Hello everyone, if you like the idea, do not forget to support with a like and follow.
RUNE is overall bullish and now retesting the support so we will be looking for buy setups on lower timeframes.
on H4: RUNE is forming a channel in red but the upper trendline is not valid yet, so we are waiting for a new swing high to form around it to consider it our...
Professor is in a GOOD mood today.
I know a break-out when I see it and Rune is the next potential break-out.
I am listening to this by the way: www.youtube.com 👨🎤🤘
thorchain.org for fundamentals, if you don't know the project already.
Market Cap at 2,3 Billion can easily reach 5 billion given to what is happening in...
RUNE try to back to 10 again, but for new followers, ThorChain’s consensus is proof-of-stake and built on Tendermint (Cosmos), with network validators (nodes) required to bond their native token, RUNE. RUNE has a token model that increases in value as the utilization of the network grows. This means that the more liquidity is deposited into...
RUNE coin price is currently seeing a downside momentum which can push it to a new low. It is down by more than 8% in the intraday session.
Technical indicators of Thorchain suggest a strong downside momentum in the price for the future. In contrast, RUNE/BTC pair is down by more than 6%.
Hello friends, the best practice is to wait until failure occurs. We move in a channel and now we see a triangle inside the channel, so we can perform well with the loss of the channel floor, but what is important is to wait until it exits the downtrend and the triangle.
Rune formed an channel. It is also the resistance of a big triangle since May.
Bullish Stochastic RSI.
RSI formed a triangle.
Support at 6,4 USD.
Support also 50-MA-WEEKLY.
Keep an eye on Rune in the next days.
Just an idea.
The blue line is my entry target when i saw RUNE chart this morning and it's filled nicely, while i hope RUNE can gain more traction while BTC's price is recovery and trying save the position above EMA21 Weekly chart.
In RUNE chart i saw a slight bullish divergence, hope for the best RUNE can reach the top
Yellow line is the price target
The red line is the stop...
▪Descending trendline serving as key level to the next point,
▪If break and consolidating above, great R:R for a long position,
▪Another test with liquidity engine, great buy zone on the dip at green boxes
| RUNEUSDT | LONG @ 8 - 8.5 | TP @ 9, 9.5, 10, 10.5, 11 | SL @ 7 | PATTERN = LOW POLE REVERSAL |
PNF chart on the hourly shows a trend reversal, LOW POLE REVERSAL
The strategies I use involve a mix of PNF and Renko. My type of trading is strictly swing trading.