Rune is another crypto project which has great features and possibly a bright future. After the corrective wave hit 0.382 Fibonacci retracement, it seems Rune is oscillating. It is too soon to conclude that the corrective wave is finished, it might go further down. However, there are two lines, one horizontal and another a downtrend, which can help us figure this...
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 .. its My opinion so not investment advice
RUNE looks to have had some strong development over recent years and has been maintaining an fair strict adherence to trend lines established from 2020-2023.
A return to ATH would take it to $20-$25.
while a big run could take it into the $50-$130 range.
***Remember to take these figures with a grain of salt - Im an amateur simple pointing out how i see it for fun :)
My RUNEUSD long-term analysis.
Higher timeframes provide clear view . BUT can you see it?
Will be buying in the zone provided. Be smart.
If anyone have any questions feel free to contact me or drop a comment.
Rune keeps compressing upwards. With it's lending mechanism out in full force it's creating buying pressure on the token.
Technically, we have the EMA's crossed over and sloping up on the daily which looks really good for a continuation move.
RSI also looks good with a gradual slope up and showing strength.
If this ascending triangle pattern continues to play...
I want to preface this with a couple things.
The first, I am biased towards Rune in the fact that I own some for the long term and I believe in the project.
The second, I really don't like Elliot Wave in general. I think it's use cases are generally arbitrary at best.
That being said, this Elliot wave set up almost seems too obvious not to post. If Rune can...
I am not a financial advisor. This is not meant to be and does not constitute financial, investment, trading, or any other types of advice or recommendation.
Looking at the latest data that appeared, we find that it made three bearish waves and followed them with three corrective upward waves... leaving another large bearish wave consisting of five internal waves retesting the bottom from which it rose... and we find that this is a large triple correction on the monthly frame, and this is a very healthy correction. In...
Can defi stage a comeback?
The RUNE/USD chart shows an interesting development with a potential impulse wave pattern. This pattern, if confirmed, could theoretically indicate a move towards $19. However, remember that the crypto market is volatile and reaching this target is not guaranteed. The recent market downturn has impacted DeFi projects, and it's crucial...
THORChain / RUNEUSD is about to form a Bullish Cross on the 1W MACD.
The previous Bullish Cross saw the price grow by +911.54%.
Another such rebound targets $40.00, that should be your medium term target.
Long term, if the price goes for a full repeat of the 2019-2021 run, we may even see $800 as the Cycle Top but don't keep the majority of your coins until...
Rune (RUNE): Penned In by Bulls? Can It Break Free and Reach $6.50?
RUNE/USD's chart shows an interesting development with a potential 4hr bull pennant pattern. Based on technical analysis, this pattern could indicate a move towards $6.50. However, remember that the crypto market is volatile and reaching this target is not guaranteed.
Observations:
On the daily chart, there's a noticeable upward move between January 18th and 27th, followed by a period of consolidation between January 27th and February 3rd. This consolidation does exhibit some resemblance to a flag, but the trendlines aren't perfectly parallel.
Volume during the consolidation is not significantly lower than the preceding upward...
CRYPTOCAP:RUNE is ready to go.
THORChain is a decentralised liquidity network allowing permissionless and instant cross-network asset swaps and cross-currency decentralised finance.
Bullish Breakout of Pullback Phase: RUNE showcases a bullish breakout from its recent pullback phase's resistance trendline.
Challenges Overhead 50D EMA: The recovery rally is now challenging the overhead 50-day EMA, hinting at a potential bull run.
Potential to Reach $7.08: If RUNE successfully surpasses the $5 mark, it could escalate to $7.08.
Dynamic...
After an impressive 7x rally that began in mid-summer last year and peaked above 7, Rune initiated a correction in December, dropping 50% from its peak.
At this moment, Rune/USDT has reversed from the golden zone of the last leg up and appears poised to continue its upward trajectory.
As long as the 3.5 zone remains intact, I anticipate a retest of at least 7,...
