THORChain RUNE in healthy correctionTHORChain RUNE in healthy correction after bearish divergence on RSI.
This correction started at FIB golden pocket ($12.13-$12.60) as I proposed 2 weeks ago.
A correction to volume support at $6.37 would be healthy and not concerning for Bulls.
What do you think?
Drop me a nice comment if you'd like me to analyze any other cryptocurrency or do another comparison.
*not financial advice
do your own research before investing
RUNEUSDT
RUNEUSDT, 4th target was reached, now we need correctionHello everybody
RUNE is one the most powerful project for solving the LP problem from ...
According to the chart and last analysis that we published all of the zone exactly done its duty and now at this time we are going to make new uptrend and we need more correction to have a nice R/r and then you can take position but check the chart in lower time frame and check, and take signal after that take position or buy in spot.
Exactly our last analysis was donw and reach to all 4th Target
Previous analysis :
Good Luck
Abtin
RuneThe low is not in, nor is the high
Only key levels highlighted
TP1 - VAL + Daily for a perfect confluence
TP2 - Monthly
TP3 - 100% extension
TP4 - Daily
RUNE double bottom can complete#RUNE/USDT
$RUNE shaped a double bottom pattern and also price broke out from descending resistance.
🐮 price possibly will have pullback to broken line to support zone around $7 then if success to hold that support it will head up to resistance zone and 2 fib level to complete double bottom pattern.
THORChain; RUNE/USDT Analysis 📈📉Hello Crypto community Welcome to this introduction for another high potential crypto project.🚀💰
THORChain:THE DECENTRALIZED & AUTONOMOUS
CROSS-CHAIN ,LIQUIDITY NETWORK
🔹Rank #44,/ kind : TOKEN \\ Market Cap:$3,840,270,372 \\ Total Value Locked (TVL)$535,783,092 \\ Market Cap / TVL Ratio =7.15===> GOOD✅
Max Supply: 500,000,000 /Total Supply:334,937,975/// Circulating Supply: 330,688,061.33 RUNE ( 66%) ====> GREAT✅✅
THORChain is an independent blockchain built using the Cosmos SDK that will serve as a cross-chain decentralized exchange (DEX). It uses an automated market maker (AMM) model that resembles the first iterations of Bancor (BNT) or Uniswap where THORChain's native token (RUNE) will be the base swap pair.
With THORChain, users can simply swap one asset for another in a permissionless setting, without needing to rely on order books to source liquidity. Instead, market prices are maintained through the ratio of assets in a pool (see automated market maker).
The native utility token of the THORChain platform is RUNE. This is used as the base currency in the THORChain ecosystem and is also used for platform governance and security .
thorchain.org-Coinarketcap
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📊Technical
As you can see on the WEEKLY timeframe for RUNE/USDT ,Since February 2022 it has printed 5 green candle and had a growth by more than 300% ,so I supposed it cannot rise more than resistance zone now , probably it want to have correction because it recently reached the resistance of dynamic descending trendline. so it can correct on the first support level and after a little rest then start to attack descending tendline again , then after a breakout and pullback ,continue its uptrend till the targets. but otherwise if it drops and loses the lower support it can fall more to lower support zone in this case . but take it mind according to recent crossover between 14 and 20 EMA it can continue it its rally , especially if be accompanied with the a growth of BTC and an we see a green market or altcoin overall for crypto market .
🛑resistance level: $14.88-$17.16// descending trendlines
❇️support levels: $6.46-7.35///$3.39-4.28///
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👉This analysis is my personal opinion ,not a financial advice ,so do your own research.
💜 if you're a fan of my analyses PLZ follow me and give a big thumbs 👍 OR drop comment 🗯💭
Rune/Usdt why you shouldn't be bearish.From the bottom we have been trading Rune and it have been profitable, and I don't think the bulls are done yet.
For the bulls to break the resistance line around 13$, I believe this channel have to be in play
Which would result to a break out. Validating the double bottom you can see at D1
I am still bullish on Rune and hopping to see more momentum.
I would like to hear your opinion on RUNE usdt and how you plan to trade it
MAGNIFICENT CHART IN DAILY USDT RUNE - OPTIMISTIC PROJECTIONTechnical analysis regarding the price of THORChain in relation of dollar Tether for the next scenarios, based on daily movement.
disclaimer
*** In accordance with CVM Instruction No. 598, of May 3, 2018, Art. 21, I declare that the recommendations of this analysis reflect solely and exclusively my personal opinions and perceptions and that they were prepared independently and autonomously. Not being considered a purchase and/or sale recommendation. ***
Any questions do not hesitate to contact me. I'm happy to be able to help you in the best way I can. 🙏
⚡RUNE needs to take a breathIn my opinion BINANCE:RUNEUSDT rally needs to take a break. The last 3 day the price was moving up in a rising wedge formation with lowering volume and bearish divergences all across the board. The price just broke the dynamic support and I think it is now headed towards 8.00 - 7.00$ to complete wave (4)
Take profit: between 8.00 - 7.00
!!-- always DYOR and remember about risk management 👌
Update 29/3/22: Thorchain (RUNE) 420% gain back to the ATH Since the 13 Ema crossed up above the 21 sma signalling a strong buy signal on the Daily, Thorchain (RUNE) has gained 250%+ from the Buy Zone @ $3.44 to the current price @ $12.29. Thorchain (RUNE) is now only 71% gain from the ATH @ $21.09.
Our current Thorchain (RUNE) price targets from the current price:
127.20% fibs @ $26.01 (111% Gain)
161.80% fibs @ $32.27 (163% Gain)
261.80% fibs @ $50.38(308% Gain)
423.60% fibs @ $79.61 (545% Gain)
LFG!!!🚀
Rune/UsdtRune just finished testing the H4 channel which has been holding since the resent bull run from 2$ and now 10$.
Following the recent market recovery many believe that Altseason or Bull Run has commenced.
However I can see some ending diagonal expansion pattern, Which currently the support is at 10.300 which if holds will drive the trend to another higher and the resistance is around $12.900 - $13.00
How ever if you felt it's now time for the bears to kick in, maybe opening a sell position below 10$ and riding till the H4 channel support maybe a good idea.
Whichever way you choose trade safe, and always secure your account.
Kindly leave your opinion on the comment section
Plz like and follow
Thanks
THORChain (RUNE)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, users can simply swap one asset for another in a permissionless setting, without needing to rely on order books to source liquidity. Instead, market prices are maintained through the ratio of assets in a pool ,see automated market maker. The native utility token of the THORChain platform is $RUNE
we just passed 3 Billion Marketcap and 4 Billion is on the way too
what do you think about Rune?
THORChain (RUNE) with bearish divergence - correction healthyTHORChain (RUNE) with bearish divergence on RSI - correction healthy
A correction to volume support at $6.37 would be healthy and not concerning for Bulls.
At least at FIB golden pocket ($12.13-$12.60) a correction might start.
What do you think?
Drop me a nice comment if you'd like me to analyze any other cryptocurrency or do another comparison.
*not financial advice
do your own research before investing