THORCHAIN - RUNE/USD - 1H - Technical analysis published on 05/18/2021 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Neutral
Underlying:
Bullish
Technical indicators
33%
33%
33%
My opinion
Bullish above 18.49 USD
My targets
20.00 USD (+4.00%)
20.94 USD (+8.89%)
My analysis
Has the basic bullish 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 bullish movement or a correction. Sellers' generally have the upper hand, even if a small correction (not tradeable) on the support located at 18.49 USD remains possible. It is advisable to trade THORCHAIN - RUNE/USD with the greatest caution, while favouring long positions (at the time of purchase) as long as the price remains well above 18.49 USD. The next bullish objective for buyers is set at 20.00 USD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 20.94 USD. PS: if there is a bearish break in the support located at 18.49 USD we suggest that you produce a new automated technical analysis. In fact, conditions should have changed. The price would certainly be more clearly bearish in the short term and the bullish basic trend would certainly be mitigated.
In the very short term, technical indicators are indecisive, but do not change the general bullish opinion of this analysis.
Force
0
10
2.5
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This analysis was given by Vincent Launay. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The THORCHAIN - RUNE/USD rating is 19.23 USD. On the day, this instrument gained +4.51% and was between 18.41 USD and 20.55 USD. This implies that the price is at +4.45% from its lowest and at -6.42% from its highest.18.41
20.55
19.23
The Central Gaps scanner detects a bullish opening. A small advantage for buyers in the very short term.
Bullish opening
Type : Bullish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by THORCHAIN - RUNE/USD:
Near a new HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
The Central Volumes scanner notes the presence of abnormal volumes:
Abnormal volumes
Timeframe : 5 days
Abnormal volumes
Timeframe : 20 days
Abnormal volumes
Timeframe : 50 days
Technical
A technical analysis in 1H of this THORCHAIN - RUNE/USD chart shows a bullish trend. 67.86% of the signals given by moving averages are bullish. 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 several bearish signals that could impact this trend:
Bearish trend reversal : Moving Average 50
Type : Bearish
Timeframe : 1 hour
Bearish trend reversal : adaptative moving average 20
Type : Bearish
Timeframe : 1 hour
An assessment of technical indicators does not currently provide any relevant information to suggest whether the signal given by the technical indicators is more bullish or bearish.
But beware of excesses. The Central Indicators scanner currently detects this:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : 1 hour
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
Williams %R indicator is back under -50
Type : Bearish
Timeframe : 1 hour
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified this signal:
Horizontal support 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 | 16.31 | 17.51 | 18.49 | 19.23 | 19.32 | 20.00 | 20.94 |
| Change (%) | -15.18% | -8.94% | -3.85% | - | +0.47% | +4.00% | +8.89% |
| Change | -2.92 | -1.72 | -0.74 | - | +0.09 | +0.77 | +1.71 |
| Level | Minor | Major | Minor | - | Major | Minor | Minor |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 11.57 | 13.57 | 15.99 | 17.99 | 20.41 | 22.41 | 24.83 |
| Camarilla | 17.19 | 17.59 | 18.00 | 18.40 | 18.81 | 19.21 | 19.62 |
| Woodie | 11.77 | 13.68 | 16.19 | 18.10 | 20.61 | 22.52 | 25.03 |
| Fibonacci | 13.57 | 15.26 | 16.31 | 17.99 | 19.68 | 20.73 | 22.41 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 11.59 | 13.68 | 15.62 | 17.71 | 19.65 | 21.74 | 23.68 |
| Camarilla | 16.45 | 16.82 | 17.19 | 17.56 | 17.93 | 18.30 | 18.67 |
| Woodie | 11.52 | 13.64 | 15.55 | 17.67 | 19.58 | 21.70 | 23.61 |
| Fibonacci | 13.68 | 15.22 | 16.17 | 17.71 | 19.25 | 20.20 | 21.74 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.88 | 4.40 | 9.89 | 13.41 | 18.90 | 22.42 | 27.91 |
| Camarilla | 12.91 | 13.74 | 14.56 | 15.39 | 16.22 | 17.04 | 17.87 |
| Woodie | 1.88 | 4.89 | 10.89 | 13.90 | 19.90 | 22.91 | 28.91 |
| Fibonacci | 4.40 | 7.84 | 9.97 | 13.41 | 16.85 | 18.98 | 22.42 |
Numerical data
The following is the status of technical indicators and moving averages registered at the time this technical analysis was created:
Technical indicators
Moving averages
| RSI (14): | 51.26 | |
| MACD (12,26,9): | 0.2700 | |
| Directional Movement: | -0.48 | |
| AROON (14): | 78.57 | |
| DEMA (21): | 19.79 | |
| Parabolic SAR (0,02-0,02-0,2): | 20.55 | |
| Elder Ray (13): | -0.36 | |
| Super Trend (3,10): | 18.35 | |
| Zig ZAG (10): | 19.33 | |
| VORTEX (21): | 1.1000 | |
| Stochastique (14,3,5): | 49.73 | |
| TEMA (21): | 19.85 | |
| Williams %R (14): | -73.06 | |
| Chande Momentum Oscillator (20): | 0.03 | |
| Repulse (5,40,3): | -4.5900 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | 0.2100 | |
| Courbe Coppock: | 11.75 |
| MA7: | 18.36 | |
| MA20: | 17.43 | |
| MA50: | 14.17 | |
| MA100: | 9.67 | |
| MAexp7: | 19.63 | |
| MAexp20: | 19.44 | |
| MAexp50: | 19.09 | |
| MAexp100: | 18.79 | |
| Price / MA7: | +4.74% | |
| Price / MA20: | +10.33% | |
| Price / MA50: | +35.71% | |
| Price / MA100: | +98.86% | |
| Price / MAexp7: | -2.09% | |
| Price / MAexp20: | -1.13% | |
| Price / MAexp50: | +0.68% | |
| Price / MAexp100: | +2.29% |
Quotes :
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Real time data
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This member declared not having a position on this financial instrument or a related financial instrument.
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