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Weekly forecast THORChain technical chart
Symbol RUNEUSD
Trade Setup

#RUNEUSD
Total Profit: -3237 point (-156%)
Closed trade(s): 0 point Profit
Open trade(s): -3237 point Profit

Trade Setup:
We opened 13 BUY trades @ 2.006 based on 'Valley' entry method at 2022-09-09.

Open Profit:
Profit for one BUY trade is 1.757(current price) - 2.006(open price) = -249 point (-12%)
13 trade(s) still open, therefore total profit for open trade(s) is -249 (-12%) x 13 = -3237 point (-156%)

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.

DateSeptember 18, 2022 - 10:49
Currentrange bound
Forecastbeginning of uptrend

Midterm forecast:

  • While the price is above the support 1.435, beginning of uptrend is expected.
  • We make sure when the resistance at 3.150 breaks.
  • If the support at 1.435 is broken, the short-term forecast -beginning of uptrend- will be invalid.

Technical analysis:

  • While the RSI downtrend #1 is not broken, bearish wave in price would continue.
  • While the RSI uptrend #2 is not broken, bullish wave in price would continue.
  • A trough is formed in daily chart at 1.665 on 09/15/2022, so more gains to resistance(s) 2.292, 2.600 and maximum to Major Resistance (3.150) 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 39.

Take Profits:

  1. 2.292
  2. 2.600
  3. 3.150
  4. 4.050
  5. 5.000
  6. 6.060
  7. 7.775
  8. 9.890
  9. 11.700
  10. 13.205
  11. 17.270
  12. 21.300
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