THORCHAIN - RUNE/USDT

- USDT (-)

- Real time data - CoinMarketCap

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Type:	Cryptocurrencies
Ticker:	RUNEUSDT
ISIN:

THORCHAIN - RUNE/USDT - Daily - Technical analysis published on 08/27/2021 (GMT)

Londinia

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Timeframe : Daily
- Analysis generated on
Status : TARGET REACHED

Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Bullish

Technical indicators

61%

11%

28%

My opinion

Bullish above 9.15 USDT

My targets

11.34 USDT (+14.43%)

11.54 USDT (+16.45%)

My analysis

THORCHAIN - RUNE/USDT is part of a very strong bullish trend. Traders may consider trading only long positions (at the time of purchase) as long as the price remains well above 9.15 USDT. The next resistance located at 11.34 USDT is the next bullish target to be reached. A bullish break in this resistance would boost the bullish momentum. The bullish movement could then continue towards the next resistance located at 11.54 USDT. After this resistance, buyers could then target 14.10 USDT.

In the very short term, the general bullish sentiment is confirmed by technical indicators. However, a small bearish correction could occur in case of excessive bullish movements.

Force

5.9

Comment on the analysis

Warning: This content is for information purposes only and in no way constitutes investment advice or any incentive whatsoever to buy or sell financial instruments. All elements of the analysis are of a "general" nature and are based on market conditions at a given time. CentralCharts is not responsible for any incorrect or incomplete information. Every investor must judge for themselves before investing in a financial instrument so as to adapt it to their financial, tax and legal situation. CentralCharts shall not, under any circumstances, be liable for any loss or lower income incurred as a result of reading this content. Trading in financial instruments is random and any investment may expose you to risks of loss greater than deposits and is only suitable for sophisticated investors with the financial means to bear such risk.

This analysis was given by finacian. Take part yourself by sharing additional analysis on another time unit:

Additional analysis

Quotes

The THORCHAIN - RUNE/USDT rating is 9.91 USDT. The price has increased by +4.43% since the last closing with the lowest point at 9.26 USDT and the highest point at 10.10 USDT. The deviation from the price is +7.02% for the low point and -1.88% for the high point.

9.26

10.10

9.91

The Central Gaps scanner detects a bearish opening marking the presence of sellers ahead of buyers at the opening but not sufficiently marked to allow the price to register a quotation gap.

Bearish opening

Type : Bearish

Timeframe : Openning

A study of price movements over other periods shows the following variations:

Abnormal volumes on THORCHAIN - RUNE/USDT were detected by the Central Volumes scanner:

Abnormal volumes

Timeframe : 50 days

Technical

Technical analysis of this Daily chart of THORCHAIN - RUNE/USDT indicates that the overall trend is bullish. 75.00% of the signals given by moving averages are bullish. The overall trend is reinforced by the strong bullish signals from short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.

The technical indicators are bullish. There is still some doubt about the price increase.
Central Indicators, the detector scanner for these technical indicators has recently detected several signals:

Price is back over the pivot point

Type : Bullish

Timeframe : Weekly

Price is back under the pivot point

Type : Bearish

Timeframe : Daily

Williams %R indicator is back under -50

Type : Bearish

Timeframe : Daily

Central Patterns, the market scanner focusing on chart patterns, resistances and supports found this result:

Resistance of channel is broken

Type : Bullish

Timeframe : Daily

Central Candlesticks, the scanner specialised in Japanese candlesticks, detects a bearish signal that could support the hypothesis of a small drop in the very short term:

Bearish engulfing lines

Type : Bearish

Timeframe : Daily

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	5.24	8.03	9.89	9.91	11.34	14.10	16.56
Change (%)	-47.12%	-18.97%	-0.20%	-	+14.43%	+42.28%	+67.10%
Change	-4.67	-1.88	-0.02	-	+1.43	+4.19	+6.65
Level	Minor	Major	Intermediate	-	Minor	Minor	Intermediate

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	7.38	8.30	8.90	9.82	10.42	11.34	11.94
Camarilla	9.07	9.21	9.35	9.49	9.63	9.77	9.91
Woodie	7.21	8.22	8.73	9.74	10.25	11.26	11.77
Fibonacci	8.30	8.88	9.24	9.82	10.40	10.76	11.34

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	0.35	1.69	4.08	5.42	7.81	9.15	11.54
Camarilla	5.44	5.79	6.13	6.47	6.81	7.15	7.50
Woodie	0.88	1.95	4.61	5.68	8.34	9.41	12.07
Fibonacci	1.69	3.12	4.00	5.42	6.85	7.73	9.15

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):	57.69
MACD (12,26,9):	1.0000
Directional Movement:	15.07
AROON (14):	71.43
DEMA (21):	10.28
Parabolic SAR (0,02-0,02-0,2):	9.23
Elder Ray (13):	0.18
Super Trend (3,10):	7.82
Zig ZAG (10):	9.63
VORTEX (21):	1.0600
Stochastique (14,3,5):	54.06
TEMA (21):	10.75
Williams %R (14):	-52.55
Chande Momentum Oscillator (20):	1.21
Repulse (5,40,3):	-10.5700
ROCnROLL:	1
TRIX (15,9):	2.1200
Courbe Coppock:	76.83

MA7:	10.46
MA20:	8.74
MA50:	6.73
MA100:	7.72
MAexp7:	9.90
MAexp20:	9.00
MAexp50:	7.90
MAexp100:	7.98
Price / MA7:	-5.26%
Price / MA20:	+13.39%
Price / MA50:	+47.25%
Price / MA100:	+28.37%
Price / MAexp7:	+0.10%
Price / MAexp20:	+10.11%
Price / MAexp50:	+25.44%
Price / MAexp100:	+24.19%

Quotes : - Real time data - Cryptocompare

This member declared not having a position on this financial instrument or a related financial instrument.

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