Thor
RUNE USDT the journey of getting back-in.I would love to see RUNE go back in these FIB levels. (These fib levels are mine do not get confused or do not chat the proper way of using fib. Because I do not give a single damn about what you are about to tell me, unless you will take time to improve it and share to me then I will be willing to learn)
As I'm analyzing this chart, I see several signals that hint at why a pullback to the 0.886 or 0.84 Fibonacci level is plausible. First, the Fibonacci tool is crucial in my analysis—it provides a roadmap of where prices might find support or resistance. These particular levels are known to act as a magnet for price after a significant move, indicating a natural retracement.
The Heikin Ashi candles, with their smoothed presentation, show a trend losing its momentum, and that's my first clue that a retracement might be on the horizon. Then, I look at the moving averages: the 20, 50, and 200-period MAs. Prices tend to gravitate back to these lines, especially after a prolonged move away from them—it's like an elastic band snapping back.
Now, the Stoch RSI Divergence is especially telling. It's been in the overbought territory with 'R' signals flashing. This suggests that the market's energy is waning, and a reset is due—a dip to lower levels where the market has previously found equilibrium. It's a cycle I've seen repeatedly: a burst of activity, overextension, and then a return to a level that the market perceives as more balanced.
The Smart Money Concepts indicator aligns with this. It suggests that the institutional money, the 'smart money', may be taking profits or repositioning. These players have significant influence, and their actions can signal a forthcoming change in direction.
Combining these signals, I can infer that there's a confluence of factors suggesting a retracement. It's like the market has sprinted up a hill and now needs to catch its breath before deciding on the next move. The 0.886 or 0.84 Fibonacci levels are where I expect the market to find a foothold—if it aligns with the 'smart money' and the Stoch RSI reset, then that's where I'd anticipate a potential rebound or consolidation. It's all about reading the market's language through these indicators, and right now, they're speaking the language of a reset.
RUNE EMA's crossing upThe RUNE EMA's have crossed to the upside indicating that this crypto could be reversing its trend from down to up. If this is the case, it will have more upside left.
While it has moved quite a bit, the strength it has shown during this last crypto down move is encouraging. RSI is also showing strength and we have a nice slope up on MACD.
There is no telling if we will get a pullback or not, but for a longer-term hold, rune looks promising.
#RUNE/USDT 1D (ByBit) Descending trendline fakeoutTHOR Chain is about to print an evening star deviation and RSI looks overbought, seems likely to retrace down to 200MA support.
⚡️⚡️ #RUNE/USDT ⚡️⚡️
Exchanges: ByBit USDT
Signal Type: Regular (Short)
Leverage: Isolated (3.2X)
Amount: 5.0%
Current Price:
1.649
Entry Targets:
1) 1.727
Take-Profit Targets:
1) 1.292
Stop Targets:
1) 1.945
Published By: @Zblaba
CRYPTOCAP:RUNE #RUNEUSDT #ThorChain #DeFi
Risk/Reward= 1:2
Expected Profit= +80.6%
Possible Loss= -40.4%
Estimated Gaintime= 4-6 weeks
thorchain.org
Retracement on THORChain after its strong bullish move?After a very impressive performance of +120% in 12 days, RUNE is now showing some signs of weakness, with sell signals on the Strength Reversion (BSR), while the Rainbow Score (BRS) is approaching the red zone. We could possibly look for an entry-level buy around the $1.15 level, before continuing the upward trend.
Did Thors earning beat give it upside potential?
Did Thor industries earnings beat give the stock a potential for upside?
Maybe
Now lets look, Thor has had some pretty heavy earnings beats for at least the past year, steadily increasing each earning. They as well had announced a share buy back, so that makes it look more enticing right?
Overall fundamentals look pretty solid right?
Now let's look at why the stock might be falling.
The part shortage issues have hit the industry pretty hard.
Economic inflation on the rise (less likely for people to go out and buy a travel trailer with the CPI reports right?)
Gas prices on the rise with oil skyrocketing.
Covid-19 restrictions have been lifted in most areas in the US now.
A revenue growth over the past 2 years that has 2x-4x's its mean revenue (granted I do realize they have acquired more subsidiaries, though is it sustainable? )
In their earnings report they did speak of "making sure they don't "overproduce" even with the backlog they have acquired coming into camping season.
I would say it really boils down to how many people are going to want to go out and buy a brand new RV in the economical uncertainties right now.
Along with gas prices on the rise, with no exact sight on when fuel prices are going to level off at.
Now as you are reading this, your probably like wow NinjaNew you seem pretty bearish on the stock, well that is for the midterm I am, but that doesn't mean I don't think the stock will see some more upside.
