$RUNE: simple head and shoulder pattern: buy zone for long

12 lug

RUNE is an established DeFi protocol that works and is solid, based on its own blockchain, Thorchain. No token unlocks, all tokens are vested, making it relatively safe from rug pulls. However, like many other altcoins, it has been overheated and is undergoing a drastic cooldown.

This pattern is a classic one, easy to identify, and therefore the target is below the neckline at $2 or less. It looks very low, but if you look at the Weekly MACD, you can see that it is not oversold and needs more downside to reset before a reversal.

Even if it bounces because BTC has another pump, the chart pattern suggests not buying above this zone as it would go against the chart theory.

Do what you want, but I have put my buy order in the green zone, which guarantees me a significant profit if it gets filled. If not, I will buy another coin.

Always do your own research (DYOR). This is not financial advice; I am just articulating what the chart indicates. It is up to you to make any informed decision based on that.

15 lug

Nota

RUNE has pumped with all the market after the Trump white swan event. However it is still in the danger zone. I would not get too excited by this pump. It is good that Whales are showing some strenght, and also good that BTC do not dump to 48k or lower. However, charts are not lying, RUNE has to enter the refill box to be at a good price for a long. So I am waiting.

31 lug

Nota

RUNE is close to my buy zone. I have updated the chart according to the new market development.
MT.Gox just sent their last batch of $3.5 Billions to Bitstamp, so I expect -5% to -10% which will get RUNE in the buy zone.
I expect the market to recover quickly after, so I think that it will be a good long entry. Here is the updated buy zone for your information.

31 lug

Nota

Note that if there is a dump, PEPE has no resistance until 0.00001000 and can drop strongly, temporary. That would be a great buy for a long. Let's hope.

3 ago

Trade chiuso: obiettivo raggiunto

We are back in the buy zone. Time to consider refilling our bags.
Another idea that worked.

16 ago

Nota

RUNE is recovering better than the rest of the Altcoins. Solid coin.

10 set

Nota

RUNE consolidating higher, keep going. Forecast was accurate.