RUNEUSDT trade ideas
descending channel break outWhat Is a Descending Channel?
A descending channel is drawn by connecting the lower highs and lower lows of a security's price with parallel trendlines to show a downward trend. Officially, the space between the trendlines is the descending channel, which falls under the broad category of trend channels.
A more potent signal occurs with a breakout, which is when a security's price breaches an established channel's boundaries, either on the upper or lower side. When this happens, a security's price can move quickly and sharply in the direction of that breakout. If this move is in the direction of the prior trend, the descending channel would have been a continuation pattern. If the move is counter to the prior trend, the descending channel would have been a prelude to a reversal.
going long here on the potential retest guys.
RUNEUSDT: Bullish TrendRUNE/USDT is exhibiting a strong bullish trend, consistently forming higher highs (HHs) and higher lows (HLs). We are strategically waiting for the formation of the next higher low (HL) to enter a long position. Furthermore, spotting any bullish divergence at these new HLs will serve as a double confirmation of the ongoing bullish momentum. This setup presents an excellent opportunity for traders to capitalize on the upward trend. Follow for more detailed analysis and timely updates!
RUNE/USDTRUNE/USDT
Interesting price moment. Some key points I noticed
- Price dump got handsome rejection on yesterdays daily candle closing.
- Same happened today as it took support from exact same area from yesterday and it can make hammer candle on today's candle closing.
- This exact area is previous resistance and can give support now.
- Price action is clearly making HH.
Note: As always need to keep an eye on BTC as its on his previous resistance(Can be new support). If BTC showed some bullish movement then we are on the move.
RUNR: in channel📊Analysis by AhmadArz:
1. Support and Resistance Levels:**
- Support:** Around $6.100 and $5.995.
- Resistance:** Approximately $8.397 and $8.717.
2. Trend Channels:**
- The price is moving within an upward channel marked by blue lines.
- There is a clear uptrend with higher highs and higher lows.
3. Trading Strategy:**
- Buy Zone:** Enter buy positions around the support area of $6.100 by SL: $5.935.
- Target Prices (TP):**
- TP-1:** $6.731
- TP-2:** $7.298
- TP-3:** $8.284
4. Overall Trend:** The trend is currently bullish within the ascending channel. The price is expected to move towards the target prices if the support levels hold.
In summary, consider entering buy trades in the support zone and aim for the target prices within the upward trend channel.
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RUNE eyes on $ 4.31 for key Support and possible Launch PadRUNE eyes on $ 4.31 for key Support.
Possible launch pad for next leg up.
Failure of that level could drop hard.
This is a follow up to previous analysis
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Rune ready to take highs very soon Hello traders i hope you are doing well
Rune is looking good over here
i am targeting TP1 and fvg as its pending and market took downside liquidity and rest upside liquidity is not taken yet so its quite possible we go up from here sl can be below previous low
Follow me for more trade setups
#RUNE/USDT#RUNE
The price is moving in a bearish channel pattern on the 12-hour frame, and it adheres to it well, and it is expected to break to the upside
The price rebounded well from the lower border of the channel at the green support level of 4.50
We have a tendency to stabilize above the Moving Average 100
We have oversold resistance on the RSI indicator to support the rise, with a downtrend about to break higher
Entry price is 5.90
The first goal is 6.68
Second goal 8.32
Third goal 9.77
Alikze »» RUNE | Demand area supportIn the continuation of the daily time frame analysis, after the break of the trigger line and pullback to the broken structure, RUNE had a growth in accordance with the movement path, which again showed a positive reaction to this trigger line after correction.
💎 But in the 12H time frame, due to the momentum and upward guard and support in the green box, it can continue to grow after filling the FVG gap and breaking the trigger line up to the supply range and neck line.
💎 Therefore, in the first scenario: a possible scenario with support in the green box, we should see the FVG gap fill and climb up to the trigger line, which can continue this growth after its failure until the supply range.
💎 Second scenario: in case of weakness in the continuation of the trend and loss of the green box area, this correction can continue until 3.13.
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#RUNE/USDT Trade Setup, 50% potential run in the short term.#Rune broke out and is retesting as we speak.
Looks prime and probably a 50% gainer in the next few weeks!
TA looks great.
Target:- $10+, just needs to smash that $7.20 local resistance.
Invalidation will be a daily close below $5.96.
DYOR, NFA
DO hit the like button if you want me to post more.
Thank you
#PEACE
📈 RUNE Trade Analysis 💼Trade Overview:
RUNE has shown positive market movement this morning and is still in a favorable buy zone, making it an attractive option for a long trade.
Trade Technical Details:
Entry: Enter a trade at the break of the top of the range support level of $7.00. This indicates a potential upward momentum.
Take Profit:
First target: $8.00 - $9.00
Next resistance area: $10.00 - $11.00
Stop-Loss: Set a stop-loss just below $6.50 to manage risk and protect against a downside move.
🔍 Monitor RUNE's price action for trade execution and necessary adjustments! 📊 #RUNETrading #CryptoAnalysis 🌐📊
RUNE ready to pump! I'm just guessing. Let's see if I was right.The price reached the lower end of the channel and consolidated, indicating a potential move to the upside.
- The lines of the intermediate trend and the larger trend crossed in a bullish manner.
- The RSI is above the moving average.
- The chart prints blue pivot point signals below the price, which is an indication of a reversal.
The next move could be to the upside, or the trend might just fade.
RUNEUSDT.1DAnalyzing the daily chart for RUNE/USDT, we can pinpoint several crucial technical aspects to guide trading decisions.
Key Resistance and Support Levels:
Resistance 1 (R1): $6.314 - This level has acted as a recent peak, and a breakthrough here could indicate further bullish momentum.
Resistance 2 (R2): $7.940 - A higher resistance, which if surpassed, could signal a significant bullish trend continuation.
Support 1 (S1): $4.342 - This is the immediate support level that has previously seen buying interest, suggesting it could provide a rebound point if retested.
Technical Indicators:
Relative Strength Index (RSI): The RSI is currently at 47.04, slightly below the neutral 50, indicating a slight bearish bias but not far from a balanced market condition.
Moving Average Convergence Divergence (MACD): The MACD line is slightly above the signal line, suggesting a potential increase in bullish momentum. However, the histogram close to zero indicates that the current momentum is weak.
Trend Analysis:
The price is currently consolidating within a range defined by the support at $4.342 and resistance at $6.314. This consolidation suggests indecision in the market but also provides a clear setup for potential breakouts.
Conclusion:
The RUNE/USDT market shows signs of consolidation with a potential for upward movement if it can break above the resistance at $6.314. Traders might consider buying opportunities near the support at $4.342 with a close stop-loss below this level to manage risk. If the price breaks above R1, it may target R2 at $7.940, particularly if accompanied by increasing trade volume and further bullish indicators from the MACD.
Conversely, should the price break below the support level at $4.342, it could indicate a deeper bearish trend, possibly testing lower support levels not indicated on the chart. As always, monitoring the RSI and MACD will provide further clues to momentum and potential reversal points in the market dynamics.