RUNEUSDT.PS trade ideas
SPOT RUNE LONG 16.12.2024Fixation after abnormal purchases.
🎯Purpose:
8.344
‼️Risk per trade: 0.5% of the allocated funds for spot trading.
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RUNEUSDT.1DThe daily chart of RUNE/USDT displays a fluctuating price movement within an ascending trend, approaching a significant resistance level. This analysis will explore the current price dynamics, key support and resistance levels, and implications of the technical indicators to forecast potential future movements.
Price Action and Structure:
RUNE/USDT is currently in an uptrend, as indicated by the ascending support line. The price has recently experienced a pullback and is trading around $5.716. This level is crucial as it sits near the trend line, suggesting potential for a bounce if the support holds.
Resistance and Support Levels:
Resistance Levels: The immediate resistance is at $7.336 (R1). Overcoming this level could open the path to retesting previous highs around $11.460.
Support Levels: Key support is established at $3.332 (S2). Before reaching this, the dynamic trendline and the price area around $5.716 (S1) will serve as initial support. Holding above these levels is vital for maintaining the bullish outlook.
Moving Averages:
The specific moving averages are not visible on the chart, but the price maintaining above the dynamic trendline suggests bullish sentiment in the midterm.
Technical Indicators:
MACD: The Moving Average Convergence Divergence (MACD) shows the signal line just above the MACD line but converging, indicating a potential reversal or slowdown in momentum. The histogram being near zero reinforces this potential pause in bullish momentum.
RSI: The Relative Strength Index (RSI) is at 60.55, which indicates moderate bullish momentum and suggests there is still room for upward movement before reaching overbought conditions.
Conclusion:
RUNE/USDT is exhibiting signs of a sustained bullish trend with the price testing the ascending trendline. The critical levels to watch are the support at $5.716 (S1) and resistance at $7.336 (R1). A break above R1 could signal further bullish momentum towards higher prices, while a failure to hold S1 might see the price heading towards $3.332 (S2). The MACD and RSI indicate a cautious outlook in the short term, suggesting that traders should watch for either confirmation of trend continuation or signs of a potential reversal.
RUNE tps for this bullbased on past bulls experience I believe fibs and cyclical highs and lows are the best levels to set for profit taking. yes, I do believe in decentralisation and crypto - its utility and potential but I will not bag hold, thinking ahead of time for the next bear/shopping market
taking also in consideration my spot avg entry and bag size, these are my tp levels and respective bag %s for $BINANCE:RUNEUSDT. once i get sls/trailling stops I will update the chart, too soon to plan for those
do as you please with it 🤝
RUNEUSDT 1WRUNE ~ 1W
#RUNE Buy gradually after breaking through this resistance line. with a minimum target of 20%+. The break of this resistance line confirms further bullish
Future Outlook for RUNEUSDT Based on Price Action Analysis
"After thoroughly analyzing the price action of RUNEUSDT, I believe that it is unlikely for the price to break above the level of 11.564. Based on the observed behavior, the current price movement suggests that this level will act as a strong resistance, and further upward momentum appears limited at this point."
$RUNE SHORT SIGNAL base on usdt.d and btc.d - rune in best place to trade in short position . all targets in the image & and you have to manage your risk and take min 5X - max 15X lev . dont forget capital managment .
TradeCityPro | RUNEUSDT The Best Opportunity of the Week👋 Welcome to TradeCityPro Channel!
Let’s analyze another cryptocurrency in detail, as the market is relatively calm right now, providing the perfect time to review and align our triggers.
🌍 Market Overview
As always, let’s start with Bitcoin. Over the past two days, Bitcoin hasn’t shown any significant movements, mostly ranging due to the weekend—something quite normal. These consolidations were needed for the upcoming moves.
For the week ahead, if Bitcoin breaks the 100,400 resistance and its dominance declines, make sure to focus on altcoins for potential positions or purchases. Conversely, if Bitcoin dominance rises, consider trading Bitcoin or coins paired with Bitcoin that are showing bullish trends.
🕒 Weekly Time Frame
RUNE is one of the coins that has shown some movement before the broader market moves began. It hasn’t risen from its all-time low but instead from its 2024 bottom, maintaining a bullish trend behind it.
You can consider buying after the weekly candle closes above 6.950, as this would indicate a breakout of weekly resistance. The volume is favorable, and the RSI has entered overbought territory. Place a stop-loss at 3.038 to participate in the potential move.
