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Thorchain

RUNE 12h Project Overview and Long-Term Purchase LevelsTHORChain (RUNE) is a decentralized liquidity protocol or, more simply, Defi exchange. Quite a young project since 2019, but the launch of the main network took place in early 2021. The cost of the RUNE token should be based on the price of $0.90-1 , exactly this price was before the launch of the main network. And then the RUNEUSDT trading pair grew rapidly to $21 The May correction in the crypto market also affected the value of RUNE, falling by 80% . A lot, but all cryptocurrencies have gone through this. Another question is that not all crypto projects survived after this. The picture on the RUNEUSDT chart looks pretty positive. During the entire fall, increased volumes were observed, there are investors who are ready to buy at a lower price. Given these facts, it is hard to believe that the RUNEUSD price will drop below $4 in the near future, we more believe in a rebound to $8.5 The planned for Q3 2021 mainnet update (DEX cross-chain / ASGARDEX wallet) also adds a positive impact. However, it is worth keeping in mind an alternative scenario , if the entire crypto market goes significantly lower, then the RUNEUSD price will not hold either. Below $4 per RUNE will open the way for a fall to $1.60. _______________________________ Since 2016 , we have been analyzing and trading the cryptocurrency market. We transform our knowledge, trading moods and experience into ideas. Each "like under the idea" boosts the level of our happiness by 0.05% . If we help you to be calmer and richer - help us to be happier :)
by P_S_trade
31
🆓THORChain (RUNE) June-24 #RUNE $RUNERUNE is having a strong recovery and is heading towards the $9 and $12 zones. 📈BUY 🔴Buy : 5.85-6.15$ if A 🔴Buy : 4.85-5.15$. SL if B 📉SELL 🔴Sell : 8.8-9.2$. SL if B 🔴Sell : 11.7-12.3$. SL if B ♻️BACK-UP 🔵Sell : 4.85-5.15$ if B. SL if A 🔵Buy : 3.4-3.6$ if A. SL if B ❓Details 🕯Timeframe : 1 Day 📈Red Arrow : Main Direction as BUY and 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 🅰️A : The Close price of candlestick is Above the zone 🅱️B : The Close price of candlestick is Below the zone
Long
by CryptoStation
2
🆓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
Long
by CryptoStation
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