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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.
DateMarch 25, 2023 - 12:54
Currentrange bound
Forecastcontinuation of downtrend

Midterm forecast:

  • While the price is below the resistance 1.970, continuation of downtrend is expected.
  • We make sure when the support at 1.005 breaks.
  • If the resistance at 1.970 is broken, the short-term forecast -continuation of downtrend- will be invalid.

Technical analysis:

  • The RSI downtrend #1 is broken, so the probability of continuation of downtrend is decreased.
  • A peak is formed in daily chart at 1.535 on 03/14/2023, so more losses to support(s) 1.250 and minimum to Major Support (1.005) 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 45.
Symbol Released Current Forecast
THORChain (RUNEUSD) 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.