After initiating its move and finding support at 3.038, you can draw a Fibonacci retracement. The 0.382 level aligns with this support, and upon breaking the high (currently in progress), the Fibonacci extension levels suggest targets of 11.64, 26.431, and 46.375.
Some might wonder why the March 2024 movement wasn’t used for Fibonacci. This is because that movement was overly impulsive and later rejected, with a pullback to the previously established resistance at 6.95. Hence, this range is more appropriate for analysis.
📊 Daily Time Frame
RUNE is currently encountering a critical daily resistance. A breakout could lead to a move toward 10.695.
For a purchase in this timeframe, you can consider entering after a breakout above 7.32 with a stop-loss around 4.92. This would be a slightly riskier entry. Confirmation could come from an RSI pullback to 70 and a subsequent upward movement.
RUNE hasn’t shown much activity recently, but money appears to be flowing into it. Considering the weekly uptrend, it’s worth positioning ahead of a potential move.
🕒 4-Hour Time Frame
On the 4-hour chart, RUNE is following a parabolic curve and has reached the 7.352 resistance. After being rejected initially, it didn’t drop significantly, and on the next attempt, volume increased as it approached the high again. This second rejection further validates the resistance.
📈 Long Position Trigger
the trigger is clear enter after breaking 7.352. Use a wide stop-loss as this is a daily resistance breakout and may experience fluctuations; missing the move is not an option.
📉 Short Position Trigger
I’m still not interested, just as I’ve been in recent days. I prefer either resting or providing analyses for the community so we can collectively reduce stop-loss hits while building a stronger TradingView presence.
💡 BTC Pair Insight
RUNE, compared to Bitcoin, is in a favorable position. Unlike many altcoins, it’s not at its absolute bottom but rather near its 2024 low. Confirmation of an upward trend would come from breaking the weekly trendline or surpassing 0.00008139, which would likely initiate a significant pump. This relative strength compared to Bitcoin is a positive point for us.
📝 Final Thoughts
Stay calm, trade wisely, and let's capture the market's best opportunities!
This analysis reflects our opinions and is not financial advice.
Share your thoughts in the comments, and don’t forget to share this analysis with your friends! ❤️
RUNE/USDT Weekly Analysis$RUNE/USDT Weekly Analysis
#RUNE has broken out of a long-term descending trendline, signaling a shift toward bullish momentum. The current price is $7.365, reflecting a 21.43% increase, and the breakout has established a new support zone around $5.766, providing a solid foundation for further growth.
Key upside targets are identified at $10.077, $12.498, and $14.786. A potential pullback to the support zone at $5.766 could present an ideal buying opportunity before the next leg up.
If that happen RUNE could rise up (+175%) to (+230%)Rune is trying to break a huge symmetrical triangle pattern alongside with its price above of value area high from 2024 and anchored vwap from 2021 highs, is looking very strong and if it can close the weekly candle above $7,347 would suggest an increase up to the last bull run highs. The target is in confluency with the symmetrical triangle pattern, between 2021 highs and fibonacci extension levels.
TARGET: $19,82 TO $23,90 up to (+230%)
Last Chance: $RUNE Poised for Parabolic Move Beyond ATHsThis could be the last chance to enter before CRYPTOCAP:RUNE begins its parabolic move, or at least starts expanding, leaving everyone behind.
The new weekly trend is about to confirm, and it’s at a pivotal area. If it breaks above $7, this will trigger an even bigger upside. I believe CRYPTOCAP:RUNE is on track to break beyond its all-time highs and could potentially reach the second target near $75. It may seem ambitious, but the chart is signaling a strong move ahead. BINANCE:RUNEUSDT
Buying as close as possible to $6.60 for this setup.
Previous entries are posted here
Unbelievable Opportunity on RUNEUSDT💎 These Blue Boxes Aren’t Just Zones—They’re GOLDMINES! 💎
The blue boxes on this chart mark key areas of potential buying interest for RUNUSDT.P, carefully identified through my technical analysis. These zones represent areas where demand might step in, creating opportunities for a bounce or upward move.
While I remain humble, I’m confident in my ability to analyze the markets effectively. My previous analyses have consistently proven accurate, and I trust this setup will further validate my approach. Let’s see how the price action respects these levels, proof is always in the results.
