THORChain / RUNEUSD is testing yet again Resistance A (1.97500), after after 3 failed attempts to cross over it in the past 6 weeks. That would favor a bearish move if at the same time the 1week MA50 didn't hold being the Support. If it closes the week over Resistance A, it will the signal to buy and target 3.5000 (1week MA200). That will be inside the 0.5-0.382...
As we can see the completion of 5 impulse waves retracement around fibo 0.5 to 0.618 is expected for wave b or wave 2.
BINANCE:RUNEUSDT SHORT. Rejected by range highs again. There’s also a bearish divergence on 4h. Shorting range highs has worked out for me 4 times in the last 2 weeks. Let’s see if i’ll get lucky again!
RUNE has fixed under 50EMA on 1H TF. Price and RSI chart formed a divergence (1H and 30m TFs) I believe that the asset will continue to decline.
We last looked into THORChain (RUNEUSD) 3 weeks ago (see chart below) when we called for a pause of the enormous uptrend within the Resistance Zone: As expected, the price got rejected on the 1.9750 Resistance and pulled-back to the 0.382 Fibonacci retracement level. Needless to say that after breaking above the Falling Wedge pattern, as well as the 1W MA50...
The upward movement we had was for a diametric of the daily degree. Considering the resistance that is in the way of the price and the diametric channeling, it seems that this upward movement is over. We expect downward movements at least to the green zone from RUNE.
Hi dear friends, hope you are well and welcome to the new trade setup of THORChain (RUNE) with US Dollar pair. Previously we I shared a long-term trade setup which produced almost 340% pump as below: Now on a daily time frame, RUNE has formed a bullish Gartley move for the next pump. Note: Above idea is for educational purpose only. It is advised to...
according to my count there is a possibility for a new bottom. It can happen in late november or early december.
Plan is simple. Break the trend line = short to the box. Dotted green line is TP1. Let's see.
it seems rune has started a new upward trend which i have no interest to explain about it anymore :)))))))) i think pullback is almost completed and buying "rune" is a good idea.
#rune holding above red trendline. If it stays above the trendline then it will pump and if breakdowns this line then it will dump. Decision time is very close.
Short RUNEUSDT from 1.35, Initial Target 1.3 then 1.2 and will hold rest of 25% Current high is SL
The Rune price failed to achieve a higher high and even registered a lower low. As a result, I'm anticipating a significant downtrend which is a pullback in the higher time frames.
THORChain (RUNEUSD) broke above the top (Lower Highs trend-line) of the 1 year Falling Wedge pattern (since the August 11 2022). This is a major bullish break-out, considering that the price also broke above not just the 1D MA200 (orange trend-line) but also the 1W MA50 (red trend-line) for the first time since April 26 2022. As long as the 1.7250 - 1.9750...
RUNE seems interesting for the low time frame, we will check in the coming time if this coin is able to break out to $1.68 and from there a confirmed building trend. The reason for the update is the important small-time confirmation. There is a good chance for a breakout in the coming time.
#Rune will go in 1.25 - 1.40 Range. If it breaks red descending channel then it will enter in green Ascending channel and will start hitting targets 1.69 - 3.00 If it retest 1.10 range then it's ok but if any daily candle closed below it then risky. This is just an update/analysis. This is not a signal. For complete signals with Entry Stoploss Tp Contact @srtradersAdmin
The RSI chart is down in the sellers zone at 4H, 1H and 30m Timeframes. 50EMA has broken down 200EMA at 30m TF. I believe the RUNE could continue to decline if it fixes below the support level.
Hi, dear traders. how are you ? Today we have a viewpoint to SELL/SHORT the RUNE symbol. For risk management, please don't forget stop loss and capital management When we reach the first target, save some profit and then change the stop to entry Comment if you have any questions Thank You