RUNE Trading at a Demand Zone of an Equidistant ChannelIf RUNE can hold this level within the Channel and above the moving averages we will likely see it rally up to the strongest nearest S/R levelup at around $3.7
RUNEUSD trade ideas
RUNE/USDT Strong shortShort target 1.06$-1.11$. And that's all.
This analysis is based on Elliot Wave theory. (I didn't add waves because the chart will be overloaded). Have a lovely week.
THORChain (RUNE) - Renko chart updateTHORChain - Renko chart update
The last support line work pretty well - no RUNE has to break the next resistance line
Renko-Charts filter out the noise and give a clear TA picture
Tell me which Crypto you want to see as a Renko-Chart TA
*not financial advice
do your own research before investing
RUNEUSDTThat's a long-term analyse and as we see we're actually in a support wich i think we'll go up from here. let's see what'll happen, but we shouldn't forget that; "waiting for confirmation is so important".
RUNEUSD Staging a medium-term buyThorchain (RUNEUSD) is on a very strong two-day bullish streak with the RSI breaking above its June 06 high. Last time we posted a trade on RUNE, it was the 1D MA50 (blue trend-line) that helped us identify a confirmed buy:
The token has been trading within a Channel Down pattern ever since its May 18 2021 market top. As you see, on both Lower Lows formations, the buy confirmation came when the price broke above the 1D MA50. A Bull Flag (Channel Down) followed and then a Lower Highs was made. As a result, and with the similarities on all of RSI sequence evident, this rise is most likely the set-up for that 1D MA50 breaks that could lead to a Lower High around the 4.5 Fib extension (8.000).
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RUNEUSD ❕ try of breakoutRUNE is trying to break the boundary of the trading range.
Trading volumes show interest in price growth.
The asset is above large liquidity.
Main MAs are bullish (1H TF)
Price has fixed above the 50MA (4H TF)
RUNE is in the overbought zone of the BB indicator (1H and 4H TFs)
The reversal signal down TD Sequential was ignored (1H TF)
Price is in the overbought zone of the RSI (30m TF)
I think that from the current levels price can test the support level, but it is worth waiting for a fixation above the resistance level before further growth.
$RUNE Slipping lower, fakeout, June pump.Guided by lines. Gradually slipping lower, fakeout, June pump on entire market. But not a good enough pump, until October.
Rune long is failIm gonna wait this price because btc already fail breakout the important resistance
#THORChain #RUNE without the noise - good entry pointsTHORChain RUNE without the noise - good entry points
These Renko-Charts are great for more calm and clear view - so we see the potential good entry area and the next support if $2.85 breaks.
Do you use Renko-charts dear Crypto Nation?
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 - ANOTHER LEG UP?We've seen this in the past. Is history going to repeat itself? If so, prepare for another 3x!
Rune completed Elliott wavesHello everyone !
As you can see all waves have been completed, So it might be the time for the price to retracement, I think if Rune loss the 3 Dollar Support Level, Its safe to say that this token would loss a lot of value.
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thorchain in the 2nd wavecrab harmonic pattern:
X=$45.2
A=$0.004
AB=0.38 XA
BC=0.38 AB
1.6 BC=$0.32
2 BC=$0.54
2.24 BC=$0.74
2.6 BC=$1.21
3.6 BC=$4.55
0.78 XA=$6.17
4.23 BC=$10.28
0.88 XA=$15.65
1.13 XA=$151
6.85 BC=$323
1.27 XA=$567
1.41 XA=$2047
1.6 XA=$14167
Rune/USD Short term bearish before breakoutRuneUSD has pulled back from the upper trendline resistance
The most probable scenario in the short term is gonna be a pullback towards its support around 8.35$, which is an area where i would accumulate.
After this, and if support will hold, we should re-test the upper trendline around 10.73$, before breaking out of the triangle pattern.
If a clear breakout occurs, the target should be around 16.55$
This should help get a medium term picture of the opportunities offered by Rune atm.
Enjoy staking moar coins!
Rune 4h TradeSetup: Rune has been up on an uptrend recently and has bounced off its 200D EMA, meaning the uptrend is still intact. Furthermore, Rune has good fundamentals in its ThorSwap, increasing demand for Rune
Entry: 9.6445
TP: 11.816( trail using SAR)
SL: Trailing SL using SAR
THORChain (RUNE) with bull flag breakoutTHORChain (RUNE) with bull flag breakout and room to grow on RSI.
Furthermore we got a nice bullish divergence even visible on the daily chart.
A break of $14.61 (FIB 78.6%) and the bull party can start.
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 in healthy correctionTHORChain RUNE in healthy correction after bearish divergence on RSI.
This correction started at FIB golden pocket ($12.13-$12.60) as I proposed 2 weeks ago.
A correction to volume support at $6.37 would be healthy and not concerning for Bulls.
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
RUNEUSD 50MA SupportIn this small downtrend formed on RUNE the 50MA has been tested twice and rejected bullishly both times, this is happening again on the 50MA currently, price will likely bounce off the 50MA and break the down channel
The 100MA was tested once during this downtrend (orange)
RUNE - daily timeframe viewpointCurrent momentum is still downwards . Price action is slowing down and can be considered rangebound. Break of either range will dictate its next move. Short-term higher highs or lower lows will be required. Once we receive these we should see the setup play out.
Trade safe,
Sunny Kumar
