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Thorchain

⚔ 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
Thorchain (RUNE) Bottom @ $2.98, 200% gain back to ATH @ $21.09Thorchain (RUNE) Update 19/10/21: Bottom @ $2.98, 200% gain back to ATH @ $21.09. Rune price targets from the current price level: 127.20% at $26.01 (259% Gain) 161.80% at $32.27 (346% Gain) 261.80% at $50.38 (600% Gain) 423.60% at $79.68 (996% Gain) Please see previous analysis below. Happy trading :) Thorchain (RUNE) Bottom @ $2.98 05/10/21: Thorchain (RUNE) Bottom found @ $2.98 on the 20th July, expect 200 MA retest and break above this key level @ $8. We expect RUNE to retest the ATH level over the next few weeks/months. From the 31st March until the crash on May 19th (48 Days), Rune rallied 167% from $7 to $21.27. Rune is on course to recover to previous Highs experienced during March, April, May as the 13 EMA crossover above the 50 SMA signals strong bullish momentum (Swing Call Script Activated). We have been buying the bottom since the crash for Rune between $3-$7 with long targets back to the ATH @ $21.27, 200% Gain from current price level. This will not be a straightforward push back to the ATH but we can expect 2-3 different push phases.
Long
by CryptocurrencyMagnet
👨‍🎤🎸 The RUNE, the Rune, the rune is on FIRE 🤘⚔️Professor is in a GOOD mood today. I know a break-out when I see it and Rune is the next potential break-out. I am listening to this by the way: www.youtube.com 👨‍🎤🤘 thorchain.org for fundamentals, if you don't know the project already. Market Cap at 2,3 Billion can easily reach 5 billion given to what is happening in comparison (ICP at 13 for example...why?) One Love, Let's PUMP IT UP party people! the FXPROFESSOR
Long
by FX_Professor
2
RUNE - Next to Pump?Chart is in our liking, over the biggest resistance and far away from all time highs..Looks good! Thorchain is a project we have covered before, not one of ur top-picks but definitely in our radar and occasionally in our portfolio. Could this be Rune'S WEEKEND TO SHINE? Possibly! News: How To Participate In The Rune & CoinMarketCap Airdrop NFTs and other digital items worth $75,000 will be won by 1,000 lucky participants. Another Airdrop Beckons The fantasy role-playing game, Rune, has launched a must-see airdrop campaign. Crypto tools website, CoinMarketCap will host the airdrop. In an August 25 tweet, Rune announced the campaign and disclosed what participants would be winning: "$70,000 in NFTs and Item Drops, 1,000 Winners!" the platform tweeted. According to the tweet, the airdrop campaign will last from Aug 25 till Sept 8, 17:00 UTC. One Love, the FXPROFESSOR
Long
by FX_Professor
7
RUNE/BTC { THORCHAIN } - BULLISH SETUPANALYSIS 🔎 - RUNE/BTC is printing the inversed head and shoulders pattern. - The inverse head and shoulders pattern is a bullish reversal pattern. - There's a breakout potential. BUY ENTRY ⬆️ - Market entry: current market price. - Stop limit entry: breakout above the inverse head and shoulders neckline resistance (@0.00022119). - Limit entry: Retest of the right shoulder's horizontal support level . TARGETS 🎯 - Fibonacci extension levels. SETUP INVALIDATION ❌ - Breakdown below the right shoulder's horizontal suppor level (@0.00014537).
Long
by Chibuike_Odoh
RUNE last line of supportOn HTF, another catastrophy could lead to RUNE if the line of support(red line) broken, following 8M hacked. A lot of volume trading here. Rune already down 85%. Long-Term-Hodler start DCA anytime from here. ''THORChain(RUNE) is a highly-optimized multi-chain with an efficient consensus algorithm called Yggdrasil protocol. It is based on practical Byzantine Fault Tolerance (pBFT). Overall, RUNE is providing unique solutions to current critical blockchain and cryptocurrency exchanges issues of low liquidity, interoperability, and safety. With Yggdrasil Protocol, RUNE can overcome scalability with vertical sharding which has a throughput of 100k transactions per second with less 10k nodes and 1 million transactions per second with less than 80k nodes.'' In simple word, RUNE make it possible to swap between native assets across different blockchains. Yet, hacking issues giving RUNE devs a room of improvement to become more secure. Fundamentally, this coin is the best tokenomic in the world so far.
by vanperso
3
RUNE / Thorchain dies on thor'sdayfound this was just far too coincidental, wouldn't you? Well, famous J.P. Morgan says these lines, “Millionaires don’t use astrology, billionaires do,” Trading Disclaimer: All trades and ideas posted from this account, including setups, are given for educational purposes only. 95% of trades never win, and instead realize losses. Trading involves risk, there are zero guarantees that you will win any given trade, including this one or others related to it or this account. If you follow any setups, you do so at your own risk, taking full responsibility of any actions and / or outcomes. Nothing posted is to be taken as financial advice. The information and opinions presented by this account should not be construed as investment or trading advice, and is not meant to be a solicitation or recommendation to take actionable trading on any asset, cryptocurrency, securities, or any other tradable digital asset. All content presented is for entertainment and education. No Financial Advice. Past performances are not a guarantee of future outcomes and or results: trading involves strategizing probabilities, there are no expectations on any given trade. Always do your own research and consult a team of professionals from finance and law before proceeding with any type of action in personal finance. All information provided by this account is a general market commentary and does not constitute investment advice or financial advice. None of the information communicated in this accounts tradingview publishings are financial advice and/or incentives, solicitng, advertising, manipulation tactics, and any other malicious behaviour - no, solely for entertainment purposes ONLY.
Short
by The_Clown_of_Smyrna