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Weekly forecast THORChain technical chart
Symbol RUNEUSD

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Trade Setup

#RUNEUSDT
Total Profit: 35712 pip (920%)
Closed trade(s): 11324 pip Profit (292%)
Open trade(s): 24388 pip Profit (628%)

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

Closed Profit:
TP1 @ 4.550 touched at 2021.07.28 with 656 pip Profit (17%).
TP2 @ 5.550 touched at 2021.07.29 with 1656 pip Profit (43%).
TP3 @ 6.800 touched at 2021.08.02 with 2906 pip Profit (75%).
TP4 @ 10.000 touched at 2021.08.21 with 6106 pip Profit (157%).
656 (17%) + 1656 (43%) + 2906 (75%) + 6106 (157%) = 11324 pip (292%)

Open Profit:
Profit for one trade is 9.991(current price) - 3.894(open price) = 6097 pip (157%)
4 trade(s) still open, therefore total profit for open trade(s) is 6097 (157%) x 4 = 24388 pip (628%)

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.
  • If the Midterm level 5.550 is broken, we will close open trades.

DateAugust 28, 2021 - 15:52
Currentuptrend
Forecastcontinuation of uptrend

Midterm forecast:

  • 5.550 is a major support, while this level is not broken, the Midterm wave will be uptrend.
  • We will close our open trades, if the Midterm level 5.550 is broken.

Technical analysis:

  • A peak is formed in daily chart at 12.48 on 08/23/2021, so more losses to support(s) 9.30, 8.40, 6.80 and minimum to Major Support (5.55) 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 58.

Take Profits:

  1. 4.55
  2. 5.55
  3. 6.80
  4. 10.00
  5. 14.30
  6. 16.65
  7. 21.30
Click on the level to view price action history.

Symbol Released Current Forecast
THORChain (RUNEUSD) Fri, 22 Mar 2024
THORChain (RUNEUSD) Mon, 18 Mar 2024
THORChain (RUNEUSD) Sun, 10 Mar 2024
THORChain (RUNEUSD) Mon, 4 Mar 2024
THORChain (RUNEUSD) Sun, 25 Feb 2024