With the earnings beat consecutively, along with the consistent revenue growth, I do think some people will step in a prop the stock back up, or at least try.
Now lets talk about price targets.
Entry #1 if it breaks above $89.00
Entry #2 if it fades back and holds the $87.00 area
Target #1 $93.00 - $96.50
Target #2 $100.00 - $107.00 ( yes, I know thats a broad target, but with this markets uncertainty, you simply have to play price action).
What are your thoughts on Thor Industries?
Comment below
THOR-WETH Potential BottomTHORSwap is a cross-chain DEX aggregator built on THORChain. Synths should be launching on THORChain soon, which should align with a general pump of the THORChain ecosystem. THORSwap has been in a slow decline in line with the rest of the market since around start/mid December.
The reasoning behind the long is that THOR has a tiny market cap (~$18-20 million) and so should outperform THORChain in the event that synths are actually launched in the coming 2-3 weeks. Essentially it is a bet on volume coming to THORChain, and considering that THORSwap is currently the main frontend for THORChain this should also positively affect THOR price action.
Why WETH, you ask? THOR is an ERC-20 token and so naturally the goal is to outperform ETH. Additionally, the vast majority of the liquidity available on THORChain is ERC-20 tokens and so the dominant ecosystem within THORChain is Ethereum.
👨🎤🎸 RUNE -Up 40% Since Last Post🤘⚔️Exact same post like last time with a little update:
Price got rejected at the 15$ mark which it will likely attempt to breach in the next hours/days forward. Will the price flirt with new all time highs (21$) ?
Most likely it should
⚔️Fundamentals:
Full release on November 1st 🤘
''$THOR will first be launched on Thorstarter on November 1st.
''This will be a capped token launch, meaning each participant is capped at $300 per participant. This is intended to encourage much broader community participation (minimum 2500 participants) and to limit whale activity.
Thorstarter has built a first-of-its-kind model: a token launchpad that combines decentralized liquidity with an investment DAO and helps to bootstrap promising projects!https://thorswap.medium.com/thor-launch-begins-november-1st-on-thorstarter-94eb11dedd80''
The Thorchain price popped sharply on Friday even as other cryptocurrencies pulled back. RUNE is trading at $10.30, which is about 62% above the lowest level this month. This performance brings its market capitalization to more than $2.3 billion, making it the 60th biggest cryptocurrency in the world.
What is RUNE?
Thorchain is a blockchain project that was built using Cosmos blockchain technology. It is a cross-chain decentralized exchange (DEX) that uses the automated market maker ( AMM ) model. The network allows traders to trade cryptocurrency assets. RUNE is the native currency for this ecosystem and is what powers the technology.
Let's hope that Bitcoin helps...
(ps. Thanks to my good friend, the Big Bulgarian Bear, for the info and links)
One Love,
the FXPROFESSOR
👨🎤🎸 RUNE - $THOR Token Launch! 🤘⚔️⚔️Fundamentals:
Full release on November 1st 🤘
''$THOR will first be launched on Thorstarter on November 1st.
''This will be a capped token launch, meaning each participant is capped at $300 per participant. This is intended to encourage much broader community participation (minimum 2500 participants) and to limit whale activity.
Thorstarter has built a first-of-its-kind model: a token launchpad that combines decentralized liquidity with an investment DAO and helps to bootstrap promising projects! thorswap.medium.com ''
The Thorchain price popped sharply on Friday even as other cryptocurrencies pulled back. RUNE is trading at $10.30, which is about 62% above the lowest level this month. This performance brings its market capitalization to more than $2.3 billion, making it the 60th biggest cryptocurrency in the world.
What is RUNE?
Thorchain is a blockchain project that was built using Cosmos blockchain technology. It is a cross-chain decentralized exchange (DEX) that uses the automated market maker (AMM) model. The network allows traders to trade cryptocurrency assets. RUNE is the native currency for this ecosystem and is what powers the technology.
Let's hope that Bitcoin helps...
(ps. Thanks to my good friend, the Big Bulgarian Bear, for the info and links)
One Love,
the FXPROFESSOR
👨🎤🎸 The RUNE, the Rune, the rune is on FIRE 🤘⚔️Professor is in a GOOD mood today.
I know a break-out when I see it and Rune is the next potential break-out.
I am listening to this by the way: www.youtube.com 👨🎤🤘
thorchain.org for fundamentals, if you don't know the project already.
Market Cap at 2,3 Billion can easily reach 5 billion given to what is happening in comparison (ICP at 13 for example...why?)
