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Thorchain

RUNE - Dont let it RUNe off without youCharted on 21st April RUNE aims to be a decentralised cross-chain dex which offers trading of native assets on-chain rather than wrapped tokens or represented tokens controlled and stored in a cex. Rune is needed to bootstrap liquidity in LPs (in an overcollateralized manner), synergistic with Terra due to decentralised nature and UST adoption, and finally burnt to mint THOR.USD (new!). As posted in my own substack, expecting ecosystems with native stablecoins and defi to pick up steam as the current narrative. Very bullish - 30% Rune trading volume up for decentralised preferences, supply shock from the collateralization (LP), synergistic effect of DEX benefitting from increased trading volumes due to THOR.USD and supply drain due to burn-to-mint function would be the main catalyst to send Thorchain up. Am expecting a retest of $12.18 and $12.88 which would be the 0.5 fib and the descending trendline which acts as resistance. We would want to see a break of the descending trendline which would mark the end of a year-long range and expect more upside. A retest of demand after breaking out from the resistance would let us target the previous upside fibs at $14.3, $17.3 and ATH ~$22 Strategy would be to add on 0.382 fibs ($10), on 0.5 fibs ($12.8 retest) post resistance breakout and consolidations above the 0.786 fibs at $17.3 Conservative Bullish - 40% Cautious traders who buy RUN E would aim for better risk:reward especially since it has been hacked before, as well as lack of volume from people who want to derisk from LUNA/ Do Kwon. This scenario would see RUNE ranging in the 0.236 to 0.382 fibs, between 7.3 and 10. I would then expect this to test the descending trendline and be rejected, with $10 as a good re-add zone due to 1) psychological round whole number and 2) 0.382 fib retest. Strategy would be to rinse buying RUNE near $7 and selling at $10, re-adding at $10 upon rejection or breakout of the trendline, with a target of 14.3 and 17.3 as conservative bullish targets. Bearish - 30% Looking at UST or algorithm/ecosystem stablecoins created via collateralization to be fudded, causing the meta to shift away from this narrative, as well as seasonal weakness in May which could also cause massive shorting to hedge. It would still be a great protocol to add and DCA on dips. Would be possibly looking at RUNE retracing from here downwards to old support $6.73 and ranging back towards the 0.382 fib ($10). Any closure below the old support would let us see a sweep of lows and thus the possibility of a $3-4 RUNE. You may choose to DCA at old support 6.73 and prepare to add heavily if $3-4 RUNE DCA opportunity comes, or short at the descending resistance trendline or the 0.382 fib on a range retrace with a target of $3.5 RUNE has been a key component of defi and crypto ethos and it has a resilient community waiting on the success of such a protocol. LPs exist on Thoryield and you may choose to earn by being validators through running THOR nodes too. As it is a volatile coin, I would recommend spot trading for RUNE on exchanges like Bybit rather than touching perps if you are not an experienced trader.
by Zyale
THORChain | RUNE short-term bullish outlook confirmed 30% potentRUNE has been on a massive run lately. Most recently, Rune showed a golden cross, which is definition a bullish sign. I could see RUNE dipping a little lower to test the MA200 for support, but by then we should have enough rocket fuel to lead us towards $12. Keep in mind that we are in an area, that has proven to show lots of volume in the past few weeks. Once we break through the big white trend line around $12, I could see RUNE moving towards $18 and then ATH if the overall market conditions are good enough. My targets are in the chart. Let's see how this plays out. Thanks for your support. Have a good one.
Long
by PagaLui
RUNELooks like RUNE is heading towards 11.1 range, with a few stops along the way. Probably not the best entry point at the time of writing. I'll wait for RUNE to either break the high of April 14th, or it might try to retrace within the grey channel or go lower towards 8.6 or Support, then I'll be able to pick a better entry. Volume and general metrics are in a good place, but I'm avoiding entering in the grey channel. This is my Thesis, targets are purely hypothetical based on my analysis. This is NOT Investment and/or Trading Advice. Happy Trades! ❤️ If you enjoy my ideas, Please like/comment, it means a lot, Thank You! ❤️
by WhoIsWu
1
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 ------------------------------------------------------------------------------------------------------------------- 📊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/// -------------------------------------------------------------------------------------------------------------------- 👉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 🗯💭
by PRO_SMART_Trader
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. 🙏
Long
by luizhcruz
2
$RUNE - FSS Indicator gave you 2 chances to enter. "Don't short the Rune" is in vogue at the moment. Thor's chain has seen its bottom. If you disregard the following... -Bullish divergences -Complete corrective EW structures. (ABC running flat in this case) -Greatly reduced bear volume at the bottom ...you still had the solid Buy signals that the FSS Indicator (Floki's Secret Sauce) had printed on the 12H candle close. On Feb 28, you had an entry just above $4. On March 9th, you had a buy signal print after a red candle! That's a rare and very bullish sign. This signal had your entry at $4.89. Now on the TA side, we actually couldn't ignore the bullish divergences, the completed flat and the low bear volume. Within the bounce, we can count subwaves 1 & 2 for sure. With the 3 either almost done, or done heading into 4. Now with the guideline of wave alternation, I would expect RUNE to bounce above $6 in the case that wave 3 is actually done. Safe trading to all!
Long
by FlokiCrypto
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!!!🚀
Long
by CryptocurrencyMagnet
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?
Long
by amirsediq
9
RUNE (RUNEUSDT) mid to Daily tf Range Updated till 26-3-22RUNE (RUNEUSDT) Mid-tier to Daily timeframe range. if you look at it even with intermediate trader's prospective its a profitable coin. specially a asset thats moves a lot within its respected zones range is a profitable asset. it provided some decent midtier timeframe setups too and it had swing and position traders setups. it was possible by look at its volume it had some quality buyers for now. if retail interest keeps on it maybe it act same.
by cryptoforever1
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.
Long
by duff650
4