THORChain / RUNEUSD is testing yet again Resistance A (1.97500), after after 3 failed attempts to cross over it in the past 6 weeks. That would favor a bearish move if at the same time the 1week MA50 didn't hold being the Support. If it closes the week over Resistance A, it will the signal to buy and target 3.5000 (1week MA200). That will be inside the 0.5-0.382...
As we can see the completion of 5 impulse waves retracement around fibo 0.5 to 0.618 is expected for wave b or wave 2.
We last looked into THORChain (RUNEUSD) 3 weeks ago (see chart below) when we called for a pause of the enormous uptrend within the Resistance Zone: As expected, the price got rejected on the 1.9750 Resistance and pulled-back to the 0.382 Fibonacci retracement level. Needless to say that after breaking above the Falling Wedge pattern, as well as the 1W MA50...
according to my count there is a possibility for a new bottom. It can happen in late november or early december.
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
THORChain (RUNEUSD) broke above the top (Lower Highs trend-line) of the 1 year Falling Wedge pattern (since the August 11 2022). This is a major bullish break-out, considering that the price also broke above not just the 1D MA200 (orange trend-line) but also the 1W MA50 (red trend-line) for the first time since April 26 2022. As long as the 1.7250 - 1.9750...
We have a classic pattern here for RUNEUSDT (THORChain). The Adam & Eve pattern is a bottom formation and here we can appreciate a break and close above EMA50 as well. This can both confirms the bottom and pattern as having a bullish breakout. (Supported by high volume not shown on this chart) The MACD has gone bullish and the RSI is super strong above 60,...
Interesting fractal on RUNE. I am shorting this. Probably going to retest the base.
SL: $ 0.7 (IF YOU MUST YOU USE LEVERAGE) If you want to play this in the short term first exit @ TP1: $ 6 Longer-term spot exit TP2 : $ 18
SL: $ 0.7 (IF YOU MUST YOU USE LEVERAGE) If you want to play this in the short term first exit @ TP1: $ 6 Longer-term spot exit TP2 : $ 18
RUNE is currently within a large up channel and has poised itself in the middle roughly A bull breakout is shown in the green bars pattern, this is the continuation of the channel result Moving Up above the yellow line
Weekly needs to close above $1.70 for RUNE to break this long downtrend.
CRYPTO:RUNEUSD i think rune is make bullish pattern we must wait and see
As shown in previous analyzes, the currency is likely to rise by a greater percentage, and currently a downtrend has been broken, and it is expected to be retested, then launch to the shaded area
Another bounce here seems likely as it has done in the past.
Inverted H&S RUNE could go down to 1.30 - 1.10. WATCH out
Rune just reclaimed the MA200. Looking promising as all other coins are at resistance or facing upthrust concerns.