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RUNEUSDT trade ideas

RUNEUSDT: Could This Bearish Structure Signal a Major Move?Yello, Paradisers! Are you ready to catch the next big move in RUNEUSDT? Let's dive into the details. 💎RUNEUSDT is currently following a bearish market structure, making it an ideal candidate for short opportunities. Recently, we’ve seen the formation of a Head and Shoulders pattern right after RUNEUSDT touched the bearish Order Block (OB) zone. This pattern strengthens the likelihood of a bearish continuation, but we need a breakdown with a candle close below the support zone for confirmation. This breakdown would also indicate a Change of Character (I-CHoCH) toward the bearish side in lower timeframes. 💎Now, if the price rises from the support zone, there's a chance we could see a potential Double Top pattern form at the bearish OB zone. Again, confirmation through an I-CHoCH is crucial before taking any action. 💎However, if RUNEUSDT breaks out above the bearish OB zone, it’s best to step back. There’s no bullish setup in play at the moment, so sticking to our rules is essential for long-term success. Remember, disciplined trading is the key to consistency. MyCryptoParadise iFeel the success🌴
Short
by MyCryptoParadise_Nathan
Is RUNEUSDT Poised for a Bullish Breakout?Yello, Paradisers! Could RUNEUSDT be gearing up for a bullish breakout? Let’s break down the latest analysis and see what levels are crucial for this move. 💎RUNEUSDT is currently in a descending channel and has formed a cup and handle pattern, increasing the probability of a bullish move. However, we need more than just patterns to confirm the trend. 💎We need a breakout of both the descending channel and the resistance zone of the cup and handle pattern to confirm a bullish move. 💎If there's a pullback, we can expect a potential double bottom pattern at the support level. To increase our confidence, we should wait for an I-CHoCH (Internal Change of Character) indicating a shift towards a bullish market structure. 💎If the price breaks down and closes below the support level, it will invalidate our bullish scenario. In this case, it's better to wait for a more favorable price action to develop. Remember, Paradisers, trading is about discipline and patience. Wait for clear signals before making your move. Stay focused and play it smart! MyCryptoParadise iFeel the success🌴
Long
by MyCryptoParadise_Nathan
Will RUNE Bears Push The Price Below $3?Thorchain has a market cap of over $1.9 Billion and is currently ranked 57th in the cryptoverse. RUNE overall volume has observed a surge of 27% while the VM ratio of the protocol is suggesting a consolidation in the trend. RUNE token price is currently trading near the value of $4.93 with a slight drop in the intraday session. RUNE price is currently trading in a bearish parallel channel. Rune token price is currently trading below the 50 and 100 EMA. The upside trend of RUNE can see a halt near the value of $6. Meanwhile, the support of the asset price can be observed near $4. The RSI of RUNE is currently near 31 with no slope in it. The overall sentiment of the RSI is bearish in nature.
Short
by Ritika_TCR
RUNE: Bullish Breakout Signals Potential Upside Momentum💎 RUNE has broken out of the descending channel and has also shown BOS (Break of Support). Currently, we are anticipating a pullback to the Bullish OB (Order Block) zone. 💎 In order to confirm the bullish momentum, we need to see strong green candles, preferably bullish engulfing candles. It's worth noting that the Bullish OB levels are supported by the 200 EMA (Exponential Moving Average), adding further confidence to bullish traders. 💎 Moreover, upon analyzing the chart of RUNEUSDT in a larger timeframe, we can observe a potential formation of a bullish flag and pole pattern. 💎 However, in the event of a breakdown below the Bullish OB level, it would be prudent to avoid seeking opportunities against the prevailing market trend.
by MyCryptoParadise_Nathan
RUNE - Under Elliott Correction Wave#RUNE 4hr. Chart Analysis CRYPTOCAP:RUNE at present going to #Bullish trend after the update news and it will be moving under Elliott #ImpulsiveWave and after completed its final Wave recently, it was starts moving towards first #CorrectionWave formally as well. From $3.1 at 7th Nov., its #ElliottWave starts and growen upto $6.6 around finally and now its correction wave starts that will be finish out approx. $4.5 to $4.3 before next week start-up with new cycle. Lets see, whats the actual movements of every cut-off points but major chances that it will be take a correction before another #Bullish trend towards next ride towards $13-$15 next time. Always #DYOR before investing or Trading and use #Stoploss into tradings, Its #NFA also, Follow me to like and comments on it to share anyone too...
Short
by AskToRahulSirohi
2
RUNE 1W UPDATE Rune 1W Analysis: - Rune has shown an impulsive move staggering gains of around 200-250% from our entry - Rune currently is at a weekly supply - Mitigation of that weekly supply can lead to a 20-50% retracement. - IMO Rune can first pierce the weekly supply trap Buy side liquidity and then start dropping. - Do not FOMO here rather just observe and try to be a hawk - Rune is currently sitting at an overbought level. - For those who are looking to accumulate Rune or want to buy wait for a 20-50% retracement from this zone around 2.3-2.6$ and start adding it to your bags so that you do not miss the next wave.
Short
by VKtradesimbalance
RUNE/USDT: Trend Reversal Alert - Head and Shoulders Analysis!💎 Attention Paradisers, let's look at RUNE/USDT on the hourly chart. We see a head and shoulders pattern forming, which could mean a change in trend. The left shoulder and head show higher highs, while the right shoulder represents lower high. This could signal a shift from bullish to bearish. 💎 If the price goes below the neckline and the demand level at 1.334, we might see a bearish trend. In that case, the price could drop to demand zones at 1.161, 1.042, and 0.953. 💎 Remember, stay alert and trade smart, ParadiseSquad!
Short
by MyCryptoParadise_Nathan
RUNE/USDT: Triangle Breakout to 'W' Formation - Explosive Signs💎 Paradisers, let's turn our attention to RUNE/USDT. On the 1-hour daily chart, it has broken out of a triangle pattern and is now sketching a 'W' formation, signaling the creation of higher highs. With this momentum, we could potentially aim for resistance targets at 1.108, advancing to 1.184, and even reaching up to 1.280. 💎It's worth noting that the 1.280 resistance is particularly robust, reinforced by the presence of the 200 EMA. This EMA could act as a magnet, possibly aiding the price in its upward journey. As always, stay alert and happy trading, ladies and gentlemen!
Long
by MyCryptoParadise_Nathan
1
Runecoin short-Triangle breakoutRunecoin along with whole cryptocurrency stepped into downtrend.There was a first wave happened already.Now runecoin is restesting from the support level(1.345),and can go to upper resistance level(1.365) as shown in the picture.If the price again falls down from the resistance,a short trade can be initiated there.Also you can check the volume or ADX or RSI at the time of entry for a double confirmation. keep an eye on the trade.Happy Trading.
Short
by marketshero