Thorchain "RUNE" long - will start moving soonRUNEs chart looks super strong both in short and long time frames. A daily close above 5.4 can be the starting point of a fairly quick 35% move to the next target which is 7.3.
Strong fundamentals will sooner or later be reflected in the price. I think an explosion in price is a possible scenario. We are currently in a market where it may soon be too late to take a position, if you're a rune bull, it's definitely time to be ready to take a position or add.
If BTC starts to move rapidly upwards I see RUNE accelerating in price - non financial advice.
RUNEUSDT.P trade ideas
Ride the rune today!Rejection at past range POC but we are currently range bound and above the local POC.
Expecting to break through as RUNEBTC also shows a sign of confluence (simple resistance to support flip)
By toggling the log chart, a basic 5 wave structure is easily seen. Wave 3 is currently impending
Although this could turn into a standard correction, (ABC, etc.) we are still bound to reach the VAH of the past range. IT IS A HARD TAKE PROFIT 1!
It is too good to be true but this asset's wave 1 is a 1000% the possibility is never 0
Hard stop loss will be the low of the local range! (4.4)
Entry: 5.15
SL: 4.4
TP1: 6.7
RUNEUSDT Forms Bullish Triangle PatternRUNEUSDT Technical analysis update
RUNE has been trading inside the triangle for the last 30 days and is now moving toward the breakout on the 4-hour chart. If the breakout occurs, we can expect a significant bullish move. The price is trading above the 100 and 200 EMA on the daily chart, which act as support for the current triangle.
RUNE’s chart shows signs of a potential breakoutCRYPTOCAP:RUNE ’s Daily chart shows signs of a potential breakout, positioning it as a good opportunity for traders. Here’s a quick breakdown of the recent market analysis:
Stop Loss: 4.574
Take Profit (TP):
TP 1: 5.648
TP 2: 6.319
TP 3: 7.407
The daily chart looks ready to break out, but it’s important to keep an eye on liquidity issues.
The liquidity on centralized exchanges (CEX) is shrinking, and most of the action has moved to decentralized exchanges (DEX).
This is a classic PvP (player vs. player) scenario, where low liquidity across the board means slower movements, but for those playing the game right, there’s a chance for rewards.
Rule:
- I don't trade more than 3% of my capital (in leverage account).
- If the price hit TP 1, I will exit 25% of the volume, and I will put the stop loss in the Entry Price
- If the price hit TP 2, I will exit another 25% of the volume, and I will put the stop loss in TP 1.
THORChain Bullish Since June 2023 (955% Target Revealed!)If we were to calculate our end target, $55.55 as a new All-Time High in 2025, from the June 2023 bottom, total growth would amount to 7,047%.
With each passing day, week and month, growth potential becomes smaller. That is why I like to get those pairs trading at the bottom, near support. The lower the entry, the higher the potential for growth.
Some pairs are moving up while others are moving down. Here we can see how THORChain has been bullish since June 2023. We saw some pairs that bottomed December 2022 and we are seeing some pairs that are hitting lows now such as CTSI and CTXC.
For the purpose of spot trading, even though all pairs are good, we get the ones trading at the bottom because they offer less risk and a higher potential for reward. While the bull-market tends to promote growth all across, those that are ahead tend to have less room left for growth.
Some other examples are those chart that I shared recently with 2,000%, 3,000% and even 4,000% growth potential. The reason why the potential is so high on these, is because they are still trading at bottom prices, while others have been growing for years. So a big market, strong variations. This is all good.
We can choose what works best for us. Today this pair is good, at another time we can choose another one. We have the advantage of having the BTC side of the market, and we caught all those at the bottom and many are still at the bottom. The disadvantage of the USDT side of the market is that many are already too advanced. Buy low, to sell high.
Here we have RUNEUSDT moving straight up. The recent correction hit the 0.786 Fib. retracement level for the full wave that started in June 2023. This is the standard reversal point. We have the cup pattern and prices trading above local support. Additional growth is possible as shown on the chart but this is based on the long-term.
Patience is key.
Buy and hold —let the market take care of the rest.
No leverage, no margin; no risk.
Thank you for reading.
Namaste.
