RUNE - Good Potential LONG trade#RUNE/USDT #Analysis
Description
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+ RUNE has unmistakably breached the resistance and is currently consolidating within a defined range.
+ The successful retest of the price reinforces the bullish sentiment, indicating a potential continuation of the upward trend.
+ With this in mind, I anticipate further price appreciation and am initiating a long trade with a risk allocation of 2% of the capital.
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VectorAlgo Trade Details
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Entry Price: 9.05
Stop Loss: 6.75
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Target 1: 10.5
Target 2: 13.6
Target 3: 16.5
Target 4: 19.6
Target 5: 25.5
Target 6: 31.0
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Timeframe: 1D
Capital Risk: 1-2% of trading capital
Leverage: 5-10x
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Enhance, Trade, Grow
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VectorAlgo
RUNEUSDT trade ideas
Rune will 15x in 2024! Buy this coin immediately.Technical analysis
Rune is an extremely bullish coin and will hit a new all-time high relatively soon! It's still a good time to buy this coin and make a very nice 1500% profit this year. Why? As we can see, the coin is breaking out of the descending parallel channel on the weekly chart. Always wait for the rarest, but the retest already happened, so I don't think this coin will go down anymore. You can take the profit early or hold it to my ultimate target, which is a 1.618 FIB extension. Volume is extremely high, we have almost a record, which confirms my idea!
Let me know what you think about my analysis, and please hit boost and follow for more ideas. Trading is not hard if you have a good coach! Thank you, and I wish you successful trades.
What Makes THORChain Unique?
THORChain enables native asset settlement, allowing users to swap Bitcoin, Ether, Stablecoins, and other coins across 9 distinct blockchains. THORChain does not wrap or peg assets, instead it allows value to be exchanged from one coin on one blockchain to another coin on another chain.
THORChain uses a unique system to help mitigate the issue of “impermanent losses” — or the often temporary losses that a liquidity provider can experience when contributing to liquidity pools. It achieves this by using a slip-based fee to help ensure liquidity stays where it is needed.
THORChain combines a range of novel technologies, including on-way state pegs, a state machine, the Bifröst Signer Module and a TSS protocol to seamlessly facilitate cross-chain token swaps permissionlessly. This is all kept behind the scenes, making the platform accessible to even inexperienced traders.
The protocol isn't profit-oriented. All fees generated by the protocol go directly to the participants eg. node operators and liquidity providers, and there are no provisions for the team. Instead, the team is incentivized by simply holding RUNE — just like everyone else.
THORChain enables Streaming Swaps which allow large swaps to be broken up into many smaller swaps over time, which significantly reduces swap fees for users.
Other than swaps, THORChain offers single-sided liquidity provision through Savers. Users can provide Layer 1 assets such as BTC and earn single-sided yield without impermanent loss.
THORChain also hosts a flagship Lending protocol where users can borrow against their native BTC or ETH and receive a USD-denominated debt in the asset of their choosing. The loans have no liquidations, no interest, and no expiration.
Let me know what you think about my analysis, and please hit boost and follow for more ideas. Trading is not hard if you have a good coach! Thank you, and I wish you successful trades.
RUNE going for $20 easy!Rune created a weekly FVG/BISI and traded down into the C.E of the FVG..
●just saw Rune late ,if I were saw it earlier I would have given you a buying level.
Entry 1 FVG high
Entry 2 C.E of FVG
●If Rune traded down j to these 2 levels again you have to buy it and targets will be:
$13 & $17 simple
●Rune is ready to go high.
Would you believe patience is a ViRtUrE... *** Would you believe patience is a ViRtUrE... If yOu KnOw then YoU KnOw ***
RUNE Info
THORChain is a decentralized liquidity protocol that enables users to easily exchange cryptocurrency tokens over the network without the need for intermediaries. This is achieved by creating a liquidity pool that automatically establishes prices and provides liquidity for trading.
The key feature of THORChain is its ability to facilitate secure, fast, and reliable cross-chain asset operations. This means that users can directly exchange one cryptocurrency for another, even if they exist on different blockchains.
The RUNE token in THORChain is used as collateral for validators in the network and to ensure liquidity in the liquidity pools.
BINANCE:RUNEUSDT
RUNE/USDT bullish reversal from support?👀🚀RUNE Today analysis💎Paradisers, take note as #RUNEUSDT demonstrates a significant uptick in momentum from its support level, positioning it for a potential breach of the $11.508 resistance barrier if the current trend persists.
💎 Historically, #RUNE has experienced a bearish pattern, with a tendency to form lower highs and lows. However, a recent uplift from the $7.264 support level is generating optimism for a bullish reversal, particularly as it continues to leverage this support to possibly navigate beyond the mentioned resistance.
💎 In the event that #RUNE faces challenges in sustaining its drive at the $7.264 support, we are on the lookout for a bullish resurgence from an alternative support level at $6.433. Should it fall beneath this critical juncture, a further decline could be in the cards. It's essential we remain vigilant and ready to adjust our trading approaches in response to the market's movement.
