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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.

DateJune 11, 2022 - 16:15
Currentrange bound
Forecastbeginning of uptrend

Midterm forecast:

  • While the price is above the support 2.358, beginning of uptrend is expected.
  • We make sure when the resistance at 13.205 breaks.
  • If the support at 2.358 is broken, the short-term forecast -beginning of uptrend- will be invalid.

Technical analysis:

  • While the RSI uptrend #1 is not broken, bullish wave in price would continue.
  • A peak is formed in daily chart at 3.500 on 05/31/2022, so more losses minimum to Major Support (2.358) 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 37.

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