📈 See It, Believe It, Trade It. 📉
Don’t miss out proof is in the results. Let’s make this count! 👊
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🌊 WAVESUSDT.P | The Blue Box: A Demand Zone with Potential
WAVESUSDT.P: Demand Zone Potential
🟣 UNIUSDT.P | Long-Term Trade
UNIUSDT.P: Long-Term Trade
Now sit back, relax, and watch the market do its thing. Or don’t, FOMO is real. 😉
Thorchain ( Rune )THOR Chain
RUNE usdt Daily analysis
Time frame daily
Risk rewards ratio >3.5
Target 6.8 $
RUNE Analysis: Ready for a Historic Surge?✨🚀 RUNE Analysis: Ready for a Historic Surge? 🚀✨
After a deep correction, RUNE is now entering a phase many analysts consider the beginning of its major upward movement. This cryptocurrency, which previously saw an incredible 65x growth from September 2020 to May 2021, is now poised to break new all-time highs.
🔍 Recent History:
June 2023: Formed a historical low at $0.77
March 2024: Reached $11
August 2024: Corrected to $2.5
RUNE is now at a key resistance level. If it breaks $7.5, it’s expected to reach the following targets:
🎯 Target 1: $30 (300% profit)
🎯 Target 2: $130 (1600% profit)
🔥 RUNE is ready to explode; don’t miss this opportunity! 💎
RuneUSDT Long IdeaIf Rune closes this 4hr wick above the 50ema, It's a great place to take a long and target the 50% of the weekly wick at $10.22 or weekly high at 11.6. Invalidation is 4%.
Rune Cup and handleRune has been forming a giant cup and handle which is a very bullish pattern the neckline is around 11.40 and if it confirms this pattern we can see a price target of between 18-24 in the coming weeks to months.
RuneusdtEverything is clear in the picture
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Remember nothing is 100% certain
Alts with UPSIDE POTENTIAL | ALTCOINS | RUNE, ATOM, FETIn this time of the cycle, many alts have already rallied... and a few, haven't, patiently awaiting their turn for some liquidity.
In this video, I take a look at my TOP picks - there are many more, but let's start with these.
1) FET
2) RUNE
3) ATOM
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BINANCE:ATOMUSDT BINANCE:RUNEUSDT BINANCE:FETUSDT
RUNE looks greatI'm looking for coins that I can potentially rotate into in the near future. Here is one on my radar. I wouldn't jump in now. After it breaks 7.2, RUNE will be even more interesting. I'd say you should add to watchlist.
$RUNE to $7.7Looks like RUNE have made local bottom.
It jut need to get above $5.73 and it will teleport to it's target.
Have BTC in mind, if it dumb then whole market might follow.
Technical Analysis of the Cuphead patternThe current setup presents a classic cup-and-handle pattern, visually resembling the shape of a " Cuphead " character. This structure typically indicates a bullish continuation, as it forms after a period of consolidation within a broader uptrend.
Cup Formation:
Left Side of Cup: The pattern began after a pullback from recent highs, creating the initial drop and rounding bottom, representing the "body" of the cup (or "Cuphead's" round head).
Base of Cup: The support level at the bottom is significant, where volume likely decreased, indicating seller exhaustion and setting a strong foundation.
Right Side of Cup: Price begins to rise again, completing the rounded shape and signaling a renewed bullish sentiment as buyers regain control.
Handle Formation:
Handle Decline: The handle forms as a slight pullback from the right side of the cup, usually about one-third of the cup's height. It indicates a final consolidation before a breakout and serves as "Cuphead’s" handle.
Handle Length: The handle length should not exceed half the cup's height, as longer handles might signify weakening bullish momentum.
Volume Analysis: Look for decreasing volume during the handle formation, indicating weaker selling pressure, with an increase in volume as the breakout starts.
Breakout & Price Targeting:
Entry and Confirmation: A breakout above the handle’s resistance confirms entry into a long position, with a volume surge as buyers push the price upward.
Price Targets:
First Take Profit: At 100% profit, calculated based on the initial entry price and set to secure gains once the target is reached.
Second Take Profit at Cycle Highs: For further gains, the final target is set at cycle highs, leveraging the bullish momentum and trend continuation.
Risk Management:
Stop-Loss Placement: A conservative stop-loss can be set slightly below the handle’s low to protect against unexpected reversals while allowing some room for price fluctuations.
Trend Monitoring: Keep an eye on volume and candlestick patterns post-breakout to ensure continued bullish momentum, adjusting stops accordingly to lock in profits.
