RUNEUSDT trade ideas
Rune "Unlocking Potential: The Perfect Entry Point for ProfitsShort Fundamental Analysis of RUNE
Native Cross-Chain Swaps: THORChain is a decentralized liquidity network that enables users to swap cryptocurrency assets across different blockchains without the need for intermediaries or wrapped tokens. This eliminates the risks associated with bridges and wrapped tokens, such as centralization and security vulnerabilities.
Trustless and Secure: THORChain's design is based on a secure and trustless protocol that minimizes the reliance on trusted intermediaries. The network is secured by its native token, RUNE, which incentivizes validators to maintain the network's integrity and security.
Growing Ecosystem: THORChain has a growing ecosystem of decentralized applications (DApps) that are built on top of its network. This includes DEX aggregators, lending protocols, and synthetic asset platforms.
Potential for Scalability: THORChain's architecture is designed to be scalable, with the ability to support a large number of assets and users. The network is currently in the process of implementing several upgrades to improve its scalability and performance.
Recent News
THORChain has announced a partnership with the Cosmos Hub, which will enable the two networks to interoperate more seamlessly. This integration will make it easier for users to swap assets between THORChain and the Cosmos ecosystem.
THORChain has also announced a new feature called "Savers Vaults," which will allow users to earn yield on their RUNE holdings by providing liquidity to the network. Savers Vaults will be a risk-free way for users to participate in THORChain's ecosystem and earn rewards.
Disclaimer
The information provided in this summary is for informational purposes only and should not be considered financial advice. Please conduct your own research before making any investment decisions.
RUNEUSDT.1DBased on the provided market data, the currency RUNE is currently trading at a price of 5.823 USDT.
From a technical standpoint, the 4-hour Relative Strength Index (RSI) is at 77.35, which is typically considered overbought. This could indicate that the market may be due for a correction or pullback. The Moving Average Convergence Divergence (MACD) for the same period is 0.302, suggesting a bullish trend.
On a daily scale, the RSI is at a very high 90.94, which is significantly overbought and could indicate a potential market correction in the near term. The MACD for the daily timeframe is 0.766, which is bullish.
Looking at the Bollinger Bands (Bb), the currency is trading slightly below the upper band in both the 4-hour and daily timeframes, indicating that it is trading near a high range, which could suggest a potential pullback.
In terms of support and resistance levels, the immediate resistance on the 4-hour chart is at 5.849, followed by 6.432 and 6.351. The supports are at 5.153, 4.563, and 4.102. On a daily basis, the resistance levels are at 8.962, 11.900, and 13.700, while the supports are at 3.446, 2.137, and 1.357.
In conclusion, while the currency is in a bullish trend as indicated by the MACD, the high RSI suggests that it is overbought and may be due for a correction. Traders should proceed with caution and consider setting stop losses to protect against potential downturns. This is just an analysis and not a trading advice. Please do your own research before making any investment decisions.
Is that RUNE ready to go north?RUNE has been completed their descending broadening wedge after 308 days in 1W chart. but no need to rush since there are some many momentum to do. I personally will wait for several weeks for retest in 1.65 - 1.78 range or break confirmation in 2.02u
Also, 1.4u is a good for set stoploss range as a fakeout
NFA, DYOR
Runeusdt Big Buy opportunity RUNE has exhibited a bullish breakout from its prevailing downtrend resistance. This shift often indicates the potential commencement of a new upward trend or, at the very least, a temporary bullish phase.
Notably, we're anticipating a potential pullback towards the recently breached trendline. Historically, a retest of such a trendline after a breakout can provide a robust buying opportunity. If the price does revisit the trendline and respects it as a newfound support, it would pose an excellent buy opportunity. It's expected that the trendline will act as a strong defensive line against any bearish push.
The upside target for this potential long setup has been marked on the chart. As always, it's vital to ensure you have a clear exit strategy in place.
Ensuring proper risk management is critical. Keep a keen eye on the price action as it approaches the trendline. Should the price close beneath the trendline, it would likely invalidate our bullish outlook, suggesting the need for a strategy reassessment.
RUNE SCALP SHORT, STILL BULISH FOR LONGin the analysis below I have shown two scenarios that I see (the link will be in the description) rejection from 2.2 or continuation of filling all levels up to 3.35.
Since the second scenario happened, I expect a slight cooling to at least 2.7, and if it is risky to short the upward trend, Daily divergence on RSI is displayed and at 4H it is already taking place.
I remain bullish on this coin, but I will certainly try to hedge position
RUNE - the power of thor (god of market making)RUNE - the power of thor (god of market making)
yeh so RUNE was an absolute beast last run. like FTM. and SOL and a few others.
these beasts did 100x+
naturally i am playing their return pumps.
RUNE also, uniquely, has an interesting real world appeal. a defi system that is able to run independently of central regulation choke points. this is going to be a big deal as regulators and big bankers come into take control of this market. and they will. this token embodies some of the original cyber punk ideals that actually bought some of us in. i understand now its all about the pump but back then most of us loved the idea of crypto smashing the shackles of the everyday person allowing us to p2p money with strong fundamentals by way of solid algo and decentralization.
anyway i do like RUNE . lfg degens
Dont RUNE it! Elliottwave count. If you find this information inspiring/helpful, please consider a boost and follow! Any questions or comments, please leave a comment! Also, check out the links in my signature to get to know me better!
Leaning on this count for now.
A return to 3$ would be Ideal if it turns here.
Cheers!
#RUNEUSDT #LQR #TOBTC #LaqiraProtocolThe price is close to its daily resistance after crossing the important resistance of $3. If the price is corrected. you can look for reasons to enter after confirmation according to your own personal strategy in certain support zones. This analysis is a personal point of view and it is not an offer to buy or sell.
RUNE ShortThis is my trade righ now. Entry at $2.801..looking to go $2.7 ...retest at $2.87..and so on..dropping to the 0.618 Fibb. This is a bearish scenario...but even if it is a bull market happening we will still see the lows of $2.3
Again this is my take on this coin...I am short on it. Please be kind with comments.
We all need to start somewhere.
Thank you Trading View Community
RUNE │ LONG │ 31.10.2023BINANCE:RUNEUSDT.P
Comment
In fact, this situation is not standard for me, but there is something that seems special. Normally, when an instrument experiences a significant increase over a short period, a typical reaction to such growth is a correction. However, I do not see this behavior in the instrument. Instead, I observe an unusual pattern where the instrument starts consolidating. Such behavior indicates the intention of the instrument to move in the same direction as before. Another strong signal for a breakout is that despite BTC and the broader market gradually moving lower, our instrument is gradually moving higher. This suggests that there is a strong presence in this instrument that can go against the crowd.
A day trader's task is to try to find traces of a major player, understand what they are doing, and where the instrument is likely headed, then join them. In this case, I'll be joining the buyers.
If the price starts to sharply decline, I will cancel the order and monitor the price throughout the day to see if it resumes an upward move or if I should remove the instrument from my watchlist.
Signals for level breakout
consolidation near the level;
there is no reaction to a strong instrument movement;
there is a reserve of technical ATR;
the instrument is not following the market.
Signals against breaking the level
there is little ATR remaining;
Order parameters (risk-to-reward ratio = 1 to 3)
Open : 2.8322640;
Stop loss : 2.8159440;
Take profit :35.8972240;
Disclaimer
Every trader should make their trading decisions based on their own analysis and circumstances. The signals in this channel should be considered as an additional tool for your own consideration.
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