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RUNE

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RUNEUSD trade ideas

Thorchain (RUNE) about to go 1100%?Dearest reader, Welcome back for yet another great analysis, there is alot to unpack on the chart above so lets dive right in. Thorchain has seen a brutal crash/retrace of a whopping 87% since december regarding their financial situation around the thorfi hack. There is always something right? Ignore the FUD and look at the chart, it's screaming ''buy buy buy!'' Lets go through the chart from left to right. 1. Lower support line, has seen 5 confirmations so far, dating back all the way to 2020 (Small 1's) 2. Bullflag. Has seen 6 confirmations of this channel (green circles) and had a breakout in november 2023 3. Retest of BOTH 1 and 2, the upper line of the bullflag and also the support line since 2020 4. Stochastic RSI is oversold, sellers are exhausted, makes sense! it has seen a 87% drop allready. MFI has seen the lowest point in the history of this token (17) and has been moving back up. Note: Stochastic RSI is a lagging indicator and MFI is forward looking. Both look bullish If the pattern from 2020 would repeat that could mean that by august this year we will see a price of 11 dollars yet again, that's a whopping 1100% from this point. Target: 11/12$ Entry: 1$ Stoploss: 0.75$ (There is some support here, so even when this area is hit it might still bounce up. ~Rustle
BINANCE:RUNEUSDLong
by Rustlingjimmies
Weekly Timeframe Analysis (RUNE/USDT)This weekly chart provides a broader perspective and helps identify longer-term targets and trends. 1. Price Structure (Elliott Wave Projection): The chart suggests a potential 5-wave Elliott structure, implying a medium-to-long-term bullish reversal pattern. Wave (1) starts from the current support (~1.2 USDT) aiming towards ~6.1 USDT. Wave (2) is projected to pull back after reaching ~6.1 USDT. Wave (3) could extend up to ~16.7 USDT, making it the strongest wave based on Elliott Wave Theory. Wave (5) targets the ~20.99 USDT region as the final bullish extension. 2. Ichimoku Cloud: The price is still far below the weekly Ichimoku cloud, signaling a strong long-term bearish trend. However, the current price level (~1.28 USDT) is near historical support and the chart indicates a possible long-term reversal. 3. RSI (14): RSI is currently at 28.90, near the oversold region (<30). Historically, price has often bounced from this zone in previous cycles (e.g., late 2022 and early 2023). 4. MACD: MACD is deeply negative and currently flattening, suggesting selling pressure is fading. A bullish MACD cross could occur in the coming weeks, supporting the long-term reversal scenario. 5. Major Buy Zone (Long-term accumulation): 1.20 - 1.30 USDT: This is the key accumulation zone. Historically, this has been a strong base where bulls stepped in. Considering the weekly timeframe, this zone offers high potential with a favorable risk/reward ratio. 6. Major Take-Profit Zones: TP1: 6.12 USDT (First significant target aligned with Fib 0.236 level). TP2: 10.62 USDT (0.5 Fibonacci retracement level). TP3: 13.14 USDT (0.618 Fibonacci zone - strong resistance). TP4: 16.71 USDT (extended bullish scenario). TP5: 20.99 USDT (Fibonacci extension target if a full bullish cycle plays out). 7. Summary & Strategy: The setup suggests a long-term bottoming process at current levels with room for a potential multi-wave bullish structure. Accumulate between 1.20 - 1.30 USDT. Consider scaling out at each TP level based on your risk appetite and market conditions. Stop loss idea: Below 1.00 USDT (to protect against breakdowns).
BINANCE:RUNEUSDLong
by Bicoinmoney
Generational long opp, -86% in 36 days at historic support Longing this is one of the biggest no brainers ive seen in my over decade of experience trading these markets. Holders: BTC holders have most money objectively, they love RUNE Price Level: Monthly close from Aug 20 to form pattern for breakout to ATH Mean Reversion: -86% in 36 days buys you some security Resilience: RUNE has demonstrated this historically, and will self-govern its way back to focusing on cross chain exchange with an emphasis on BTC Recommendation to governance is to be the axelar of BTC and earn fees in BTC that buyback RUNE.
