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Weekly forecast THORChain technical chart
Symbol RUNEUSD

Trading suggestion:

  • By appearing primary signs of entering the market, new entry zone and short-term targets would be published.
DateJanuary 8, 2023 - 17:05
Currentdowntrend
Forecastcontinuation of downtrend

Midterm forecast:

  • 1.495 is a major resistance, while this level is not broken, the Midterm wave will be downtrend.

Technical analysis:

  • While the RSI resistance #1 at 62 is not broken, the probability of price increase would be too low.
  • While the RSI uptrend #2 is not broken, bullish wave in price would continue.
  • A trough is formed in daily chart at 1.250 on 12/30/2022, so more gains maximum to Major Resistance (1.495) 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 53.
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
History
Daily-Trading-Opportunities on RUNEUSD.