RUNEUSD trade ideas
THORCHAIN / RUNE cup & handle - short term bottom seems to be inRUNE has had a fast recovery since the May 18th Crypto market liquidation event. It has formed a clean cup & handle.
Price target: 15+ within 10 days.
Rune to the moonrune weekly chart is extremely bullish ya'll. this is just a hunch, but im planning to put a bit of order in green area to buy some.
this is personal idea as always and shouldnt be considered or used as signal.
wish y'all happy trading.
siavosh
RUNE and CTSI long coz sundays/mondays biggest gainerThe Re-entry long worked out on RUNE and CTSI both coins had a crossover the 30 VWMA and then continued higher.
I only do this type of buy higher trades on the biggest gainers of the prior days...
Usually these type of moves only last for a couple of hours...
Taking position on RUNEDecide for yourself, but given the fact that Real Vision is giving this so much attention and the pattern of a Wave3 looks validated.. i'm taking a position right here :-)
$RUNE - Will be looking to buy the ODIN ZONE on this coin. Mixed signals from this coin have me guessing at whether the ABC is done yet or not. On one hand we have confluence on this bounce matched with the 0.5-0.55 fib regions. On the other hand I'd like to see a deeper correction on this wave 4 matched with divergences across the board. I'm about 70% sure we will see RUNE hit the .618 region before making its next leg into ATH. Don't forget your SLs and Trade Safe!
RUNE / THORChain in bullflag
RUNE has been chopping for almost two weeks now. It's almost time for an ATH.
Since the crypto market is in shambles, RUNE may test a lower low (10.5 - 9.7). It may also just go direct to the higher levels.
Expect chop and set levels accordingly. This is not financial advice.
Resolution time: 7 days or less
Target: 14+
RUNE / THORChain in Rising ChannelThis is a pattern that eventually leads to price stabilization.
Bullish target: 10.9 → small pullback to ~10.00 → 13
Bearish Case: Hard floor: 8.8 → If broken, 7.5
Time frame for pattern: 10 days or less
RUNE / Thorchain in a clean bullish wedgeEver since the 80%+ run up, RUNE has been in a consolidating wedge. I expect resolution time to before April 8th, risk/reward points to bullish.
Target: 10.5 -> 11.8 --> 12.5
Resistance: 9.2 - 8.8 - if broken, wedge is invalidated.
Event risk is always one of the most profitable but also riskiest market opportunities. In this case, due to the extensive testing done by Thor devs, I lean bullish.
This is not financial advice.
RUNE to the MoonI dont even know how to expand past the price on this chart any further on tradingview, anyways Rune to PT of $100 by 12/31/2021 just because.
RUNE / ALPHAIf you misssd rune your chance is now with alpha. Rune formed a massive ascending triangle weeks ago while at a 150-200 million market cap. Alpha is printing the exact same structure with a $400 million market cap and much more to come. Do as you please
RUNEUSD Short Reasons to sell
Overextension of the RSI on the 4hr
Bearish DIV on 1hr and 2hr
Last time we saw a move like this was 04 Nov 2020 with a 20% correction happening
Strong resistance at $6
Head and shoulders still intact (but subject to change as we are in a bull run and this is a bearish pattern) low success rate in bull runs
Could see price revisit $4.80
Reasons to buy
Very strong bullish daily candle with a breakout of the descending channel
Doji at support level on 25th March
Good news came out in regards to ASGARDEX/Multichain going live soon
RUNEUSD (Thorchain) analysis updatePrice has gone up around 15% since yesterdays analysis, however i still see there being further downside on this pair. While this has gone up, ETH and LTC have stayed relatively stagnant, while BTC is currently ranging between 50-55k.
As shown on the chart we can see a head and shoulders pattern has formed along with a hanging man at the strong resistance level around $5.80-$6.00. We can also see that price has shot up straight into the TL where we could see a rejection from.
I also find usually when price shoots up during the Asian session/early morning GMT time, we usually see a reversal of this movement later on in the day producing a wick on the daily candle. I still see BTC hitting at least 49k which will also bring ALTS down further and adding confluence to this analysis.
And finally we are also nearing the end of the monthly candle. If we close around the level we are at now, we should see a wick in the new monthly candle into $4.20 before a continuation of the uptrend.
Crypto Market & RUNEUSD Technical Analysis & Predictions 3/24/21*DISCLAIMER: I am not a financial advisor and this is not financial advice or a recommendation to buy or sell as these are purely my opinions and speculations. I may also own or trade any of the symbols and cryptocurrencies mentioned in this video so do not make your trading or investing decisions based on this video. I do not guarantee any results nor am I responsible for your actions. You should always do your own due diligence before trading or investing in this market as it is extremely risky. Affiliate links are also included in this same video description section here and if you decide to support me by using any of them, I may receive a referral bonus or commission.
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*Let me know in the comment section if you agree or disagree, would love to hear your ideas too.
RUNE ascending triangleRUNEUSD (thorchain) showing ascending triangle pattern
Break of this should see upside past ATH
BTC very volatile recently, trade with caution!
Potential LongRUNE is forming a falling wedge on the 1h time frame and the rsi is showing bullish divergence.
Let's wait and see if we get a volume confirmed breakout the next time price hits the upper trend line.
The pattern would be invalidated if price were to fall below the dotted line.
Please do your own research.
