RUNEUSDT (1H Chart) Technical analysis
RUNE/USDT (1H Chart) Currently trading at $8.95
Buy level : Above $ 9.20 (only buy after channel breakout)
Stop loss: I will update once i see the breakout
Max Leverage: 3x
Always Keep Stop loss
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RUNE Broke out of the Inverse Head and Shoulders Pattern in HTF.
the price is retesting right now.
The pattern started forming on June 21st, 2021, and...
RUNE has recently bounced from its daily trendline support after doing 50% correction of Impulse wave 3. It has been making Pennant on 4 hour timeframe which was recently broken upward as shown below:
As you can see the opening of pennant has height of ~4.6$, which indicates upward movement of same height. The macro 0.617...
* RUNE is in a steady uptrend respecting the below ascending trend-line as support creating higher-highs and higher-lows forming a expanding channel.
* Every time the price moves to test the lower trend-line (support) it bounces back up creating a new higher-high.
* Currently the price is facing a resistance near $10.8,if it breaks the resistance we can expect a...
Rune currently with in the past two days clearly trying to break its major resistance at 9.2, if that would be break by good volume we can see a bullish rally towards 11.2 easily. Not your FINANCIAL ADVISOR.
Invest HandS Pattern,
Purple Line above indicates resistance and lower indicates support, However we got strong vertical resistance.
This is 4 hour RUNE/USDT chart.
The RSI and MACD also respects this chart and analysis.
Blue Line and Take profit Lines
3D Breaker - candle that caused the down move below range got pumped back through
LTF structure above it on this retest is starting to pick some bullish action
Thus long bet is suitable with defined risk below the retest of the breaker
Send it to $10 chads
RUNE/USDT bounce nicely since yesterday, and it consolidate making a bull penant pattern.
i think this will break the pattern soon.
Lets patiently wait.
If you look at the RUNE/BTC chart. the daily looks so good too
(inverse head n shoulder pattern on 1D tf)
Target will follow the arrow (next resistance)
*not financial advice
Hope you all are having a thrill in your trading journey.
I am presenting you my analysis of RUNE.
According to my technical analysis, RUNE is moving in a parallel channel . Now, we are expecting a rise till next resistance.
"My analysis is valid until We don't see a breakout from channel"
I hope my analysis is pretty clear to you guys.
The entry in the last idea did not come to fruition therefore the trade was never entered. To me, we have made a Lower High on the small Timeframe. Target are the two boxes. This is only a scalp. Price should not start trading above range high(8.43) or the idea becomes invalid.
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Buy level - $5.9 - $6.08
Stop loss - $5.650
Take profit 1 - $7.30
Take profit 2 - $7.40
Currently waiting for a pull back to the right shoulder before a buy position is taken to the respective take profits.
What do you think?
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Welcome back Traders, Investors, and Community!
Hi Traders, RUNEUSDT on H4 if it gets above the Resistance from the channel it could go higher.
⬆️Buy now or Buy at 3.900
⭕️SL @ 3.210
✅TP1 @ 5.50
✅TP2 @ 7.0
✅TP3 @ 10.0
We will have more FREE forecasts in TradingView soon
❤️ Your Support is really appreciated!❤️