THORChain RUNE Price wondering where to turn nextThe RUNEUSDT price does not behave like most altcoins or even BTC.
So, we can assume that MM is leading it "where it needs to go."
The previous wave of RUNE price growth was also "on its own" - it was driven up without any correction and despite negative news inputs on the market.
We don't know whether the same situation will happen again now, but we will be watching the price of THORChain token very closely around $5.25
- If it is fixed higher, then we take the blue scenario as a reference point.
- If sales begin and the price does not go above $5.25, then the red scenario will become quite realistic.
Frankly speaking, after such a wave of growth as we had in the second half of 2023 (almost uncorrected), it would be nice to see a deeper correction, perhaps even to $2.40
If we don't see this, then the targets for the pump are much higher, and we will need "to jump on board" in time
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⚡ RUNE Trade Setup ⚡📊 Analysis:
Market Observation: RUNE is experiencing resistance that may convert into support, presenting a potential buying opportunity.
Current Situation: The buy zone spans from $6 to $7.4, with a secondary buy zone from $3.2 to $4.2 for further accumulation if prices drop.
Strategy: Utilize dollar-cost averaging (DCA) within the specified buy zones, with additional dry powder reserved for potential lower levels, such as $4, in case of a significant sell-off.
Entry Points: Initiate buys within the $6 to $7.4 range and consider additional purchases within the $3.2 to $4.2 range.
Take Profit: Target profit-taking at the next areas of resistance, aiming for $13 and $20.
Stop Losses: Implement a soft stop at a daily close below $5 to manage risk, with a hard stop set at a daily close below $3 to mitigate losses.
🌐 Note: Stay vigilant for confirmation of support conversion and potential upward momentum before entering positions. Adjust the strategy based on market dynamics and consider factors such as trading volume and overall market sentiment.
RUNEUSDTRUNEUSDT is in strong bullish trend.
As the market is consistently printing new HHs and HLs.
currently the market is retracing a bit after last HH, which is 50% Fib retracement level and local support as well. if the market successfully sustain this bullish confluence the next leg high could go for new HH.
What you guys think of this idea?
RUNE TWO LONG SETUPS Holding above 4.246 is bullish and you can set a stop below which is good R R.
Below that I would look at 3.316 where there is also a 200DMA and an excellent price for DCA
Below I will post my zones where I am looking to insert DCA on this altcoin because there is already a big discount
Ascending Apex: RUNE's Breakout Poised to Chart New Heights
Trendline Breakout: The central focus is on the cyan trendline that has been capping the price. A close above this trendline would signify a breakout, indicating bullish momentum. We will be watching for a decisive candlestick close above such a resistance trendline as confirmation of strength before initiating a long position.
Retest Strategy: A conservative and strategic approach involves waiting for a retest of the breakout level, which was previously resistance and may now turn into support. Entry at a retest offers a favorable risk-to-reward ratio because it allows for a tighter stop-loss just below the retested trendline.
200 EMA and the 50 EMA: The price is currently above both EMAs, suggesting a short-term bullish bias. The EMAs also appear to be providing dynamic support for the price action.
Overall Uptrend: The broader perspective shows RUNE in a general uptrend, which is the direction of the path of least resistance. A trend-following trade in an uptrend typically carries a higher probability of success of this trade.
Market Sentiment: Staying attuned to overall market sentiment and news specific to RUNE will provide additional context for the trade, as fundamental factors can swiftly impact technical setups.
In summary for now we are not doing anything and we will be watching closely where today's Candle will close. The close above the cyan trendline followed by a retest offers a prudent long entry point with a confluence of bullish indicators. Patience in waiting for these conditions to be met could provide a more confident entry with a well-defined risk profile. The current position of price relative to the EMAs and the general uptrend add further weight to the bullish scenario. However, it remains critical to monitor the trade and adjust to any new market information or technical developments.
Peace out.
RUNE/USDT LONG MIDTERM The coin is excellent to pump during the growth of the market, the technical cycles of this coin are clearly visible on the graph, we also see the divergence and figure of Adam and Eve, I believe that we can soon see the potential growth of this asset at least 200 % min
First tp - 5.62
2nd tp - 7.96
*** If the market maker wants to surprise the length of the start, then insurance orders will be 0.91 and 0.433
ATH ?? Potential future price development of RuneIt sounds maybe too optimistic about the potential future price development of Rune (RUNE) based on its current price trajectory. If the market capitalization reaches around $5 trillion and there's a steady increase in dominance, i foresee a new all-time high (ATH) for RUNE. It's essential to consider various factors, including market conditions, project developments, and broader industry trends, when making price predictions. While my assessment reflects confidence in RUNE's potential, it's crucial to monitor the market closely and adjust your strategy accordingly to manage risks effectively. Pls feel free to comment
Disclaimer: The views expressed here are for informational purposes only and should not be considered financial advice. Cryptocurrency investments are subject to market risks, including price volatility and loss of capital. Before making any investment decisions, individuals should conduct their own research and consult with a qualified financial advisor