#RUNEUSDT Ready for a Major Breakout From the Falling WedgeYello Paradisers! Are you prepared for what could be a game-changing move of the #RUNE? Let's look at the latest analysis of #THORChain:
💎#RUNE is currently showing strong potential for a bullish continuation from a critical support zone at $3.50. We've been closely monitoring #THORChain as it follows a falling wedge pattern, and it now seems poised to break above the descending resistance line. The internal resistance at $5.43 is the next key target for #RUNE.
💎If #RUNEUSDT holds firm at this level, we might be on the brink of a significant bullish rally, reminiscent of previous market moves. A breakout above the crucial resistance at $5.43 could set the stage for a push towards the next resistance zones, potentially taking us even higher.
💎However, it's crucial to exercise caution. If momentum weakens at this critical support, we could see a pullback to the lower support area around $2.53-$2.78.
💎Stay vigilant and keep a close watch on CRYPTOCAP:RUNE 's price action. A daily close below this demand area could invalidate the bullish scenario and open the door to further declines.
Stay focused, patient, and disciplined Paradisers.
MyCryptoParadise
iFeel the success🌴
Rune: Rolling or Rune dIf you find this information inspiring/helpful, please consider a boost and follow! Any questions or comments, please leave a comment!
Bullish Scenario:
Price Holds Above $4.945: If the price holds above this interim high and continues to follow the Elliott Wave structure, it may head toward the next Fibonacci extension target of $6.50 and beyond.
Bearish Scenario:
Price Breaks Below $4.945: If the price drops below the $4.945 support level, it would indicate a deeper correction or possible invalidation of the current bullish count.
Invalidation Below $4.565: If the price falls below $4.565, the current bullish wave count would be invalid.
In conclusion:
Bullish if price holds above $4.945, targeting $6.50 and higher.
Bearish if price drops below $4.565, indicating further downside potential.
Trade Safe.
Trade Clarity.
#RUNE/USDT#RUNE
The price is moving in an ascending channel on the 1-day frame and is sticking to it very well
We have a bounce from a major support area in green at 2.80
We have a downtrend RSI that has been broken upwards which supports the upside
We have a trend to stabilize above the 100 moving average which supports the upside
Entry price 4.00
First target 5.20
Second target 6.28
Third target 7.75
RUNE/USDT- Short Setup forming then mother of all longs!the over all of the structure is bullish, breaking its previous High on Daily and 4 hourly.
there was no pull backs in betwee, it was a clean run.
After every bos, we expect a pull back - in internal structure, 1 hour and 15 mins, bearish divergence is forming and price is still making higher high and higher lows,
waiting for the price to break its last higher low, then will wait for the price to come towards supply and then short from there till grean box, as it is a demand zone for the HTF and the overall structure is bullish so will be looking for buys later
RUNE — Ready For A Ride? At the end of August, RUNE made a significant breakout from its long-term downtrend channel, signaling a strong trend reversal. Moreover, it was followed by multiple successful retests, adding further credibility to the changing momentum.
In addition to the breakout, RUNE has also formed an inverse head-and-shoulders (H&S) pattern, a classic reversal indicator. This further solidifies that RUNE is poised for a continued bullish move.
Here's what we can do 👇
Entry Strategy:
We have two possible entries depending on the market.
• Entry 1: A clear break above the $4.5 level. This would confirm the bullish breakout and give more confidence in continuing the upward move.
• Entry 2: If RUNE pulls back, a bounce from the $4.2 level after a successful retest offers another substantial entry opportunity. This bounce would affirm the $4.2 level as solid support and a potential higher low.
Targets:
• Target 1: $5.0 – This psychological level offers the first apparent resistance and a potential (smaller) profit-taking zone.
• Target 2: $6.3 – If RUNE maintains its bullish momentum, this level becomes a key target for further gains.
💡If the broader market remains bullish, we can consider adding higher targets as the trend continues.
Eyes on $4.50 BreakoutRUNE is currently trading at $4.12, showing bullish momentum on both the 1-hour and 4-hour charts. Recent developments in the DeFi space and strategic partnerships, like with Kujira, are enhancing liquidity and platform growth, which could drive further price action.
Indicator Breakdown:
Volume (4H): 1.555M - Significant increase, indicating heightened interest and activity in RUNE.
Parabolic SAR: $3.80 on the 4H, signaling strong bullish support just below the current price.
SMA (4H): $3.96 - Price is above the SMA, reinforcing the bullish trend.
Bollinger Bands:
1H Upper: $4.16 – Price is testing the upper band, signaling overbought conditions in the short term.
