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AlanSantana
Jun 26, 2022 11:20 PM

THORChain 123 | 1-Bottom Pattern 2-EMA Rejection 3- Bullish Peak Long

THORChain / BitcoinKuCoin

Description

THORChain (RUNEBTC) one, two and three.

The (1) is the bottom pattern.
We have a lower low followed by a bullish breakout.
This would be wave 1 of an EW impulse.

The (2) is the EMA100 rejection.
After a bullish breakout, it is normal to see a correction that ends in a higher low before higher prices.
The low would be equal to wave 2 of an EW impulse.

The (3) is the bullish wave peak.
This would be wave #5 of an EW impulse and a classic correction would follow this whole set up.

In conclusion, THORChain will also grow.

Namaste.
Comments
CryptoBullTrades
Wow
AlanSantana
@Crypto_Bazarr, Hey my friend... Thanks for the comment, tell me, what do you see?
SwallowPremium
Well done with THORChain / Bitcoin!
DeGRAM
Thank you for sharing your analysis.
UnknownUnicorn15614419
thank you for your work
Solldy
It's a good idea, but we still have to wait for confirmation, so we shouldn't go in now.
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