THORCHAIN - RUNE/USDT - 1H - Technical analysis published on 08/26/2021 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : LEVEL MAINTAINED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Strongly bearish
Technical indicators
17%
61%
22%
My opinion
Bearish under 9.89 USDT
My targets
9.10 USDT (-3.50%)
8.56 USDT (-9.23%)
My analysis
THORCHAIN - RUNE/USDT is part of a very strong bearish trend. Traders may consider trading only short positions (for sale) as long as the price remains well below 9.89 USDT. The next support located at 9.10 USDT is the next bearish objective to target. A bearish break of this support would revive the bearish momentum. The bearish movement could then continue towards the next support located at 8.56 USDT. Below this support, sellers could then target 8.03 USDT. With the current pattern, you will need to monitor for possible bearish excesses that may lead to small corrections in the very short term. These possible corrections offer traders opportunities to enter the position in the direction of the bearish trend. Trying to profit from the purchase of these possible corrections may seem risky.
In the very short term, the general bearish sentiment is confirmed by technical indicators. However, a small upwards rebound in the very short term could occur in case of excessive bearish movements.
Force
0
10
7.5
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Additional analysis
Quotes
THORCHAIN - RUNE/USDT rating 9.43 USDT. The price registered a decrease of -9.67% on the session with the lowest point at 9.30 USDT and the highest point at 10.75 USDT. The deviation from the price is +1.40% for the low point and -12.28% for the high point.9.30
10.75
9.43
The Central Gaps scanner detects a bullish opening marking the presence of buyers ahead of sellers at the opening but not sufficiently marked to allow the price to register a quotation gap.
Bullish opening
Type : Bullish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by THORCHAIN - RUNE/USDT:
Abnormal volumes
Timeframe : 50 days
Technical
Technical analysis of THORCHAIN - RUNE/USDT in 1H shows a overall strongly bearish trend. 92.86% of the signals given by moving averages are bearish. The overall trend is supported by the strong bearish signals from short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.
In fact, according to the parameters integrated into the Central Analyzer system, 11 technical indicators out of 18 analysed are currently bearish. Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : 1 hour
RSI indicator: bearish divergence
Type : Bearish
Timeframe : 1 hour
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : 1 hour
Pivot points : price is under support 1
Type : Neutral
Timeframe : 1 hour
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified these signals:
Near horizontal support
Type : Bullish
Timeframe : 1 hour
Support of channel is broken
Type : Bearish
Timeframe : 1 hour
The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 8.03 | 8.56 | 9.10 | 9.43 | 9.89 | 10.75 | 11.34 |
| Change (%) | -14.85% | -9.23% | -3.50% | - | +4.88% | +14.00% | +20.25% |
| Change | -1.40 | -0.87 | -0.33 | - | +0.46 | +1.32 | +1.91 |
| Level | Major | Minor | Minor | - | Intermediate | Minor | Minor |
To determine price objectives, it is also possible to use the pivot points. Here is the price position in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 8.82 | 9.30 | 9.87 | 10.35 | 10.92 | 11.40 | 11.97 |
| Camarilla | 10.15 | 10.25 | 10.34 | 10.44 | 10.54 | 10.63 | 10.73 |
| Woodie | 8.87 | 9.32 | 9.92 | 10.37 | 10.97 | 11.42 | 12.02 |
| Fibonacci | 9.30 | 9.70 | 9.95 | 10.35 | 10.75 | 11.00 | 11.40 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 4.91 | 6.35 | 8.83 | 10.27 | 12.75 | 14.19 | 16.67 |
| Camarilla | 10.22 | 10.58 | 10.94 | 11.30 | 11.66 | 12.02 | 12.38 |
| Woodie | 5.42 | 6.61 | 9.34 | 10.53 | 13.26 | 14.45 | 17.18 |
| Fibonacci | 6.35 | 7.85 | 8.78 | 10.27 | 11.77 | 12.70 | 14.19 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | -0.16 | 1.44 | 3.95 | 5.55 | 8.06 | 9.66 | 12.17 |
| Camarilla | 5.34 | 5.72 | 6.09 | 6.47 | 6.85 | 7.22 | 7.60 |
| Woodie | 0.31 | 1.67 | 4.42 | 5.78 | 8.53 | 9.89 | 12.64 |
| Fibonacci | 1.44 | 3.01 | 3.98 | 5.55 | 7.12 | 8.09 | 9.66 |
Numerical data
The following are the details of the technical indicators and moving averages that were collected to generate this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 31.11 | |
| MACD (12,26,9): | -0.2400 | |
| Directional Movement: | -21.91 | |
| AROON (14): | -50.00 | |
| DEMA (21): | 9.88 | |
| Parabolic SAR (0,02-0,02-0,2): | 10.54 | |
| Elder Ray (13): | -0.61 | |
| Super Trend (3,10): | 10.32 | |
| Zig ZAG (10): | 9.36 | |
| VORTEX (21): | 0.9000 | |
| Stochastique (14,3,5): | 2.98 | |
| TEMA (21): | 9.63 | |
| Williams %R (14): | -94.07 | |
| Chande Momentum Oscillator (20): | -0.98 | |
| Repulse (5,40,3): | -3.5600 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.2200 | |
| Courbe Coppock: | 13.51 |
| MA7: | 10.40 | |
| MA20: | 8.62 | |
| MA50: | 6.66 | |
| MA100: | 7.74 | |
| MAexp7: | 9.71 | |
| MAexp20: | 10.16 | |
| MAexp50: | 10.48 | |
| MAexp100: | 10.53 | |
| Price / MA7: | -9.33% | |
| Price / MA20: | +9.40% | |
| Price / MA50: | +41.59% | |
| Price / MA100: | +21.83% | |
| Price / MAexp7: | -2.88% | |
| Price / MAexp20: | -7.19% | |
| Price / MAexp50: | -10.02% | |
| Price / MAexp100: | -10.45% |
Quotes :
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Real time data
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Cryptocompare
This member declared not having a position on this financial instrument or a related financial instrument.
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