4H Upper: $4.16 – Consistency across timeframes suggests further upside potential if the upper limit is breached.
Stochastic (4H) : %K at 83.67, %D at 64.88 – Shows momentum in the overbought zone, indicating a possible short-term pullback before continuing upwards.
RSI (4H): 59.02 - Nearing overbought, but with room for growth, supporting the case for continued price increase.
MACD (4H):
Histogram: 0.003 - Positive momentum but mild; MACD line above signal line suggests growing bullish momentum.
ADX (4H): 14.27 - Low trend strength, suggesting a cautious approach, but rising volume could trigger stronger directional moves.
Short-Term Prediction:
RUNE is on the verge of breaking $4.16, which, if sustained with rising volume, could see it pushing towards the $4.50 resistance level. Watch for a breakout here—this level has historically acted as a cap for short-term rallies. However, if RUNE faces rejection at $4.16, expect a pullback towards $4.00 or even $3.80, which are strong support levels.
Call to Action:
We could engage now!
With RUNE approaching key resistance levels and trading at $4.12, this could be a pivotal time for traders and investors. Watch closely for a breakout at $4.16 or a potential retest of $4.00 for a better entry point.
RUNE/USDT: LOOKS READY FOR A 100% PUMP!!Hey everyone!
If you're enjoying this analysis, a thumbs up and follow would be greatly appreciated!
RUNE looks good here. Breaking out from the falling wedge pattern in a 12-hour time frame and currently retesting the wedge. Buy some here at this retest level and add more in the dip.
Targets:- $4.96/$7.22/$8.88
SL:- $3.18
What are your thoughts on RUNE's current price action? Do you see a bullish pattern? Share your analysis in the comments below!
Buy Trade Idea for RUNE (THORChain)Description
RUNE, the native token of THORChain, presents a promising buy opportunity due to its strong fundamentals and growing role within the decentralized finance (DeFi) space. Key factors supporting RUNE include:
Cross-Chain Liquidity: THORChain enables seamless, decentralized cross-chain trading between major cryptocurrencies, including Bitcoin, Ethereum, and others. This positions RUNE as a critical asset for facilitating liquidity across various blockchain networks.
Growing DeFi Ecosystem: As DeFi continues to expand, THORChain plays a vital role in supporting decentralized exchanges (DEXs) and liquidity pools, creating significant demand for RUNE tokens within its ecosystem.
Token Utility: RUNE is essential for network governance, security, and liquidity provision. It acts as a settlement asset within the protocol, making it an integral part of THORChain’s growing ecosystem.
Increased Adoption: With THORChain gaining attention from the broader DeFi community and its protocol improvements, the adoption of RUNE is likely to grow, driving long-term demand.
These fundamental factors make RUNE an attractive option for investors seeking exposure to the expanding DeFi market.
Disclaimer
Trading and investing in cryptocurrencies involve significant risk and can result in substantial losses. The content provided here is for informational purposes only and should not be considered financial advice. Always conduct your own research, consider your risk tolerance, and consult with a financial advisor before making any investment decisions. Past performance is not indicative of future results, and the value of investments can fluctuate widely.
RUNE Technical Analysis in a Weekly TimeframeHello everyone, I’m Cryptorphic.
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Now, let’s dive into this chart analysis:
RUNE is one of the oldest Layer 1 projects with solid utility. The price recently faced rejection at the 50 EMA resistance and is now leaning toward the $3 support level.
This support is crucial for RUNE because a breakdown, followed by a weekly close below it, could push the price down to $1.2. For a bullish scenario, RUNE needs to rebound from the $3 support and break above the 50 EMA to test the resistance trendline around $7.4.
The RSI is nearing the oversold zone, suggesting there is still some room for the price to drop further.
Key Levels:
- Crucial Support/Accumulation: $3.
- Lower Support/Strong Buy: $1.2.
- Primary Resistance: 50 EMA & $7.4.
- Long-Term Target: $21.28.
DYOR, NFA.
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Rune (Thorchain) - DCA, the bottom is nearRune - the fundamentals looks super super strong.
Streaming swaps, new chains and exchanges make Rune grow in a rapid pace.
If you still think we are in a bull market and believe in Rune... this could be a great time to DCA into Rune.
I see Rune 3.00-3.65 dollar as a gift and probably the last time we see Rune so cheap
We have 0.5 fib level at 3.56 to watch out for.