RUNEUSDT trade ideas
RUNE is turning to bearish trendOn the chart, we have an important level, which we determined that if we have several 4-hour candles under this level, the bearish view on the rune will increase, and the second confirmation is a bearish ch, which, if it occurs, can drop the price to the green area.
For risk management, please don't forget stop loss and capital management
Comment if you have any questions
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RUNE channelization analysisThis is an analysis based on channelization.
Remember that most of the time everything is reflected in the chart and you should look for signs.
We have had a diagonal channel that the price has faked out twice, which shows selling pressure.
We have also had a dynamic support that has been broken and the price has not been able to recover it.
Now all buyers will become sellers and RUNE will experience a lot of selling pressure.
The bottom channel is the adjacent channel.
I specified the targets.
RUNE FIRST ZONE HIT, ABOVE THERE ARE TWO MORE ZONESI will post below where I set the zones earlier, and the first one was hit. The day has not closed yet, so you should be careful. Keeping the price below 6.5$ is a success for this trade
POC from 1. July-13.MAY.
From the other levels we have, it is weekly $7.9, VAH of the same range and full liquidity at 11.6
It is up to you which zone you choose, and how you enter the trade
RUNE USDT: SOLD ALL OF MY RUNE... I sold my first 50% on my previous chart that I failed to gauge the right top.
Now, here I am again thinking that this will be the top. Relatively it is. More on sentiment reasons. I will not explain further, since the explanation are very much the same with the previous chart I did. Here it will be just a bit more detailed and applied with sentiment.
SOLD 6.9 I just find it funny, and related to the fibs. Tried to drag it further while still respecting the levels. Thank you. PS: I added Trend line. I will short accordingly.
RUNE TAKE PROFIT OR QUICK SHORT An explosion that needs to end. I said that I'm still optimistic about this coin, but profit has to be taken somewhere.
Important levels marked, it's up to you how you will enter/exit.
Divergences are slowly showing, but I am of the opinion that we can go even higher for that liquidity
$RUNE to break upper trendline for Double Extension 5th WaveCRYPTOCAP:RUNE price action relates to two impulse 5th wave extension in Elliot Wave.
1. A Typical 5th Extension where the 5th wave stays under the trendline then make it corrective waves, or
2. A Double Extension impulse where it breaks the upper trendline to a max of 261.8% Fib.
Somehow it did however showed some characteristic of Double extension during wave 3, finishing above 1.618% , with wave 5 just under 161.8% of wave 3.
Breaking the upper trendline will confirm its structure.
Moreover CRYPTOCAP:RUNE did retraced a significant amount around 31% after wave 3, and ended in a c-wave failure.
Some caution though, as extended 5th wave will often break the upper trendline only to quickly retrace 61.8% - 95% of the entire 5th wave.
Interesting to see how this will play out as most of the its run is contributed by a great product market fit, by means of cross-chain Decentralized Exchange using Streaming swaps of native BTC, ETH.
Rune can Possibly Rune ManyLooking like a possible Deviation from here on Rune.
Entering a short from here with tight Sl because more upside(around 9.3) is still possible from here if break above.
Shorting because of the RuneBtc pair have to retrace to support(high possibility) and might be quick.
Risk is managed.
Trade type: Risky
Trade Short⬇️
Entry: 6.45-6.50
Tps: Looking for 5.3 and 4.3
Sl holding above 6.55 or clean sl can be 6.6
Risk Reward is good though.
Note: Not a Financial Advice
RUNE - Short term Double Top Hello traders,
On a few of the lower timeframes we see a slight bearish divergence forming with our RSI. Where price continues to climb higher but the strength is diminishing.
On top of that we just formed a double top at $6.67. Since this is on the lower timeframe I would not say its the strongest signal, but wanted to put this on your guys radar. If we do see a pull back, the first levels I would be watching for is around the $5.20 level as that would be a retest of our orange symmetrical triangle and also our long-term purple trendline.
Title: RUNE/USDT Bullish Continuation PatternTitle: RUNE/USDT Bullish Continuation Pattern
Bias: Bullish
Description: RUNE is consolidating in a bullish pennant pattern after a significant upward move, typically a continuation pattern.
Direction: Anticipate a potential upward breakout.
Entry: A convincing breakout above the pennant's upper trendline, near $5.3892 (24 SMA).
Stop Loss: Below the pennant's lower trendline around $5.4672.
Targets: First target at $5.7602, with a longer-term view towards $7.00 or above.
Caution: RSI nearing the midpoint suggests to wait for a decisive move. Be wary of false breakouts; confirmation with volume is key.
RUNEUSDT (4H) - Bearish reversalHi Traders
RUNEUSDT (4H Timeframe)
Waiting for the downward break of 4.860 support level which will complete a bearish trend reversal pattern to go SHORT. Only the upward break of 6.090 would cancel the bearish scenario.
Trade details
Entry: 4.860
Stop loss: 6.090
Take profit 1: 4.100
Take profit 2: 2.870
Score: 4
Strategy: Bearish reversal
RUNE 3Omins inefficiency RUNE created inefficiency under the 30mins bearish OB and the liquidity need to be grab before our previous long triggered
Good to short from the unmitigated bearish above to 1hr bullish below where our entry point for long is.... Manage your risk and always take profit
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