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RUNEUSDT

RUNE/USDT The breakout for a long trade in has been confirmed!The chart clearly indicates that RUNE has broken out of its resistance. Now is an opportune moment to initiate a long trade. #POLYX/USDT LONG SCALP 🍀 Leverage: 3x Entries: $5.940 Take profit 1: $6.291 Take profit 2: $6.850 Take profit 3: $7.205 Stop Loss: $5.353 Stay tuned for trade confirmation and additional updates. Feel free to express your thoughts by liking and sharing in the comments section:) Thanks The sroced. BINANCE:RUNEUSDT.P
Long
by srocedtrading
3
RUNE channelization analysisThis is an analysis based on channelization. Remember that most of the time everything is reflected in the chart and you should look for signs. We have had a diagonal channel that the price has faked out twice, which shows selling pressure. We have also had a dynamic support that has been broken and the price has not been able to recover it. Now all buyers will become sellers and RUNE will experience a lot of selling pressure. The bottom channel is the adjacent channel. I specified the targets.
Short
by behdark
RUNE USDT: SOLD ALL OF MY RUNE... I sold my first 50% on my previous chart that I failed to gauge the right top. Now, here I am again thinking that this will be the top. Relatively it is. More on sentiment reasons. I will not explain further, since the explanation are very much the same with the previous chart I did. Here it will be just a bit more detailed and applied with sentiment. SOLD 6.9 I just find it funny, and related to the fibs. Tried to drag it further while still respecting the levels. Thank you. PS: I added Trend line. I will short accordingly.
Short
by osodatsismoso
RUNEUSDT.1DBased on the provided market data, the currency RUNE is currently trading at a price of 5.823 USDT. From a technical standpoint, the 4-hour Relative Strength Index (RSI) is at 77.35, which is typically considered overbought. This could indicate that the market may be due for a correction or pullback. The Moving Average Convergence Divergence (MACD) for the same period is 0.302, suggesting a bullish trend. On a daily scale, the RSI is at a very high 90.94, which is significantly overbought and could indicate a potential market correction in the near term. The MACD for the daily timeframe is 0.766, which is bullish. Looking at the Bollinger Bands (Bb), the currency is trading slightly below the upper band in both the 4-hour and daily timeframes, indicating that it is trading near a high range, which could suggest a potential pullback. In terms of support and resistance levels, the immediate resistance on the 4-hour chart is at 5.849, followed by 6.432 and 6.351. The supports are at 5.153, 4.563, and 4.102. On a daily basis, the resistance levels are at 8.962, 11.900, and 13.700, while the supports are at 3.446, 2.137, and 1.357. In conclusion, while the currency is in a bullish trend as indicated by the MACD, the high RSI suggests that it is overbought and may be due for a correction. Traders should proceed with caution and consider setting stop losses to protect against potential downturns. This is just an analysis and not a trading advice. Please do your own research before making any investment decisions.
by MarsSignals