BINANCE:RUNEUSDLong
by Paradigm9
1
RUNE Stock Chart Fibonacci Analysis 021425Trading Idea 1) Find a FIBO slingshot 2) Check FIBO 61.80% level 3) Entry Point > 1.45/61.80% Chart time frame: B A) 15 min(1W-3M) B) 1 hr(3M-6M) C) 4 hr(6M-1year) D) 1 day(1-3years) Stock progress: B A) Keep rising over 61.80% resistance B) 61.80% resistance C) 61.80% support D) Hit the bottom E) Hit the top Stocks rise as they rise from support and fall from resistance. Our goal is to find a low support point and enter. It can be referred to as buying at the pullback point. The pullback point can be found with a Fibonacci extension of 61.80%. This is a step to find entry level. 1) Find a triangle (Fibonacci Speed Fan Line) that connects the high (resistance) and low (support) points of the stock in progress, where it is continuously expressed as a Slingshot, 2) and create a Fibonacci extension level for the first rising wave from the start point of slingshot pattern. When the current price goes over 61.80% level , that can be a good entry point, especially if the SMA 100 and 200 curves are gathered together at 61.80%, it is a very good entry point. As a great help, tradingview provides these Fibonacci speed fan lines and extension levels with ease. So if you use the Fibonacci fan line, the extension level, and the SMA 100/200 curve well, you can find an entry point for the stock market. At least you have to enter at this low point to avoid trading failure, and if you are skilled at entering this low point, with fibonacci6180 technique, your reading skill to chart will be greatly improved. If you want to do day trading, please set the time frame to 5 minutes or 15 minutes, and you will see many of the low point of rising stocks. If want to prefer long term range trading, you can set the time frame to 1 hr or 1 day.
BINANCE:RUNEUSD
by fibonacci6180
RUNE/USD Elliott Wave Analysis: Bullish Wave 3 Elliott Wave Analysis: Bullish Wave 3 Confirmation The updated chart suggests that Wave 2 of the Elliott Wave cycle is nearing its completion, and we are positioned for the beginning of Wave 3, the most impulsive wave. Wave 2 Levels and Structure Price Levels: The correction of Wave 2 has retraced briefly but is finding support at the 50% Fibonacci retracement level around $3.01. The 78.6% retracement level at $1.40 remains a critical invalidation level for this wave count. Volume: A declining volume during the correction supports the idea of a consolidation phase, typical before the next impulsive wave. Support Zone: Primary support levels are: $3.01 (50% retracement): Key psychological and Fibonacci support. $2.20 (61.8% retracement): Structural support level. $1.40 (78.6% retracement): Ultimate invalidation for this bullish count. Wave 3 Projection Using Fibonacci extensions of Wave 1 for projecting Wave 3: 1.618 Extension (Primary Target): $12.88 – Typical target for Wave 3. 2.0 Extension (Extended Target): $15.40 – Strong wave momentum scenario. 2.618 Extension (Highly Optimistic): $30.17 – Maximum potential target for a parabolic move. Momentum Indicators MACD: The MACD on higher timeframes (weekly) is attempting to flatten, signaling that bearish momentum is decreasing. A bullish crossover will confirm Wave 3 initiation. RSI: The RSI is currently stabilizing near 40-50, a typical zone where corrections end and new impulses start. Watch for RSI to cross above 50 as a confirmation of strengthening bullish momentum. Trade Strategy Entry Strategy: Accumulate positions near $2.20-$3.01 (61.8%-50% retracement levels). Confirmation entry on a breakout above $3.50, which aligns with Wave 1's high. Stop-Loss: Conservative: Below $2.00 (below 61.8% retracement for minimal risk). Aggressive: Below $1.40 (78.6% retracement, Wave 2 invalidation). Targets: Take Profit 1: $12.88 (1.618 extension). Take Profit 2: $15.40 (2.0 extension). Take Profit 3: $30.17 (2.618 extension). Risk-to-Reward: With an entry near $2.50 and a target of $12.88, the trade offers a R:R ratio of ~4:1. Confirmation Signals Break of the $3.50 resistance will strongly confirm Wave 3 initiation. Increasing volume and MACD bullish crossover are essential for validating the impulsive move. RSI moving above 50 will confirm upward momentum. Conclusion The updated price levels and Fibonacci projections align well with the start of Wave 3. The $2.20-$3.01 range presents an excellent accumulation zone, while the first major resistance at $3.50 must break to confirm the bullish wave count. Maintain tight risk management, and monitor volume and momentum indicators for entry confirmation.
