RUNE/USDT 4H - Extension Breakout SHORTI've been looking at RUNE, After being able to set what seems to be a pretty good range, I'm going to wait for that Fibonacci extension to see how to price reacts at that zone.
-We have a juicy node that matches that 4h level
-Breakout seems playing well, currently looking for support trendline after breaks
-Waiting for the same reaction in BTC, that might be delayed
*Could be.. retest of the POC to jump to that 4h level.
RUNEUSDT trade ideas
THORCHAIN RUNE: Is It Going to Dump Hard?BINANCE:RUNEUSDT has been on my watchlist for a while, and based on this analysis, I have a bearish sentiment on RUNE.
Let us see how this will play out in the next couple of days.
What are your thoughts about this analysis? Share them with me in the comment box.
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Cheers!
ThorChain - RUNEUSDT.PAs you can see in the chart, we see an insane rise, but I think this rise is now over, I share the analysis in the daily time frame, but I will share the H4-H1 images from it, you can make your own analysis and take action, your priority is to use stop, strong needles can flake your money.
Reversal Pattern, chance to buyChart 4H TF
BINANCE:RUNEUSDT has broken up and gone up to resistance zone around 1.62
Chart 1H TF
It's broken down ascending trend line and trading at 1.58x now.
I figured out some good signals for reversal
- Reversal Pattern: Head Shoulders
- ChOCh at 1.57
- Strong Resistance Zone around 1.6x
- Fake Breakout
So I expect price will down to support zones at 1.56, lower 1.52
Wait and see what happen
RUNE Cooling OFF!The short term oscillators are pretty heated and in peaks on their wave formations. Stochastic RSI and RSI is starting to crest loosing momentum. I expect a move down to retest $1.50. The $1.60 area is looking like a strong resistance. This is not a long term setup!
Stop Loss: $1.575
Profit level 1: $1.50
Profit level 2: $1.42
Profit level 3: $1.38
Much peace, love health, and wealth!
[Altcoin] RUNE Perspective - Weekly Timeframe - September 4, 202Context: After breaking out in a Falling Wedge Reversal (FWR) pattern, the price is currently in the process of back-testing a new support area (break-out area around 1.19x). It's also pulling back towards the EMA-20 line, forming a Decrease Triangle Reversal (DTR) pattern. This week's closing candle is a shooting star with a long upper shadow and a small body.
Trendline / EMA: The price is following the DTR pattern in the current price range to retest the FWR pattern, with the Trendline back-test approximately 20% away and EMA about 10%. Additionally, the price is forming a temporary support around 1.3x, which is providing some stability.
RSI / MACD / MFI: These three indicators are showing a declining trend, having formed peaks and moved sideways while the price is retracing. However, they still remain relatively bullish.
Analysis: After more than a year of sideways movement (from May 2022 to August 2023) within the Falling Wedge pattern, the price has finally broken out. Based on the current technical indicators, the likelihood of an upward trend persisting is high. However, from the current price range, there is still a possibility of a further 10-20% decline before resuming an upward trajectory.
THORChain (RUNE) formed Gartley for upto 21.50% pumpHi dear friends, hope you are well and welcome to the new trade setup of THORChain (RUNE) with US Dollar pair.
Previously we I shared a long-term trade setup which produced almost 340% pump as below:
Now on a daily time frame, RUNE has formed a bullish Gartley move for the next pump.
Note: Above idea is for educational purpose only. It is advised to diversify and strictly follow the stop loss, and don't get stuck with trade.
RUNE/USDT is Ready For a Potential Correction | RUNE Analysis💎Paradisers, turn your attention to RUNE/USDT. Currently, it's meandering within a falling channel, and we're on high alert for a possible downward breakout in the near future.
💎If this breakout unfolds as we expect, prepare for a swift corrective movement.
💎It's important to highlight the two verified order blocks in the shorter time frame. These zones are probable targets for the THORChain (RUNE), considering the liquidity present there.
💎Reflecting on past trends, we saw a transition from a demand to a supply zone, resulting in a significant price drop and targeting the previous Order Block (OB).
💎In the ever-evolving landscape of crypto, staying vigilant and flexible is essential. Keep those charts refreshed and stay tuned for more updates! 🌴
Be carefulThe recent rise of the currency is a triple rise, not a five-year rise. It is a corrective rise only, and it will return to a strong decline again, All data and explanations are mentioned on the drawing.
Please clarify that I am helping you with my point of view, which may be right or wrong, and see my previous analyzes of many currencies and forex in order to judge the owner of this analysis with a more accurate look
Good luck
RUNE Coin is on the long sheet with 1.499 levelAIHermes has identified RUNE Coin on the long sheet with 1.499 level
Entry model - breakout! 20X leverage
On the growth of Bitcoin, the coin made an impulse and gave a movement of 15%!
Stop short Leverage 20X
Almost 300% to the amount of the trade!
Trading from levels - it's simple, clear and safe!