Get started

Thorchain

THORChain & XMR Will Team Up For A Better Stability Of NetworkXMR price traded at $411.50 with a gain of 7.43% in the last 24-hour. Furthermore, XMR coin price bounced from the support of $312. In contrast, the market capitalization stands at $7.3 billion. Technically, investors can perceive a positive crossover in the EMA, and the price is above the 55-EMA. RSI index showcases an upward slope. Moreover, the price movement can be towards the target price of $500 in future trading sessions. TP-1: $500 Support: $312
BITFINEX:XMRUSDLong
by tcr_thecoinrepublic
rune long term buyRune is a great, great project we are invested in for the long run. Initial investments from around 4.2 dollars This is only the start for rune so its still definitely not too late to get involved! In this current bull run the setups are so simple - impulse, correction, impulse. If we see another corrective structure, followed by a break of this structure - we will add further positions If you're not sure on rune i'd strongly advise you to do some research - game changing project!!
Long
by Geordiefx
RUNE (THORChain) Token Analysis 23/03/2021Fundamentals: 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. This is used as the base currency in the THORChain ecosystem and is also used for platform governance and security as part of THORChain's Sybil resistance mechanisms — since THORChain nodes must commit a minimum of 1 million RUNE to participate in its rotating consensus process. THORChain was funded through an initial DEX offering (IDO) which launched through the Binance DEX in July 2019. Its mainnet originally launched in January 2021, but a multi-chain upgrade is currently scheduled for 2021. THORChain uses a unique system to help mitigate the issue of “impermanent losses” — or the often temporary losses that a liquidity provider can experience when contributing to liquidity pools. It achieves this by using a slip-based fee to help ensure liquidity stays where it is needed. On top of this, THORChain combines a range of novel technologies, including on-way state pegs, a state machine, the Bifröst Signer Module and a TSS protocol to seamlessly facilitate cross-chain token swaps. This is all kept behind the scenes, making the platform accessible to even inexperienced traders. The platform isn't profit-oriented. All fees generated by the protocol go directly to the users, and there are no provisions for the team. Instead, the team is incentivized by simply holding RUNE — just like everyone else. The RUNE token is currently available on multiple blockchains, including Binance Chain (as a BEP-2 token) and Ethereum (as an ERC-20 token) According to an official representative of THORChain, the platform has no CEO, no founder and no directors. Instead, the further development of the platform is organized through Gitlab. On top of this, those currently working on the project are largely anonymous. Again, an official representative of THORChain states that this is to "protect the project and ensure that it can decentralize." A tweet by the project sheds some light on the theory behind maintaining a project with an anonymous team, as quoted below: “-> Developers work for the Nodes, by shipping code that makes the system more valuable. -> Nodes work for the Stakers, by securing assets and being online. -> Stakers bring capital, placed on-market for the Swappers. -> Swappers pay fees, bringing economic activity.” Technical Analysis: there exist a Bearish Divergence between the Price and MACD, which is the sign of Bullish Trend Reversal and retracements followed by some price correction and Consolidation before Reaccumulating for the next Impulsive Bullish Wave. we have defined some Retracement and Support levels which are the Fibonacci Retracements Levels where as any of them could stand and Bounce the Price Back to the new Highs, we have defined 2 Targets by the Fibonacci Expansions zones -27% and -61.8% of the same Impulsive wave.
by BitonGroup
4
RUNEUSD (Thorchain) analysis updatePrice has gone up around 15% since yesterdays analysis, however i still see there being further downside on this pair. While this has gone up, ETH and LTC have stayed relatively stagnant, while BTC is currently ranging between 50-55k. As shown on the chart we can see a head and shoulders pattern has formed along with a hanging man at the strong resistance level around $5.80-$6.00. We can also see that price has shot up straight into the TL where we could see a rejection from. I also find usually when price shoots up during the Asian session/early morning GMT time, we usually see a reversal of this movement later on in the day producing a wick on the daily candle. I still see BTC hitting at least 49k which will also bring ALTS down further and adding confluence to this analysis. And finally we are also nearing the end of the monthly candle. If we close around the level we are at now, we should see a wick in the new monthly candle into $4.20 before a continuation of the uptrend.
FTX:RUNEPERPShort
by Kai-FX
THORCHAIN 240 MIN TF.THORCHAIN is leaving an ascending bullish continuation channel in which we see rising highs and rising lows. Within the same bullish channel we see how the price has entered a phase in which it does not look like it is going to look for the lower divergence again. In the daily chart we can see how the price has tested the 6$ zone several times. I think that if the price returns to this area can break with force, which indicates that we could go to look for at least $8.50. For our pattern to occur we will look for a candle in TF: 240 min with decision and closing near the previous high.
