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Weekly forecast THORChain technical chart
Symbol RUNEUSD

Download MT4 template file

Trade Setup

#RUNEUSDT
Total Profit: 23543 pip (603%)
Closed trade(s): 5188 pip Profit (133%)
Open trade(s): 18355 pip Profit (470%)

Trade Setup:
We opened 8 BUY trade(s) @ 3.894 based on 'Valley' entry method at 2021.07.26.

Closed Profit:
TP1 @ 4.545 touched at 2021.07.28 with 651 pip Profit (17%).
TP2 @ 5.530 touched at 2021.07.29 with 1636 pip Profit (42%).
TP3 @ 6.795 touched at 2021.08.02 with 2901 pip Profit (74%).
651 (17%) + 1636 (42%) + 2901 (74%) = 5188 pip (133%)

Open Profit:
Profit for one trade is 7.565(current price) - 3.894(open price) = 3671 pip (94%)
5 trade(s) still open, therefore total profit for open trade(s) is 3671 (94%) x 5 = 18355 pip (470%)

Trading suggestion:

  • We have already opened Buy trades, based on Trend Hunter Strategy, trade setup is drawn on the chart and shows entry and targets.
DateAugust 14, 2021 - 16:39
Currentuptrend
Forecastcontinuation of uptrend

Midterm forecast:

  • 3.000 is a major support, while this level is not broken, the Midterm wave will be uptrend.

Technical analysis:

  • A peak is formed in daily chart at 8.40 on 08/05/2021, so more losses to support(s) 6.80, 5.53, 4.55 and minimum to Major Support (3.00) is expected.
  • Price is above WEMA21, if price drops more, this line can act as dynamic support against more losses.
  • Relative strength index (RSI) is 60.

Take Profits:

  1. 4.55
  2. 5.53
  3. 6.80
  4. 10.00
  5. 14.28
  6. 16.63
  7. 21.29
Click on the level to view price action history.
Symbol Released Current Forecast
THORChain (RUNEUSD) Tue, 16 Apr 2024
THORChain (RUNEUSD) Sat, 6 Apr 2024
THORChain (RUNEUSD) Fri, 22 Mar 2024
THORChain (RUNEUSD) Mon, 18 Mar 2024
THORChain (RUNEUSD) Sun, 10 Mar 2024
History
Daily-Trading-Opportunities on RUNEUSD.