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Weekly forecast THORChain technical chart
Symbol RUNEUSD

Trading suggestion:

There is possibility of temporary retracement to suggested Trend Hunter Buy Zone (1.005 to 0.905). We wait during the retracement, until the price tests the zone, whether approaching, touching or entering the zone.

We would set buy orders based on Daily-Trading-Opportunities and expect to reach short-term targets.

  • Beginning of entry zone (1.005)
  • Ending of entry zone (0.905)

DateNovember 26, 2023 - 16:06
Currentuptrend
Forecastcontinuation of uptrend

Midterm forecast:

  • 3.150 is a major support, while this level is not broken, the Midterm wave will be uptrend.

Technical analysis:

  • A peak is formed in daily chart at 6.680 on 11/16/2023, so more losses to support(s) 5.225, 3.823 and minimum to Major Support (3.150) 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. 1.110
  2. 1.190
  3. 1.290
  4. 1.495
  5. 1.710
  6. 1.970
  7. 2.530
  8. 3.150
  9. 5.225
  10. 7.775
  11. 9.890
  12. 13.205
  13. 17.270
  14. 21.300
Click on the level to view price action history.

Symbol Released Current Forecast
THORChain (RUNEUSD) new Mon, 19 Feb 2024
THORChain (RUNEUSD) Fri, 9 Feb 2024
THORChain (RUNEUSD) free Sun, 4 Feb 2024
THORChain (RUNEUSD) Sun, 31 Dec 2023
THORChain (RUNEUSD) Sun, 24 Dec 2023