RUNEUSDT trade ideas
RUNE IS READY TO REIGNRUNE has some pretty great news in the coming days. They are gonna burn 60 Million RUNE which now has a face value of 360 MILLION DOLLARS. And this is being done as part of their upgrade related to the loan proposal against BITCOIN AND ETHEREUM.
People can borrow 50% of the face-value of your assets without paying any interest or getting liquidated against the loan that you borrowed.
This is gonna change a lot of things for the THORCHAIN adoption, when you can just park your BTC and get 50% facevalue as loan without paying any interest.
Highly BULLISH ON RUNE
RUNEUSDTRune Bounce Back from its Previous Support on Daily TF. As MSB(MArket Srtucture Break) is also happend in internal Structure on Daily TF.
Descending Channel is formed. If Rune Breakout this channel with strong volumn, then we can expect upside movement toward its SR (Support Resistance) Level.
#RUNEUSDT#RUNEUSDT
CRYPTOCAP:RUNE
Sometimes the market presents itself so cheap, we moving as expected, slowly but surely, expecting more pump on this coin
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THORCHAIN ANALYSIS - Could RUNE Be In A New Bull Market???As you may be aware, I've been closely monitoring the Top 50 cryptocurrencies recently and have formulated several hypotheses aligning with the Bitcoin pattern, based on strict metrics. However, one particular crypto deviates from this trend, prompting me to investigate further. Despite not fitting the established pattern, the inherent pattern suggests significant upside potential—I've even heard predictions of $180, a figure I find plausible.
I believe this crypto is poised for a substantial surge, and while I'm not suggesting a long-term trade idea just yet, I wanted to alert you to my observation.
If the bullish momentum continues to build, I intend to consider trading it.
RUNE is going up in the channelRUNE is going up in the channel.
🔵Entry Zone 5.506 - 5.778
🔴SL 5.0699
🟢TP1 6.1010
🟢TP2 6.7777
🟢TP3 8.4198
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Rune another leg up is loading!Rune another leg up is coming $7.7 is near.
●Was expecting Rune to retrace towards the Daily FVG (8 Feb) which would have been the buying area for Rune but Rune was too strong to retrace.
●At current Rune is trading above the Daily FVG(26 Feb), just hold it & upward targets remain
$6.488
$7.3
$7.777 swing target.
●In case the 26 Feb Daily FVG is lost then buy Rune at 4.890 & at 8 Feb Daily FVG.
Rune last leg in progress My target is 11 UPCOM:ISH
Confluence:
Bms for weekly structure via impulsive move
Touched first minor -ve OB
correction from impulsive move to 0.62 fib
I want previous week high to hold, then fly over the rainbow :/
Plan: build my entry between 5-6
Watching 4h price action; entry probably within a 15 god’s fvg
RUNE ANALYSIS🔮 #RUNE Analysis - Support and Resistance 🚀🚀
💲💲 #RUNE is trading around its major resistance zone and #RUNE is trying to retest the zone. If #RUNE breakout and closes above the resistance zone and sustain the higher price, it will indicate a good bullish move and will achieve the next target easily📈
🔖 Current Price: $5.387
⏳️ Target Price: $6.065
⁉️ What to do?
- We have marked crucial levels in the chart . We can trade according to the chart and make some profits. 🚀💸
#RUNE #Cryptocurrency #Support #Resistance #DYOR
Rune . Bull needs to show the hornsIf we are actually forming a 12 12 , bulls need to show some power here.
Otherwise, this falls into a category of a corrective wave and , i would keep my bias towards the red count, which doesnt have to mean that the pa will nececerily go down, but it is a sign of weakness.
RUNEUSDT.1DBased on the given market data, the currency RUNE is currently priced at 5.409 USDT. In terms of technical indicators, the RSI (Relative Strength Index) at different time frames (4h, 1d, 7d) are 64.93, 60.24, and 68.94 respectively. These values suggest that the currency is neither overbought nor oversold.
The MACD (Moving Average Convergence Divergence) for 4h, 1d, and 7d are 0.040, 0.160, and 0.752 respectively, which indicates a bullish trend. This is further supported by the Bollinger Bands (Bb) data, with the current price being below the upper band for all time frames, suggesting potential for price growth.
Looking at the support and resistance levels, the immediate support level in the 4h timeframe is at 5.224, and if it breaks this level, the next supports are at 4.947 and 4.408. On the other hand, the immediate resistance level is at 5.632, and if it breaks this level, the next resistances are at 5.980 and 6.113. These levels for the 1d and 7d timeframes are relatively higher, indicating a bullish market sentiment.
Considering the above analysis, it seems that there is a positive trend for RUNE in the short term. However, as with any investment, it is recommended to consider other factors such as news, market sentiment, and risk tolerance before making a decision.