Thorchain
Is BNB going to surprise us all next? Welcome back, traders!
In this article, I've created a Wyckoffian Supply and Demand chart for you starting from the COVID-19 crash on BNB
The chart is self-explanatory. Just follow the annotations starting with #1
The exchanges have had some very constructive reactions in this last sell-off which prompted me to look into BNB. I created a video looking at the character of this last move down in the Crpyto market, and exchanges showed lots of interest coming in! I'll like the post here , you can check it out to learn more!
In addition, BNB is an infrastructure of the Thorchain system which is growing exponentially these days and their imminent Chaosnet launch could fuel a new wave of demand for the coin!
Please like and use the comments section below to share your ideas and positions on BNB and the analysis above with the community!
Your support means a lot :)
Shayan
✳️ThorChain [RUNE/BTC] on Aug 28 #RUNE $RUNE #RUNEBTCThe RUNE is in a fairly clear uptrend and will quickly hit the upper trendline of the Rising Wedge pattern in the 12000sts zone and break it to rise strongly to the 17000sts zone in early September.
This plan will be invalidated if RUNE breaks below trendline and falls off the 6200sts.
Private Idea :
RUNE token might be approaching a good entry pointAs we can see on the chart, after an interesting increase in price and upwards momentum, RUNE token seems to be making a correction on its way up.
A retracement to the 0.382 Fibonacci level on the daily chart, a level which acted as support about ten days ago
From a fundamental point of view, I consider Thorchain a good project and now it could be a good entry point.
They're trying to accomplish cross-chain liquidity and they're still in an early phase, so there's still room for improvements.
They also offer an interesting staking program from the get-go.
So consider this opportunity.
THORChain (RUNE) Project OverviewAbout THORChain
THORChain describes itself as a decentralized liquidity network that allows users to swap assets instantly at manipulation-resistant market prices. Swaps are done through permissionless cross-chain liquidity pools that allow users to stake their assets to earn trading fees. Traders can monitor pool prices and earn by arbitraging back to fair market prices. Projects can reportedly stake their treasuries to give their tokens deep liquidity.
Source: Coinmarketcap.com
Website: thorchain.org
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This is a new add on Binance... The project seems to be very strong.
As for the chart... It is already high up there and prices bouncing so it can go either way.
This is a young chart so no analysis of the signals can be done.
Thanks a lot for your support.
Namaste.
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Remember that this is not a piece of financial nor trading advice.
This information is shared for your own learning/educational purposes only.
RUNE/USD Analysing RUNE or Thorchain was one of fastest rising coin in last week
They puplished mainnet update and it's price made more than 2x just in one week. (from $0,4 to $0,86)
As it seen in the graph, RUNE made ATH and returned from the resistance and likely to fall after profit sales .
Also about 1.000.000 RUNE has been distributed to users who staked their RUNE and soon those coins will be unlocked and sells will start.
Beause daily trading volume is low and it'spossible that traders will sell RUNE and invest in other coins.
It's good to put short order between $0.8- $0,83
It's targets are $0,77, $0,70, $0,59 and $0,53
I expect #RUNE will fall to $0,53 by the end of August.
Good luck
Buy $RUNE up to $40Well, I am the first here to say. So remember my words. I'm pretty sure that we will see $RUNE around $40 some time. Indeed it may happen after the launch of the main products and on the wave of the next great bull-run.
And moreover think about that if we have total supply of 500M RUNE and each RUNE is worth $40 it gives us only $20 billions of market capitalization. Is that too much? I reckon, it isn't. As BTC can have a trillion $ market cap and the most of RUNE will being locked. It won't be a surprise to see $100-$200 per RUNE some day.
Call me a zealot, but a man must have something to believe in.
Good luck! I wish profits for all!