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Weekly forecast THORChain technical chart
Symbol RUNEUSD
Trade Setup

#RUNEUSDT
Total Profit: 44996 pip (1155%)
Closed trade(s): 44996 pip Profit (1155%)
Open trade(s): 0 pip Profit (0%)

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

Closed Profit:
TP1 @ 6.400 touched at 2021.07.30 with 2506 pip Profit (64%).
TP2 @ 8.440 touched at 2021.08.15 with 4546 pip Profit (117%).
TP3 @ 10.150 touched at 2021.08.21 with 6256 pip Profit (161%).
TP4 @ 11.850 touched at 2021.08.23 with 7956 pip Profit (204%).
TP5 @ 14.300 touched at 2021.10.30 with 10406 pip Profit (267%).
TP6 @ 17.220 touched at 2021.11.02 with 13326 pip Profit (342%).
2506 (64%) + 4546 (117%) + 6256 (161%) + 7956 (204%) + 10406 (267%) + 13326 (342%) = 44996 pip (1155%)

All 2 trades closed at entry price, therefore no profit no loss.

#RUNEUSDT
Total Profit: 3472 pip (64%)
Closed trade(s): 0 pip Profit (0%)
Open trade(s): 3472 pip Profit (64%)

Trade Setup:
We opened 8 BUY trade(s) @ 5.480 based on 'Valley' entry method at 2022.03.09.

Open Profit:
Profit for one trade is 5.914(current price) - 5.480(open price) = 434 pip (8%)
8 trade(s) still open, therefore total profit for open trade(s) is 434 (8%) x 8 = 3472 pip (64%)

#RUNEUSDT
Total Profit: 14668 pip (269%)
Closed trade(s): 920 pip Profit (17%)
Open trade(s): 13748 pip Profit (252%)

Trade Setup:
We opened 8 BUY trade(s) @ 5.480 based on 'Valley' entry method at 2022.03.09.

Closed Profit:
TP1 @ 6.400 touched at 2022.03.12 with 920 pip Profit (17%).

Open Profit:
Profit for one trade is 7.444(current price) - 5.480(open price) = 1964 pip (36%)
7 trade(s) still open, therefore total profit for open trade(s) is 1964 (36%) x 7 = 13748 pip (252%)

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.

DateMarch 12, 2022 - 08:52
Currentrange bound
Forecastbeginning of uptrend

Midterm forecast:

  • While the price is above the support 3.000, beginning of uptrend is expected.
  • We make sure when the resistance at 6.400 breaks.
  • If the support at 3.000 is broken, the short-term forecast -beginning of uptrend- will be invalid.

Technical analysis:

  • There is a divergence in RSI and price between the trough at 3.257 on 2022-01-24 and the trough at 3.0497991967872 on 2022-02-25, the probability of downtrend continuation is decreased and the probability of beginning of uptrend is increased.
  • A trough is formed in daily chart at 4.02 on 03/08/2022, so more gains maximum to Major Resistance (6.40) 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 64.

Take Profits:

  1. 6.40
  2. 8.44
  3. 10.15
  4. 11.85
  5. 14.30
  6. 17.22
  7. 21.30
Click on the level to view price action history.

Symbol Released Current Forecast
THORChain (RUNEUSD) new 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