE Rune after a long period of correction is coming to the strongest support - the base line! A nice buy at around 3-3.15$ would be perfect for the LONG RUN !
CRYPTODROU
See You To The Moon
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.
Is RUNE will be 10x soon ??As fundamental , rune is one if the best defi project with lots of advantages such as use much less number of pools to swap coins and it is realy decentralize.
As technically you can see in chart that it completed pattern and also the price located in the bottom of its channel and start running after pulled back to its support.
You can have it in your portfolio in 2022
Buy 5% of total of your portfolio
Risk management on you
Happy new year 2022
RUNEHello everyone...
Potential and good currency with an attractive foundation
In the weekly time frame, the candlestick has created a cover
I do not think now is the time to buy
We should let this currency test the $ 6.2 price again
Because it grew very fast and did not allow people to trade ...
Do the shopping step by step. This currency is not something that will disappoint you in the long run ...
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If you have any questions, you can write it in comments below, and I will answer them
And please don't forget to support this idea with your like and follow, thank you...
THORChain (RUNE) Buy ZoneTHORChain (RUNE) Buy Zone
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BIAS
Mid-Term : Bullish
RISK : Medium
On its 4 hours time frames, The THORChain graph formed a bullish patterns. We expect will touch it's low once again before moving up.
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$RUNE/USDT LONG SETUP
Leverage : x3 - x5
Entry Price : 5.98 - 6.47
TP 1 : 6.625
TP 2 : 6.76
TP 3 : 6.91
TP 4 : 7.16
TP 5 : 7.64
TP 6 : 8.37
TP 7 : 9.29
TP 8 : 10.15+
Stop Loss : 5.452
*Maximum 3% of Portfolio.
*Unload 12.5% at each TP. Whenever TP 2 hits, Move stop loss to entry.
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THORChain (RUNE) is a clear "WAIT" at the momentTHORChain (RUNE) is a clear "WAIT" at the moment...
... volume resistance has to be broken
... more volume for breakout needed
... breakout on OBV needed
What do you think? 😎
Drop me a nice comment if you'd like me to analyze any other cryptocurrency or do another comparison.
*not financial advice
do your own research before investing
Rune usdt long scenario.I feel bullish on rune, as we saw recent rally above 17$ even after its Hack attack on Thor Chain, fell from 22$ to 3$. Back up to 17$ showed growth potential as well as Community power and An outstanding dev team.
1) broke the recent trend line and need to close above 7.780 on daily time frame in order get back the bullish momentum. (OTHERWISE THIS SCENARIO FAILS)
2) major resistance 10.250 if that breaks we are back on the track to 17+ for sure.
3) Good news from the TC Devs Regarding Mainnet launch from Chaosnet, And they are working 24/7 to make the code flawless during Chaosnet so some system Halts were Expected and they want TC to be On point when Mainnet Launches. That caused a delay on current expectation of launch in the end of December (WHICH IS NOW EXPECTED TO BE END OF JANUARY OR Q1 OF 2022).
From these scenarios I speculate that Rune will be above 17$ for sure.