RUNEUSDT trade ideas
Rune Long if breaks throuth 1.63 on Aug 17, 2023
Structure Breakout: waiting
Red -> Green
Context: Green
RUNE, RUNEUSD, RUNEUSDT, RUNEUSDT.P, CRYPTO, CRYPTOCURRENCY
DISCLAIMER
This is only a personal opinion and does NOT serve as investing NOR trading advice.
Please make your own decisions and be responsible for your own investing and trading Activities.
rune shortHow to Trade Using the SMC Trading Strategy:
We would learn Smart money entry patterns and methods such as:
SMC Reversal Entries
How to identify valid CHOCH.
Major and Minor change of character (CHOCH)
Aggressive Entry setup
Entry Methods:
Firstly let us examine the entry method we can use in the SMC trading strategy. Smc entry methods are divided into two major subcategories namely:
The reversal entry method
The continuation entry method
The reversal entry method can further be divided into two namely:
Change of character (CHOCH) or change of market structure.
Flip entry setup.
Rune 1H ( Bearish Scenario ) After its recent 70% growth over the past few days, the cryptocurrency symbol Rune has reached the strong resistance level of $1.7 on the daily timeframe. Expecting a correction and a price reversal from this area is not out of reach
In lower timeframes, wait for confirmation to enter a short trade. Correction can potentially start from here, or it could initiate a correction by placing sell orders above $1.7. Keep an eye on it
RUNE : BACK TO R LEVELRUNE seems interesting for the low time frame, we will check in the coming time if this coin is able to break out to $1.68 and from there a confirmed building trend.
The reason for the update is the important small-time confirmation.
There is a good chance for a breakout in the coming time.
✴️ THORChain Short-Term ShortWhat goes up, must come down.
It is normal to see a correction/retrace after strong growth, this is the case for RUNEUSDT.
We saw a very strong rise in price and now we are witnessing a retrace.
After the retrace is over, we can expect additional growth.
Support levels can be seen on the chart.
Signals supporting this call are: Volume, inverted cup pattern, break below EMA21/10.
Namaste.
Rune/usdt recent update "RuneUSDT on Higher Time Frame:
As we said in our earlier analysis, Rune dropped by 10-15%, but it didn't reach our main target
For now I anticipate a correction of around 30-40% in Rune's price in the next few days. Overall, I am bullish
Remember, this is just an idea. Research before making decisions.
Best of luck! If you're happy with our content, please consider supporting us. Happy trading!"
RUNE USDT PERP Hello Trader BINANCE:RUNEUSDT.P
resistance area has been touched in 4 hours and positive reject for the short term. this is for scalping in the immediate area as the chart is dominantly bullish.
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Disclamer: Not Financial Advice
Falling Wedge | Reversal soonWeekly Chart
BINANCE:RUNEUSDT has downed over 96% from ATH and RUNE's in the Falling Wedge. That means it can be reversed soon
Daily Chart
BINANCE:RUNEUSDT is trading at 0.92x and going down to the support (Fair Value Gap) around 0.87
We can BUY if RUNE reject that level
Wait for next move
🔥 RUNE 1-Year Downtrend Break OutAs the title suggests, RUNE has now broken out through a 1-year resistance line that has kept the bulls in check. In my view, this could be the start of a bigger longer-term trend.
Since we're quite overbought at the moment, I'm, waiting for a small pull-back before considering an entry. Stop just below the resistance, target at the August 2022 highs.
Rune at resistance#Rune will go in 1.25 - 1.40 Range.
If it breaks red descending channel then it will enter in green Ascending channel and will start hitting targets 1.69 - 3.00
If it retest 1.10 range then it's ok but if any daily candle closed below it then risky.
This is just an update/analysis.
This is not a signal.
For complete signals with Entry Stoploss Tp
Contact @srtradersAdmin
Rune/Usdt Update Rune/usdt
In our previous discussions, we talked about a Rising Wedge / Bearish channel, but Rune doesn't seem to be following any bearish patterns
Right now, I think the price might go down by around 20-30% after it reaches the 1.40-42 level. Let's wait and see.
Remember, this is just an idea. Before making any decisions, do your own research.
Best of luck! 👑
If you're happy with our insights, please consider supporting us.
Wishing you successful trading!
RUNE. Governance token for the descending channel.The price did not touch the upper border of the channel for almost 500 days. Assets with a capitalization like RUNE classically behave characteristically to patterns. We are testing the middle of the channel for the fourth time and imo it will be broken, besides, at the moment there is a positive info background on Twitter around RUNE and its bridge/swap. RSI also allows the upward movement to continue.
So, it is logical to expect 113% gain if your glass is half full... Or after testing the middle of the channel, the fall will continue if your glass is half empty.
$RUBE Adam and Eve Pattern Performing in 1dWhat is the Adam and Eve Chart Pattern?
Adam and Eve is a bullish and bearish reversal chart pattern that appears in a downtrend or uptrend. The pattern was first mentioned in the book Encyclopedia of Chart Patterns by Thomas Bulkowski, and until these days, it is a relatively unfamiliar classical chart pattern to many traders worldwide.
In essence, Adam and Eve is a variation of double top and double bottom patterns and is only slightly different from the traditional double bottoms/tops. The pattern is marked by the first bottom or top, the Adam, then the price moves up or down and creates another U-shaped where we can see Eve.
So, instead of having two peaks like in the double top or double top (or three peaks for the triple bottom and the triple top pattern), Adam and Eve is formed by two highs – the first is a peak while the other has a round shape.
Overall, it is an excellent chart pattern to find entry levels as it gives you double confirmation of the price failing to break above or below a specific price level.