Long
by alvarogctmr
RUNE/USDT Looking for a sweetspot-entry around 2.5$ThorChain (RUNE) could be the next backend for Binance and is, if this becomes true, poised to go upwards. Shortterm I am looking for a sweetspot-entry around 2.5$. The volume dropped slowly but consistently while the price rose. --> Bearish divergence. Also, the previous resistances were not really challenged to hold as support so far. Enjoy the ride and don't be too greedy. If you like the content, please like, comment and give this channel a follow. Cheers
Long
by tumbler55
RUNEUSDT Ride The WAVE 📈February 10th - 17th RUNE nosedived . A move that must have shaken paper hands I guess. But this time most coins had tsunami. Eventful week. From thence RUNE picked upwards again. Completed a wiggly move( W ). Then Boom it broke a familiar resistance level to $5 region Here it meets another resistance Potential Support at $4.3 mark. To break $5 cap 🎓, it needs a healthy retrace. It should bounce off here upwards. Then completes its move down Key Level support. From here to a new moon 🚀 with full throttle. I will take my Long entry near Key Level. Below Resistance ( As in Chart ) I expect a long candle wick through to hit. Bears can SHORT it from current price FA : RUNE has a unique future. Hidden in plain sight. Audited code. Birthed by ThorChain Speculatively GoTo tech. if BTC be regulated . Huge potential in terms of Use-Case. Market Cap is over $1 Billion . Wow!!! What more can I say, 🤷‍♀️ DYOR ! Follow 🚶 Like 👍 Share your thoughts !
Long
by CryptonKidd
2
RUNE (THORchainHello! Possible breakout on THORchain if Btc stays chill and alts stay bull. Price and RSI has tested this supressing resistance line already a few times. We did get a break out on RSI. We still need to go threw that 50EMA (Brown line) and close on top. Like we can see 200EMA (red line) and previous structure worked as support. Small volume also behind. We can also retest that RSI as a support and bounce from there if we close above it. Let's see what happens ;) What I have researched RUNE sounds like an interesting project. If you do take trades and are not holding for long term use stop loss. Otherwise you will get your ass burned! -Jebu
Long
by PalenTrade
Analysis in an optimistic scenario for the next moments in RUNETechnical analysis regarding the price of THORCHAIN in relation of dollar Tether for the next scenarios, based on 4 hour 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. ***
Long
by luizhcruz
2
RUNEBUSD respecting the bullish channel. Projections of bullishTechnical analysis regarding the price of THORCHAIN in relation of dollar Binance for the next scenarios, based on 4 hour movement. Price forming rising funds / tops, with the Exponential Moving Averages of 34 and 89 periods driving the price and, it is walking respecting this upward channel. By projecting a FIBONACCI in that leg that the price gave, I manage to obtain the levels where the price can reach! disclaimer *** This is not a recommendation to purchase and/or sale. It is for educational purposes only. ***
RLong
by luizhcruz
2
✳️THORChain/USDT Analysis (23/1) #RUNE $RUNEAfter the strong dump yesterday, RUNE has recovered very strongly with very good buying power. If RUNE closes 1Day candlestick above $2 zone, it will rise to $2.8 zone by the end of January. 📅NEWS 👉Jan 30 : Multichain Testnet 👉Jul 31, 2022 : Planned Obsolescence 📈BUY -Buy: 1.9-2.0$ if A. SL if B -Buy: 1.6-1.7$. SL if B 📉SELL -Sell: 2.8-2.9$. SL if A ♻️BACK-UP -Sell: 1.6-1.7$ if B. SL if A -Buy: 1.2-1.3$. SL if B ❓Details Condition A : "If 1D candle closes ABOVE this zone" Condition B : "If 1D candle closes BELOW this zone"
Long
by CryptoStation
Daily analysis in RUNEUSDT - Price target (walking on the channMy speculation as to the price of THORChain (RUNE) for the next moments, based on daily movement. The price on the daily chart has been moving in a bullish channel, with support and resistance points already well defined. Based on my speculation, I believe that after the price breaks this resistance (which may signal is the channel's upward trend line), it will be able to seek the projected target (first green line at the price of 1.9996) Moving averages taking shape and price always staying at higher levels, gaining strength and growth in this period. disclaimer *** This is not a recommendation to purchase and/or sale. It is for educational purposes only ***
Long
by luizhcruz