Rune
ThorChain Long IdeaThorChain (Rune) has been in an uptrend for several weeks and and has been respecting a channel.
2/22/2021 Price has pulled back to the 61.8% retracement level which is in confluence with the demand line of channel.
Expecting the upper boundaries of $6.40 soon
RUNE/USDT Looking for a sweetspot-entry around 2.5$ThorChain (RUNE) could be the next backend for Binance and is, if this becomes true, poised to go upwards.
Shortterm I am looking for a sweetspot-entry around 2.5$.
The volume dropped slowly but consistently while the price rose. --> Bearish divergence.
Also, the previous resistances were not really challenged to hold as support so far.
Enjoy the ride and don't be too greedy.
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RUNEUSDT Ride The WAVE 📈February 10th - 17th RUNE nosedived . A move that must have shaken paper hands I guess.
But this time most coins had tsunami. Eventful week.
From thence RUNE picked upwards again.
Completed a wiggly move( W ). Then Boom it broke a familiar resistance level to $5 region
Here it meets another resistance
Potential Support at $4.3 mark. To break $5 cap 🎓, it needs a healthy retrace.
It should bounce off here upwards. Then completes its move down Key Level support.
From here to a new moon 🚀 with full throttle.
I will take my Long entry near Key Level. Below Resistance ( As in Chart )
I expect a long candle wick through to hit.
Bears can SHORT it from current price
FA :
RUNE has a unique future. Hidden in plain sight.
Audited code. Birthed by ThorChain
Speculatively GoTo tech. if BTC be regulated .
Huge potential in terms of Use-Case.
Market Cap is over $1 Billion . Wow!!!
What more can I say, 🤷♀️ DYOR !
Follow 🚶
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Share your thoughts !
Two-level head and shoulders indicates strongly bullish signalI remain bullish on RUNE (THORChain) both fundamentally and technically.
Look at that nice two-story head and shoulders on $RUNEBTC.
Assuming that BTC holds around 50k per coin, the upcoming THORChain movement may result in 20-40$ per 1 Rune in this summer or even late spring.
In general, RUNE is extremely technical in terms of price movements and reactions.
It is a pleasure to watch her follow all trend lines and levels.
RUNE (THORchainHello!
Possible breakout on THORchain if Btc stays chill and alts stay bull.
Price and RSI has tested this supressing resistance line already a few times.
We did get a break out on RSI. We still need to go threw that 50EMA (Brown line) and close on top.
Like we can see 200EMA (red line) and previous structure worked as support.
Small volume also behind.
We can also retest that RSI as a support and bounce from there if we close above it.
Let's see what happens ;)
What I have researched RUNE sounds like an interesting project.
If you do take trades and are not holding for long term use stop loss.
Otherwise you will get your ass burned!
-Jebu
Analysis in an optimistic scenario for the next moments in RUNETechnical analysis regarding the price of THORCHAIN in relation of dollar Tether for the next scenarios, based on 4 hour movement.
disclaimer
*** In accordance with CVM Instruction No. 598, of May 3, 2018, Art. 21, I declare that the recommendations of this analysis reflect solely and exclusively my personal opinions and perceptions and that they were prepared independently and autonomously. Not being considered a purchase and/or sale recommendation. ***
RUNEUSDT - Breakout potential on 4 hour chartRune is looking good for a breakout and continue the uptrend.
There is a bullish acending triangle with a flat top with the $3.60 line providing support and $4.20 resistance.
The 50MA has provided good support for Rune and is forming the acending line in our triangle. Look for the price to meet it and bounce to new highs.
The MACD histogram is beginning to flip and we have a bullish cross coming in play.
The Fib extension gives us a target of the $5.50+ range.
This has been a pretty common pattern recently, so hoping this plays out the same way as I have seen it play in other coins.
RUNEUSDT (Resistance line breakout in 1h chart)RUNEUSDT (1H CHART) Technical Analysis Update
Resistance line breakout
RUNE/USDT currently trading at $4,15
Buy-level: Above $4.00 - $4.20 (Wait for the small retracement)
Stop loss: Below $3.770
Target 1: $4.80
Target 2: $5.40
Max Leverage: 3X
ALWAYS KEEP STOP LOSS...
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RUNEBUSD respecting the bullish channel. Projections of bullishTechnical analysis regarding the price of THORCHAIN in relation of dollar Binance for the next scenarios, based on 4 hour movement.
Price forming rising funds / tops, with the Exponential Moving Averages of 34 and 89 periods driving the price and, it is walking respecting this upward channel.
By projecting a FIBONACCI in that leg that the price gave, I manage to obtain the levels where the price can reach!
disclaimer
*** This is not a recommendation to purchase and/or sale. It is for educational purposes only. ***