THORChain (RUNEBTC) one, two and three.
The (1) is the bottom pattern.
We have a lower low followed by a bullish breakout.
This would be wave 1 of an EW impulse.
The (2) is the EMA100 rejection.
After a bullish breakout, it is normal to see a correction that ends in a higher low before higher prices.
The low would be equal to wave 2 of an EW impulse.
The (3) is...
Rune has made a perfect reversal pattern:
1️⃣ Inverted Head and Shoulder - reversal pattern in downtrend
2️⃣ Price broke above the neckline - pattern confirmed
3️⃣ Breakout was on increasing volume = high confidence
This puts the price on a clear path to the next resistance at $3.
Then re-assess. For now, the bias is bullish and the trend is clear in my eyes....
RUNEUSDT price is formed critical support and trying to honor it by moving around from few sessions. In the meanwhile, price reached very near a falling trendline. Any effort by bulls can break it and create a strong momentum or maybe it will take some more sessions to build momentum.
As we can see in the chart, support is forming in response to its downtrend line. Currently, the support and resistance ranges are clear in the chart. We expect price support from the ob range in the short term.
Its not Buy or Sell SIGNAL
BY : Mohamad Teriz - @AtonicShark
RUNE Rejection on resistance and back to retest on support , we can see any IHNS pattern potential breakout the neckline and continue upward movement
Buy zone : 2.8- 2.666 - 2.350
Target : 3.2 - 3.48 - 3.8 - 4.3 - 5.3
Stop : 2.25
RUNEUSDT price is trying to gain some momentum after a few quiet sessions. Now price already broke the symmetrical triangle and broke the lower high with an excellent strong candle. Sentiments are good, so we expect an excellent upside towards 5.0$ and more.
$RUNE has broken and held under the huge 3.3 support level, show with the large wick retest and failure on May 13.
RSI is already very low, so trend is clearly bearish but may see some consolidation for a bit. Possible levels of support are as shown.
Welcome to this quick RUNE/USDT analysis.
I have tried my best to bring the best possible outcome in this chart.
Reason of trade:- RUNE/USDT Flag pattern create and buy the green zone and (SPOT CALL)
Remember:-This is not a piece of financial advice. All investment made by me is at my own risk and I am held...
Hello, community members welcome to the RUNE/USDT chart analysis.
I have tried my best to bring the best possible outcome to this chart.
As we can see from the above-mentioned chart that RUNE/USDT broke the triangle pattern and retested well.
According to the current scenario, it can move up by almost 25% from the green zone which is also a support zone.
RUNEUSDT price has reached a critical zone where a confluence of Fib golden level support and EMA 400 exist. So now if the bulls can successfully defend this level we could see a good upside rally otherwise AB=CD may become into play and the price could drop towards the next support level.
#RUNE/USDT Profit Update:-
$RUNE currently trading at $9.60 and went upto $13.20
As I told this is Very bullish.
$RUNE gave 220% from our entry.
And still 150% up from our entry level.
Congrats for Huge profit 220%
Entry:- $4.10 filled ✅
You cam book profit if you are happy.
If you want to hold Move Stop Loss at $7
I am expecting $17 in mid...
RUNE is one the most powerful project for solving the LP problem from ...
According to the chart and last analysis that we published all of the zone exactly done its duty and now at this time we are going to make new uptrend and we need more correction to have a nice R/r and then you can take position but check the chart in lower time frame and...
RUNEUSDT price is moving aggressively and reached a critical resistance, but bulls looking in strong power they are trying hard to break that level. If they do so then a new horizon will be there for RUNE. Let's see how price action reacts.
During the market recovery, RUNE reacted quickly and rose against USDT and BTC.
Following the rise in price, volumes did not keep up.
The price is near a resistance level and a bearish divergence may form on the stochastic RSI.
I expect a retest of resistance, and after the fall to the support level.