Price recently reached the major 2D supply zone where it is currently getting rejected from. MACD is showing bullish weakness, RSI is bought and EMAs are bullish. I am expecting to see a pullback towards to the 4h demand zone at $8.5 where we would be looking to long from after filling the imbalance at $9.
2 powerfull trendlines and a strong resistance line.
Gives me a view that this probably will be a sell.
So if this will happen, rune created a LH.
we will see what will happen
the price got a rejection exactly from the monthly resistance at 5.8$. After the rejection, the price is going to test the 0.618 Fibonacci level on the daily support at 4.32$
on the 4h timeframe, you can notice a false breakout from the monthly resistance
How to approach?
If the price is going to have a breakout from the 4h resistance at 4.5$ and r3etest as new...
Happy Nowrouz
Happy New Year my dear Persian fellows
and hope yall enjoy crypto Spring as well
Today we gonna talk about one of the good crypto projects
THORCHain is a decentralized liquidity protocol that allows users to easily exchange cryptocurrency assets across a range of networks without losing full custody of their assets in the process. with THORChain,...
RUNE (RUNEUSDT) Mid-tier to Daily timeframe range. if you look at it even with intermediate trader's prospective its a profitable coin. specially a asset thats moves a lot within its respected zones range is a profitable asset. it provided some decent midtier timeframe setups too and it had swing and position traders setups. it was possible by look at its volume...
$RUNE :
* Trailing to previous predictions ., chart exactly played what it suppose to.
Pumped till the yellow dot as predicted .
From now the possible scenarios could be -
IMO :
Scenario 1 :
If today's Close break this major resistance
it might pump to yellow zone.
Scenario 2 :
If today's close fails to break this line
(assuming a long wick is formed...
THORCHain is a decentralized liquidity protocol that allows users to easily exchange cryptocurrency assets across a range of networks without losing full custody of their assets in the process.
I'm showing the possible targets that you can trade them when the price reach them.
A possible SHORT is at $10.00 and $13.15
A possible LONG or Spot Buy at $7.00 and $4.00
Didn’t quite make it to the previously determined but zone. I still imagine we will bounce but with markets heating up and Terra tokens supposedly launching today I don’t know if we’re going to hit my initial target.
Might unfortunately have to fade this one.
The following are machine translations:
The uptrend is better.
A wave of gains broke the resistance at $8.
At present, it has stepped back to the vicinity of $8 to stop falling and rebound.
Stepping back on resistance and rebounding, it is bullish.
