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. ***
Thorchainusd
RUNE/BTC AnalysisRUNE or ThorChain is one of new coin listedd on Binance and already got pumped before listing .
Some of profit sales were made but still thinking of more profit sales mihgt come soon .
it's price just got pumpet and hits 55k sats and returned fro the resistance.
Considering it's prie just rised up over %22
It's already pumped coin and it's price is likely to fall to 48,5k sats and if 48k sats support breaks,
its next target will be 43k sats .
Good luck and enjoy your day.
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