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RUNEUSDT

⚡ RUNE Trade Setup ⚡📊 Analysis: Market Observation: RUNE is experiencing resistance that may convert into support, presenting a potential buying opportunity. Current Situation: The buy zone spans from $6 to $7.4, with a secondary buy zone from $3.2 to $4.2 for further accumulation if prices drop. Strategy: Utilize dollar-cost averaging (DCA) within the specified buy zones, with additional dry powder reserved for potential lower levels, such as $4, in case of a significant sell-off. Entry Points: Initiate buys within the $6 to $7.4 range and consider additional purchases within the $3.2 to $4.2 range. Take Profit: Target profit-taking at the next areas of resistance, aiming for $13 and $20. Stop Losses: Implement a soft stop at a daily close below $5 to manage risk, with a hard stop set at a daily close below $3 to mitigate losses. 🌐 Note: Stay vigilant for confirmation of support conversion and potential upward momentum before entering positions. Adjust the strategy based on market dynamics and consider factors such as trading volume and overall market sentiment.
Long
by Richtv_official
Ascending Apex: RUNE's Breakout Poised to Chart New Heights Trendline Breakout: The central focus is on the cyan trendline that has been capping the price. A close above this trendline would signify a breakout, indicating bullish momentum. We will be watching for a decisive candlestick close above such a resistance trendline as confirmation of strength before initiating a long position. Retest Strategy: A conservative and strategic approach involves waiting for a retest of the breakout level, which was previously resistance and may now turn into support. Entry at a retest offers a favorable risk-to-reward ratio because it allows for a tighter stop-loss just below the retested trendline. 200 EMA and the 50 EMA: The price is currently above both EMAs, suggesting a short-term bullish bias. The EMAs also appear to be providing dynamic support for the price action. Overall Uptrend: The broader perspective shows RUNE in a general uptrend, which is the direction of the path of least resistance. A trend-following trade in an uptrend typically carries a higher probability of success of this trade. Market Sentiment: Staying attuned to overall market sentiment and news specific to RUNE will provide additional context for the trade, as fundamental factors can swiftly impact technical setups. In summary for now we are not doing anything and we will be watching closely where today's Candle will close. The close above the cyan trendline followed by a retest offers a prudent long entry point with a confluence of bullish indicators. Patience in waiting for these conditions to be met could provide a more confident entry with a well-defined risk profile. The current position of price relative to the EMAs and the general uptrend add further weight to the bullish scenario. However, it remains critical to monitor the trade and adjust to any new market information or technical developments. Peace out.
Long
by Lucas_CryptoLab
RUNE IS READY TO REIGNRUNE has some pretty great news in the coming days. They are gonna burn 60 Million RUNE which now has a face value of 360 MILLION DOLLARS. And this is being done as part of their upgrade related to the loan proposal against BITCOIN AND ETHEREUM. People can borrow 50% of the face-value of your assets without paying any interest or getting liquidated against the loan that you borrowed. This is gonna change a lot of things for the THORCHAIN adoption, when you can just park your BTC and get 50% facevalue as loan without paying any interest. Highly BULLISH ON RUNE
Long
by rajamnr175
1
THORCHAIN ANALYSIS - Could RUNE Be In A New Bull Market???As you may be aware, I've been closely monitoring the Top 50 cryptocurrencies recently and have formulated several hypotheses aligning with the Bitcoin pattern, based on strict metrics. However, one particular crypto deviates from this trend, prompting me to investigate further. Despite not fitting the established pattern, the inherent pattern suggests significant upside potential—I've even heard predictions of $180, a figure I find plausible. I believe this crypto is poised for a substantial surge, and while I'm not suggesting a long-term trade idea just yet, I wanted to alert you to my observation. If the bullish momentum continues to build, I intend to consider trading it.
by AriasWave
TOP 50 CRYPTO BREAKDOWN - Where In The Wave D Are We???At our cryptotrading hub, we're all about maximizing profits while minimizing time investment. Hence, I've devised a novel strategy. Why not classify cryptocurrencies according to the progress of their corrective patterns? As one movement concludes, another begins, enabling us to swiftly transition to new crypto trades, rinse, and repeat. This approach capitalizes on a unique opportunity we're currently experiencing. We've barely scratched the surface; there's a whole realm to explore, including gaming coins and potentially other metrics for further filtering based on additional criteria. Let's embark on this journey now.