BINANCE:RUNEUSDLong
by WaveFibs
RUNEUSD: Rebound at the bottom of the Channel UpTHORChain is neutral on its 1D technical outlook (RSI = 45.391, MACD = -0.566, ADX = 34.736) as it recovered the bearish action of Wednesday. That was straight after the price made a new HL at the bottom of the long term Channel Up. The 1D RSI is rebounding in the exact same way as the August 5th 2024 HL. We are bullish, aiming for the 0.618 Fibonacci level (TP = 5.8300). ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
CRYPTO:RUNEUSDLong
by InvestingScope
2
RUNE Indicator AnalysisRune chart is looking quite bullish. This Token did not have these kind of gains, like we can see on the Crypro Market (e.g. XRP, XLM, HBAR, ADA, ALGO). But I believe, this is due to RUNEs chart-structure. The Chart seems to be in an earlier stage of the Cycle. The Coins named in brackets seem to be the fruntrunners of this Cycle. Projects like Rune could in my eyes start gaining momentum, and slowly catch up to the leading ones. (This scenario of course requires the whole bullrin to continue) Technicals: Since Jun 23, the 4day-BullmarketSupportBand (blue band) is providing beautiful support and resistance throughout the wohole timeframe. Over the last 60 days it has been a strong support. The Price bouned off to the upside. -> This is a very bullish sign in my eyes. Elliott-Wave sub structure is creating a clear picture in my eyes, as well indicating a move to the upside.
BINANCE:RUNEUSDLong
by PF_Analysis
1
Watching RUNEUSD Crypto Up 6.5% so far today. At breakout level On the 15m chart you can see the current blue candle 15m pink vertical line indicating time/date (I'm in Australia), I had this red line marked as a resistance price and above this price RUNEUSD should continue to breakout more. Up 6.5% so far today, a good day for a Crypto can be 20% to 40% so early days. I will wait for confirmation of a breakout of this zone and price just above current price. I will look for a retrace and retest of this breakout price and then I will alert here. Cheers. www.tradingview.com
EIGHTCAP:RUNEUSDLong
by Easy_Explosive_Trading
1
My brand new indicator-combos (100%free). Reversals+so_much_more Youtube is littered with trading strategy's, as one strategy finishes another one is starting to play causing indicator-fomo, that's right, my new label and type of trader-FOMO which intentionally or otherwise keeps you going from strategy to strategy and in the process continually chasing your tail and leaving you to be diagnosed with analysis-paralysis through no fault of your own, too many indicator strategies dumped on you. I don't do this on Youtube, I figure theres enough people regurgitating the same trading information, plus often the same talking heads who are promoting indicators in a paid endorsement. On the other hand, I am not afilated with ChartPrime, Bjorgum or any of the other indicator owners / developers whos' indicators I am simply borrowing for free to come up with my Strategy, which for all cents and purposes can be formed into varioius strategeies but all from the 1 Chart and indicator suite, sort of like a swiss army knife but only covering the strategies that are of interest to me, 1. Pullback trading with trend (200ema is below current price action) Or Reversal trading causing a new trend (riskier setups), but with additional confluences (that I offer) can be positive in finding a reversal. The first indicator I use for this is called.
EIGHTCAP:RUNEUSD
by Easy_Explosive_Trading