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Weekly forecast THORChain technical chart
Symbol RUNEUSD
Trade Setup

#RUNEUSDT
Total Profit: 26520 pip (684%)
Closed trade(s): 11324 pip Profit (292%)
Open trade(s): 15196 pip Profit (392%)

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 7.693(current price) - 3.894(open price) = 3799 pip (98%)
4 trade(s) still open, therefore total profit for open trade(s) is 3799 (98%) x 4 = 15196 pip (392%)

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 6.800 is broken, we will close open trades.

DateSeptember 25, 2021 - 12:26
Currentrange bound
Forecastbeginning of uptrend

Midterm forecast:

  • While the price is above the support 6.800, beginning of uptrend is expected.
  • We make sure when the resistance at 12.480 breaks.
  • If the support at 6.800 is broken, the short-term forecast -beginning of uptrend- will be invalid.
  • We will close our open trades, if the Midterm level 6.800 is broken.

Technical analysis:

  • A trough is formed in daily chart at 6.47 on 09/21/2021, so more gains to resistance(s) 8.40, 9.30, 10.00 and maximum to Major Resistance (12.48) is expected.
  • Price is below WEMA21, if price rises more, this line can act as dynamic resistance against more gains.
  • Relative strength index (RSI) is 44.

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