by AriasWave
5
RUNE ANALYSIS🔮 #RUNE Analysis - Support and Resistance 🚀🚀 💲💲 #RUNE is trading around its major resistance zone and #RUNE is trying to retest the zone. If #RUNE breakout and closes above the resistance zone and sustain the higher price, it will indicate a good bullish move and will achieve the next target easily📈 🔖 Current Price: $5.387 ⏳️ Target Price:   $6.065 ⁉️ What to do? - We have marked crucial levels in the chart . We can trade according to the chart and make some profits. 🚀💸 #RUNE #Cryptocurrency #Support #Resistance #DYOR
Long
by ZEUS_Market_Alerts
RUNEUSDT.1DBased on the given market data, the currency RUNE is currently priced at 5.409 USDT. In terms of technical indicators, the RSI (Relative Strength Index) at different time frames (4h, 1d, 7d) are 64.93, 60.24, and 68.94 respectively. These values suggest that the currency is neither overbought nor oversold. The MACD (Moving Average Convergence Divergence) for 4h, 1d, and 7d are 0.040, 0.160, and 0.752 respectively, which indicates a bullish trend. This is further supported by the Bollinger Bands (Bb) data, with the current price being below the upper band for all time frames, suggesting potential for price growth. Looking at the support and resistance levels, the immediate support level in the 4h timeframe is at 5.224, and if it breaks this level, the next supports are at 4.947 and 4.408. On the other hand, the immediate resistance level is at 5.632, and if it breaks this level, the next resistances are at 5.980 and 6.113. These levels for the 1d and 7d timeframes are relatively higher, indicating a bullish market sentiment. Considering the above analysis, it seems that there is a positive trend for RUNE in the short term. However, as with any investment, it is recommended to consider other factors such as news, market sentiment, and risk tolerance before making a decision.
Long
by MarsSignals
RUNE/USDT On the Cusp of a Bullish Break from Demand Zone? 👀💎 Paradisers, get set for a lucrative trading moment with #RUNEUSDT, as signs point towards a bullish continuation from a key demand level. 💎 Exploring #thorchain current path, it's encountering resistance at the $6.094 supply level. We're positioned for a bullish turnaround from the demand level of $5.503. Should the price maintain its drive, a strong bullish trajectory is anticipated, setting the stage for another assault on the formidable supply zone. 💎 If the drive behind #RUNE starts to wane, anticipate a bullish resurgence from the established demand at $5.034. The significant liquidity at this level boosts the chances of a bullish push. Yet, a descent below this critical point may signal a shift towards bearish territory.
Long
by MyCryptoParadise_Simon
RUNE/USDT Analysis1. Overview: The RUNE/USDT trading pair represents the exchange between THORChain (RUNE) and the US Dollar (USDT). Currently, there seems to be a potential buying opportunity based on technical analysis and possibly other factors. 2. Technical Analysis: General Trend: Identify short, medium, and long-term trends. Use indicators such as moving averages, Relative Strength Index (RSI), and Bollinger Bands to assess the overall market direction. Potential Buying Zones: Identify key support levels where the price has historically bounced. Use tools like Fibonacci retracements to determine potential buying zones. Technical Indicators: Examine indicators such as Moving Average Convergence Divergence (MACD) for detecting trend reversal or continuation signals. 3. Fundamental Analysis: News and Events: Examine recent news and events related to THORChain that could influence the price. Announcements of partnerships, development updates, and industry events can have a significant impact. Project Fundamentals: Evaluate the fundamentals of the THORChain project, including its value proposition, development team, adoption, and long-term prospects. 4. Risk Management: Stop Loss and Take Profit: Set stop-loss levels to limit losses in case of unfavorable movements. Also, identify take-profit levels based on resistances or predefined targets. Risk/Reward Ratio: Ensure that the risk/reward ratio is favorable before entering a position. This means that the potential for gain should outweigh the risk involved. 5. Conclusion: In conclusion, based on technical and fundamental analysis, there appears to be an interesting buying opportunity on the RUNE/USDT pair. However, it is imperative to closely monitor market movements, implement appropriate risk management, and adjust the strategy based on market developments.
Long
by CRYPTO_SETUP
3
RUNE ANALYSIS🔮 #RUNE Analysis 🚀🚀 💲💲 #RUNE was trading in a Descending Channel Pattern, give a perfect breakout. If this breakout sustains then we will see a bullish move. 📈📈 💸Current Price -- $4.710 📈Target Price -- $6.086 ⁉️ What to do? - We have marked crucial levels in the chart . We can trade according to the chart and make some profits. 🚀💸 🏷Remember, the crypto market is dynamic in nature and changes rapidly, so always use stop loss and take proper knowledge before investments. #RUNE #Cryptocurrency #Breakout #DYOR
Long
by ZEUS_Market_Alerts