THORCHAIN - RUNE/USDT - 1H - Technical analysis published on 08/17/2021 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
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Summary of the analysis
Trends
Short term:
Bullish
Underlying:
Strongly bullish
Technical indicators
44%
17%
39%
My opinion
Bullish above 8.77 USDT
My targets
9.32 USDT (+1.97%)
9.60 USDT (+5.03%)
My analysis
All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on THORCHAIN - RUNE/USDT as long as the price remains well above 8.77 USDT. The buyers' bullish objective is set at 9.32 USDT. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 9.60 USDT. If there is any crossing, the next objective would be the resistance located at 11.34 USDT. Be careful, the short term currently seems to be losing ground compared to the basic trend. Longer time units should be analysed to identify possible overbought items that could be a sign of a possible short-term correction.
Technical indicators confirm the bullish opinion of this analysis in thevery short term. However, be careful of excessive bullish movements. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
Force
0
10
5.9
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Additional analysis
Quotes
The THORCHAIN - RUNE/USDT rating is 9.14 USDT. The price has increased by +5.91% since the last closing with the lowest point at 8.21 USDT and the highest point at 9.74 USDT. The deviation from the price is +11.33% for the low point and -6.16% for the high point.8.21
9.74
9.14
A bullish opening was detected by the Central Gaps scanner. Buyers are trying to impose a bullish momentum in the very short term.
Bullish opening
Type : Bullish
Timeframe : Openning
So that you have an overall view of the price change, here is a table showing the variations over several periods:
Abnormal volumes
Timeframe : 20 days
Abnormal volumes
Timeframe : 50 days
Technical
Technical analysis of THORCHAIN - RUNE/USDT in 1H shows a strongly overall bullish trend. The signals given by moving averages are 85.71% bullish. This strongly bullish trend seems to be running out of steam given the signals being given by short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
An assessment of technical indicators shows a slightly bullish signal.
Central Indicators, the detector scanner for these technical indicators recently detected a signal:
Pivot points : price is over resistance 2
Type : Neutral
Timeframe : Weekly
An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows a result that can have an impact on the price change:
Horizontal resistance is broken
Type : Bullish
Timeframe : 1 hour
The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 8.01 | 8.51 | 8.77 | 9.14 | 9.32 | 9.60 | 11.34 |
| Change (%) | -12.36% | -6.89% | -4.05% | - | +1.97% | +5.03% | +24.07% |
| Change | -1.13 | -0.63 | -0.37 | - | +0.18 | +0.46 | +2.20 |
| Level | Major | Minor | Minor | - | Minor | Major | Minor |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 6.72 | 7.49 | 8.06 | 8.83 | 9.40 | 10.17 | 10.74 |
| Camarilla | 8.26 | 8.38 | 8.51 | 8.63 | 8.75 | 8.88 | 9.00 |
| Woodie | 6.62 | 7.44 | 7.96 | 8.78 | 9.30 | 10.12 | 10.64 |
| Fibonacci | 7.49 | 8.00 | 8.32 | 8.83 | 9.34 | 9.66 | 10.17 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 5.43 | 5.91 | 6.83 | 7.31 | 8.23 | 8.71 | 9.63 |
| Camarilla | 7.36 | 7.48 | 7.61 | 7.74 | 7.87 | 8.00 | 8.13 |
| Woodie | 5.64 | 6.02 | 7.04 | 7.42 | 8.44 | 8.82 | 9.84 |
| Fibonacci | 5.91 | 6.45 | 6.78 | 7.31 | 7.85 | 8.18 | 8.71 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | -0.89 | 1.07 | 3.77 | 5.73 | 8.43 | 10.39 | 13.09 |
| Camarilla | 5.19 | 5.62 | 6.04 | 6.47 | 6.90 | 7.32 | 7.75 |
| Woodie | -0.52 | 1.26 | 4.14 | 5.92 | 8.80 | 10.58 | 13.46 |
| Fibonacci | 1.07 | 2.85 | 3.95 | 5.73 | 7.51 | 8.61 | 10.39 |
Numerical data
The following is the status of the technical indicators and moving averages at the time of publication of this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 53.01 | |
| MACD (12,26,9): | 0.1300 | |
| Directional Movement: | 5.63 | |
| AROON (14): | 78.57 | |
| DEMA (21): | 9.32 | |
| Parabolic SAR (0,02-0,02-0,2): | 8.65 | |
| Elder Ray (13): | 0 | |
| Super Trend (3,10): | 8.74 | |
| Zig ZAG (10): | 9.16 | |
| VORTEX (21): | 1.0100 | |
| Stochastique (14,3,5): | 66.66 | |
| TEMA (21): | 9.33 | |
| Williams %R (14): | -38.30 | |
| Chande Momentum Oscillator (20): | 0.13 | |
| Repulse (5,40,3): | -3.3700 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | 0.1900 | |
| Courbe Coppock: | 12.43 |
| MA7: | 7.86 | |
| MA20: | 7.28 | |
| MA50: | 6.04 | |
| MA100: | 8.49 | |
| MAexp7: | 9.26 | |
| MAexp20: | 9.15 | |
| MAexp50: | 8.86 | |
| MAexp100: | 8.43 | |
| Price / MA7: | +16.28% | |
| Price / MA20: | +25.55% | |
| Price / MA50: | +51.32% | |
| Price / MA100: | +7.66% | |
| Price / MAexp7: | -1.30% | |
| Price / MAexp20: | -0.11% | |
| Price / MAexp50: | +3.16% | |
| Price / MAexp100: | +8.42% |
Quotes :
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Real time data
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Cryptocompare
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