One Love,
Let's PUMP IT UP party people!
the FXPROFESSOR
Buyers are stepping in on first Gold pour for Thor and VoxFirst gold pours at the Segilola Gold Mine in West Africa by Thor Exploration.
July 30th operators completed the first gold pour. Thor is transitioning into the operating phase of the project, which means they are moving towards full-scale steady state commercial productions in September.
They are targeting 80-85,000 oz per annum, which will equate to around 45k/oz by the end of this year, and then they are looking to ramp up towards 100k/oz next year.
This royalty means good news for Vox as they receive cash flow into the portfolio alongside the other 3 production stage royalties.
The revenue generated from this mine for Vox should be 5x the initial investment over the next 3 years which was C$900k. The potential C$4.5 from Segilola has given Vox confidence to up their revenue forecasts for this year towards
C$5 million revenues which is double their previous announcement at the end of Q1. There will obviously be a lot more news coming in the next 3 years so it will be interesting to see how the other production stage assets fair and which new ones up the revenues and by how much.
Vox Royalty is protected from the challenges that occur taking a mine into production as they have no exposure to CapEx. That is not to say the mine should it fail to find the necessary materials, machinery and other COVID related disruptions, would not hinder the revenues being projected. The good news is the mine's operators are doing a sterling job so far and have an amazing track record.
🆓THORChain/USDT Map (1/5) #RUNE $RUNEThe buying force is still pouring into RUNE and it could reach the 20$ zone in the next few days with the 15$ support zone
📈BUY
-Buy: 14.6-15.4$. SL B
📉SELL
-Sell: 19-20$. SL A
♻️BACK-UP
-Sell: 14.6-15.4$ if B. SL A
-Buy: 11.7-12.3$ if A. SL B
❓Details
🕯Timeframe : 1 Day
📈Red Arrow : Main Direction as BUY & SELL section
📉Blue Arrow : Back-Up Direction as BACK-UP section
🟩Green zone : Support zone as BUY section
🟥Red zone : Resistance zone as SELL section
THO BreakoutEDIT: Sorry I didn't notice the KEY is unlabeled .
-The top red box in the key indicates stop losses
-The bottom green box in the key indicates buy zones
Followed this one for a while and have predicted the moves since the break over $100 pretty well, just haven't pulled the trigger on any trades yet.
Mostly due to the extreme swings it has. (Beta is just under 2.4 so this thing is pretty volatile)
This isn't one of my most confident trade ideas but I like following this stock and its a pretty fun stock to follow and predict.
Obviously with the high Beta, if we see a move into a bear market this stock could test the lower demand zones above $100 very quickly.
($110 range for higher demand, and $101-$103 for the lower demand range)
VeChain ScallopsVeChain idea containing four scallops
Some descending some ascending
While in a rising wedge this is a weak indication of a bearish move
Some chart patterns aren't respected as much, or seemingly have different success rates as others
Personally I think this is pretty bullish, fundamentally
DisciplineNASDAQ:AKAM and NYSE:THO I took three weeks ago.
I have checked my signals in thinkorswim every morning diligently at 10:00am. That's my job. I have not found a single trade that fit my rules to take bullish since September 17th! My two that I took on that date were NASDAQ:AKAM and NYSE:THO . AKAM and THO both pulled a 3:1 on 75% of my positions, AKAM's remainder I closed when it got below a key level, THO continues to run.
Every day that I do not find an opportunity comes with a little bit of trepidation. "Is thinkorswim's scanner code broken this morning?" "Has the strategy lost some edge?" OR... "Is my strategy just performing as intended and keeping my trades long and short in sync with the market?" I like to believe the latter and based on the timing of the two longs I did take it did help me capture this last bullish run up to resistance on the AMEX:SPY and market as a whole.
So I wait... and reserve my capital for OPPORTUNITY and FOLLOW MY RULES!
Thor Industries (THO) Technical AnalysisThe Idea is to go long, but just wait the right signal based on the breakout/ no breakout of the resistance level.
Thor Industries (THO) – The recreational vehicle maker reported fiscal third-quarter profit of 43 cents per share, compared to analysts’ expectations of a quarterly loss. Revenue also beat Street forecasts. Thor said it was able to adjust its cost structure to deal with the negative impact of the Covid-19 pandemic, and that sales began to improve in May as dealerships reopened.
F Flying lets Go Camping Yeah!Well this is a sure thing people will be buying and renting what? Campers and as Summer draws near its a perfect adventure confined with the people you love Right Right! Look for a bit of consolidation in next week or so to form at prior high.. handle then you no the expression deeper the cup Yeah!