THORChain (RUNE) with bull flag breakout and room to grow on RSI.
Furthermore we got a nice bullish divergence even visible on the daily chart.
A break of $14.61 (FIB 78.6%) and the bull party can start.
What do you think?
Drop me a nice comment if you'd like me to analyze any other cryptocurrency or do another comparison.
*not financial advice
do your own...
THORChain RUNE in healthy correction after bearish divergence on RSI.
This correction started at FIB golden pocket ($12.13-$12.60) as I proposed 2 weeks ago.
A correction to volume support at $6.37 would be healthy and not concerning for Bulls.
What do you think?
Drop me a nice comment if you'd like me to analyze any other cryptocurrency or do another...
RUNE 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.
Looks 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...
This idea presents Long opportunity for RUNE... which is quite solid project, and form quite different structure from other " S "-coins. :D
In my opinion we are actually forming wave (v) of C or 3 down. so Im waiting for LONG signal on 4H RSI which is currently Konverging.
My Buy zone will be area 5.2 to 3.8 USD.
Sell zone is 6.5 to 7.5 USD....
in my previews article published on April 4TH 2022 i highlighted possible bullish and bearish scenario, pinpointing a double top that can send the price below the ascending channel
As fate may have it the double top pushed the market downward from 6.870 to 6.712 as when writing this article.
As RUNE is flipping bearish, these are things am taking into...
$RUNE dropped to support zone between 0.5 and 0.618 fib levels of last swing high.
🐮 if bulls success to close the weekly candle above descending trend line, price can head up to $26 and $31 to complete double bottom pattern.
RUNE is breaking the downtrend and as it usually brought the price to good moves up, I'm entering the trade for a 10% (almost), if I see a good 4h close with good momentum and volume
let me know what you think about this
Charted 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...
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///...
Looking good, adding some labels for better explanation. Being a RE-accumulation after the fomo/hype sell off top, the labels begin with typical distribution labels. IF all goes well, volume will drop off as the price set's a last point of support, we should then see a sign of strength leaving the range, most likely a back up to creek edge, and then a...
Technical analysis regarding the price of THORChain in relation of dollar Tether for the next scenarios, based on daily movement.
*** 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...
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...