THORChain Bull Case!Hello friends,
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The current levels of THORChain present an interesting opportunity for both long-term investors and swing traders.
It's consolidating around 1.1$ level and showing positive signals at this level.
As of now, it trades at 1.18$
For those looking to enter a position:
I recommend a Dollar-Cost Averaging (DCA) strategy while setting a stop loss at 1.00$
This represents a 15% downside from the current price, and thus, provides a risk-managed entry point.
Alternatively, for a safer approach, keep an eye on the key resistance zone between 1.80$ and 2.00$ for a potential bullish breakout.
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NFA
DYOR
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Good Luck!
RUNEUSDT trade ideas
RUNEUSDT needs the breakoutRUNEUSDT, After receiving a fresh infusion of liquidity from the Weekly support level, the price is now being tested against the daily dynamic support. This pivotal moment is attracting the attention of traders and investors alike.
The daily dynamic support represents a crucial level that indicates the ongoing strength of the market's upward momentum. By successfully holding this support, RUNEUSDT demonstrates resilience and the potential for further gains. Traders who follow the strategies outlined by Plancton, a renowned market analyst, are closely monitoring this development.
If the price manages to break out convincingly above the current resistance, it would adhere to Plancton's rules and generate a clear buy signal. This breakout could trigger a renewed wave of buying pressure, propelling RUNEUSDT towards the 1.220 $ area. This particular price level acts as a significant target for traders, suggesting the potential for substantial profits.
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Follow the Shrimp 🦐
Keep in mind.
🟣 Purple structure -> Monthly structure.
🔴 Red structure -> Weekly structure.
🔵 Blue structure -> Daily structure.
🟡 Yellow structure -> 4h structure.
⚫️ Black structure -> <= 1h structure.
Follow the Shrimp 🦐
RUNEUSDT wants new liquidity?RUNEUSDT offers traders the opportunity to engage in speculative activities within the cryptocurrency market while minimizing exposure to volatile price movements.
In terms of technical analysis, recent market trends indicate that RUNEUSDT has been testing a crucial support level. This support level has proven to be a significant barrier for price decline, acting as a floor for the trading pair. Traders and investors closely monitor this support level as it serves as a critical indicator of market sentiment and potential price reversals.
However, in the event that the support level is lost, a new short position may be established according to Plancton's Rules.
–––––
Follow the Shrimp 🦐
Keep in mind.
🟣 Purple structure -> Monthly structure.
🔴 Red structure -> Weekly structure.
🔵 Blue structure -> Daily structure.
🟡 Yellow structure -> 4h structure.
⚫️ Black structure -> <= 1h structure.
Follow the Shrimp 🦐
RUNE /LONGSRUNE long setup
Entry Price 1.366-1.340
Target 1) 1.41 (close 40% here and hold remaining with Stoploss at entry
• Target 2) 1.453 ( close 30% here)
Target 3) 1.498 ( close 30% here)
STOPLOSS 1.318
• LEVERAGE (cross 20x)
Use 10% funds only
Manage your risk accordingly
Use recommended leverage
CRYPTOCAP:RUNE is forming a diamond bottom pattern. We can see these pattern rarely and it's a highly bullish pattern and i am expecting a decent move in Rune from this point
XPERTCRYPTO LTD UK
RUNEUSDT LONGNot a financial advisor.
Trend change confirms for the last bearish trend on 4 hours chart, We are waiting for a simple/little retreat before the momentum comes in.
The first entry for the first green box (earlier entry).
The second entry is for the second box and if you are the kind that likes to hold your breath underwater, then the green line entry (late entry) is for you.
Target is 3 dollars.
Expected results: Min of1:22
We will be looking out for any red flags after entry cause this was not called on multiple/necessary confluences, it is more like chasing trade, you know.
Minimize your loss and follow proper risk management, this is not financial advice.
✅TS ❕ RUNEUSD: downtrend✅✅ RUNE rebounded from the resistance area.
The chart is moving in a downtrend.
We think that the asset will continue to decline. ✅
🚀 SELL scenario: short to the support area. 🚀
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Remember, there is no place for luck in trading - only strategy!
Thanks for the likes and comments.
RUNEusdt may be donerune/usdt. RUNEUSDT has recently exhibited a Descending Broadening Wedge pattern on the weekly chart, with wave ABC already complete and the coin preparing for Wave D. Price is forming a leading diagonal immediately after wave C, suggesting that the bullish trend may continue to form Wave D.
The expected target of Wave D is 50%-61.8% of Wave BC, indicating a potential price range of around $5.357-$6.986. We should keep an eye on this range as it may signal a potential trend reversal or continuation if price manage to break the zone.
Furthermore, the wave E is expected to form our Ultimate Buy zone, making it a critical level for us to watch. The Ultimate Buy zone is the point where the price of the asset is expected to reverse back up from the downtrend and start moving up again.
As with all technical analysis patterns, we should consider all factors before entering a position, including other technical indicators, fundamental factors, and market sentiment. While the Descending Broadening Wedge pattern suggests a bullish trend, there are always risks and uncertainties involved in trading.
Trade wisely and stay safe. Do not forget to appreciate my effort with your likes.
tankyou
please like
I love rune
RUNEUSDT; BROKE OUT OF RESISTANCE CLUSTERRUNE has just broken out of a cluster of resistance; almost a year old diagonal resistance, 1D MA 100 and 1D MA 200 while maintaining the higher lows trend line. A retest of all these flipped resistance is still possible and might lead to a fake breach of the higher lows trend line into the demand zone beneath. We can look for a buy setup upon the takeout
Runeusdt Trading opportunityRUNEUSDT has recently exhibited a Descending Broadening Wedge pattern on the weekly chart, with wave ABC already complete and the coin preparing for Wave D. Price is forming a leading diagonal immediately after wave C, suggesting that the bullish trend may continue to form Wave D.
The expected target of Wave D is 50%-61.8% of Wave BC, indicating a potential price range of around $5.357-$6.986. We should keep an eye on this range as it may signal a potential trend reversal or continuation if price manage to break the zone.
Furthermore, the wave E is expected to form our Ultimate Buy zone, making it a critical level for us to watch. The Ultimate Buy zone is the point where the price of the asset is expected to reverse back up from the downtrend and start moving up again.
As with all technical analysis patterns, we should consider all factors before entering a position, including other technical indicators, fundamental factors, and market sentiment. While the Descending Broadening Wedge pattern suggests a bullish trend, there are always risks and uncertainties involved in trading.
Trade wisely and stay safe. Do not forget to appreciate my effort with your likes.
Thanks
#RUNE/USDT Technical Analysis (REQUEST 18)
The first 15 charts for the following alts have been posted on my other social platforms:-
Check the links in my bio.
1. LQTY ✅
2. SOL ✅
3. DOGE ✅
4. MASK ✅
5. OP ✅
6. DATA ✅
7. SAND ✅
8. MOVR ✅
9. FTM ✅
10. GALA ✅
11. GMT ✅
12. METIS ✅
13. COTI ✅
14. ROUTE✅
15. ALGO✅
Tradingview Charts:-
16. BEPRO ✅
17. LTC ✅
I will be covering 14 more charts from here.
DM me if you have any requests, and I will try to cover them.
Let's get back to the chart.
RUNE is one of the strongest coins out there.
It's up 60%+ from the bottom.
Currently, hitting the local resistance.
IMHO, Buying the retest around the $1.5 area would be a smart move with a target of HKEX:2 +
Any dip will be a blessing.
For leverage traders, $1.4 to $1.7 is the trading range in the short term.
Let me know what you think and do hit the like button and share your view in the comment section.
Thank you
#PEACE