Right now I expect we will experience the right shoulder, acting as a bull trap.
The head of this inverted structure is quite spread out but there is a definite left shoulder evident.
The right shoulder finishing wave allows a big bull move, I have shown this with the bars pattern tool.
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...
Bullish Reversal to $6.5: RUNE recently completed a bullish reversal, reaching $6.5 following a triangle breakout rally.
Triple White Soldier Pattern: RUNE's price action in the daily chart shows a triple white soldier pattern, typically indicating a strong bullish trend.
Potential Breakout to $10: A successful breakout above $6.5 could trigger a rapid rally in...
Bullish Reversal: RUNE marks a bullish reversal hitting $6.5 post a triangle breakout rally.
Triple White Soldier: Daily chart showcases a triple white soldier pattern in the RUNE price action.
Targeting $10: A potential breakout beyond $6.5 could drive a swift rally targeting $10 for RUNE.
Top Performer: RUNE ranks among top performers this week, fueling its...
like SOLANA LUNA and the rest of big ticket items of Silicon Dubai Funds.. this one is in play for float to be taken over and peddel to $100 levels by Q4
in time for QATAR 2022 fifa fever
Bullish Pennant Formation: RUNE displays a bullish pennant pattern in the daily chart, indicating a potential breakout.
Golden Crossover Tease: The 50-week and 200-week EMAs hint at a golden crossover in the daily chart, signaling a strong uptrend.
Trendline Breakout Projection: A breakout in the weekly chart trendline could propel RUNE price above $10,...
RUNE looks really good. On the daily time frame there is no resistance up till $10 since the price broke out at $3,20. This one looks really good for some nice profits the coming days. If RUNE continues this rally you can make a profit of 140% from current price.
On the weekly graph the price is breaking out a Falling Wedge and is moving to the 200 day moving average (purple line). Although there are some small restistance levels visible on the daily graph. These will don’t last long as I can see no resistance levels on the weekly graph till $12.
Psychologically the main target could be $10 and max. $12. Which is an...
THORChain is rising very aggressively, the same kind it did in early August, naturally turning overbought on the 1D timeframe (RSI = 78.104, MACD = 0.209, ADX = 49.344). In doing so, it reached the 1W MA100 for the first time since May 9th 2022, which is the major Resistance of the new Bull Cycle.
The pattern that seems to be standing out is a Channel Up and the...
Hi All -
As per my elliott counts Rune is ine wave 2 correction. This could be a complex correction and we would not know it has ended once it has ended.
So as of now i see its in the C wave of correction. wave 4 of the C wave looks like a running flat whose wave B is quite complex.
I am expecting a drop here. bearish divergence is quite visible. One more 5...
#THORChain #RUNE Long-Term chart analysis
According to the chart and the wave counter marked on it, the downward trend of this currency is probably over. And we can expect the beginning of its long-term upward movement. But since there is a possibility that we will have more decline ahead, so three entry steps are suggested at the current price of $1.53, then the...
Rising Channel: RUNE price action is in a bullish channel on the daily chart.
200-day EMA Bounce: A sharp bounce from this level sustains the uptrend.
50-day EMA: A close above this level could pump RUNE to $2.15.
YTD Growth: RUNE has a year-to-date growth of 33%.
Current Price: RUNE is trading at $1.68.
38.20% Fibonacci: RUNE is testing this crucial level.
Long...
THORChain (RUNEUSD) is testing the 1D MA50 (blue trend-line) as short-term Resistance after a clear-cut bounce at the bottom of the Megaphone pattern and just above the 1W MA50 (red trend-line). This mobilizes the 1W MA levels to come into focus and justifies a short-term (at least) buy towards 2.5000 (top of Megaphone and expected contact with the 1W MA100...
The RUNE EMA's have crossed to the upside indicating that this crypto could be reversing its trend from down to up. If this is the case, it will have more upside left.
While it has moved quite a bit, the strength it has shown during this last crypto down move is encouraging. RSI is also showing strength and we have a nice slope up on MACD.
There is no telling...
RUNEUSD is trading inside a Channel Up, which after the Golden Cross on the (1d) time frame, is supported firmly by the MA50 (1d).
It has already crossed above Falling Resistance (1) of the Bear Cycle and only one remais (Falling Resistance 2) but of course will take time.
The final barrier before that test is Resistance (1) at 3.1500.
Trading Plan:
1. Buy on the...
