THORCHAIN - RUNE/USDT - 1H - Technical analysis published on 08/27/2021 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Neutral
Underlying:
Bearish
Technical indicators
39%
17%
44%
My opinion
Bearish under 10.27 USDT
My targets
9.46 USDT (-4.35%)
8.88 USDT (-10.21%)
My analysis
Has the basic bearish trend slowed or is it lacking in power? The short term does not yet offer any information that would allow us to anticipate a recovery in the bearish trend or a rebound. Sellers' generally have the upper hand, even if a small correction (not tradeable) on the resistance located at 10.27 USDT remains possible. It is advisable to trade THORCHAIN - RUNE/USDT with the greatest caution, while favouring short positions (for sale) as long as the price remains well below 10.27 USDT. The next bearish objective for sellers is set at 9.46 USDT. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 8.88 USDT. In case of crossing, the next objective would be the support located at 8.47 USDT. PS: if there is a bullish break in the resistance located at 10.27 USDT we suggest that you produce a new automated technical analysis. In fact, conditions should have changed. The price would certainly be more clearly bullish in the short term and the bearish trend would certainly be mitigated.
Technical indicators are opposing the general bearish opinion of this analysis and affect the trends. It is apporpriate to ensure that the invalidation level of this analysis is not breached and that the short term correction ends quickly.
Force
0
10
1.8
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Additional analysis
Quotes
The THORCHAIN - RUNE/USDT price is 9.89 USDT. The price has increased by +4.22% since the last closing and was traded between 9.26 USDT and 10.10 USDT over the period. The price is currently at +6.80% from its lowest and -2.08% from its highest.9.26
10.10
9.89
A bearish opening was detected by the Central Gaps scanner. Sellers are trying to impose a bearish trend in the very short term.
Bearish opening
Type : Bearish
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 : 50 days
Technical
Technical analysis of THORCHAIN - RUNE/USDT in 1H shows an overall bearish trend. 71.43% of the signals given by moving averages are bearish. Caution: the neutral signals currently given by short-term moving averages show us that the global trend is losing momentum. The Central Indicators market scanner is currently detecting a bearish signal that could impact this trend:
Bearish price crossover with adaptative moving average 20
Type : Bearish
Timeframe : 1 hour
In fact, only 7 technical indicators out of 18 studied are currently positioned bullish. Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : 1 hour
Previous candle closed over Bollinger bands
Type : Neutral
Timeframe : 1 hour
RSI indicator: bearish divergence
Type : Bearish
Timeframe : 1 hour
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows several results that can have an impact on the price change:
Near horizontal support
Type : Bullish
Timeframe : 1 hour
Support of channel is broken
Type : Bearish
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 | 8.88 | 9.46 | 9.89 | 9.89 | 11.34 | 11.71 | 12.47 |
| Change (%) | -10.21% | -4.35% | 0% | - | +14.66% | +18.40% | +26.09% |
| Change | -1.01 | -0.43 | 0 | - | +1.45 | +1.82 | +2.58 |
| Level | Minor | Minor | Intermediate | - | Minor | Intermediate | Minor |
Pivot points can also be used to set your price objectives. Here is the price situation 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 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): | 47.87 | |
| MACD (12,26,9): | -0.0800 | |
| Directional Movement: | -6.76 | |
| AROON (14): | 50.00 | |
| DEMA (21): | 9.55 | |
| Parabolic SAR (0,02-0,02-0,2): | 9.28 | |
| Elder Ray (13): | 0.09 | |
| Super Trend (3,10): | 10.25 | |
| Zig ZAG (10): | 9.65 | |
| VORTEX (21): | 1.0200 | |
| Stochastique (14,3,5): | 67.32 | |
| TEMA (21): | 9.64 | |
| Williams %R (14): | -55.53 | |
| Chande Momentum Oscillator (20): | 0.15 | |
| Repulse (5,40,3): | -2.4800 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.2300 | |
| Courbe Coppock: | 2.95 |
| MA7: | 10.46 | |
| MA20: | 8.74 | |
| MA50: | 6.73 | |
| MA100: | 7.72 | |
| MAexp7: | 9.68 | |
| MAexp20: | 9.70 | |
| MAexp50: | 9.96 | |
| MAexp100: | 10.22 | |
| Price / MA7: | -5.45% | |
| Price / MA20: | +13.16% | |
| Price / MA50: | +46.95% | |
| Price / MA100: | +28.11% | |
| Price / MAexp7: | +2.17% | |
| Price / MAexp20: | +1.96% | |
| Price / MAexp50: | -0.70% | |
| Price / MAexp100: | -3.23% |
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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