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THORCHAIN - RUNE/USDT
THORCHAIN - RUNE/USDT
- USDT (-)
- Real time data - CoinMarketCap
Open: -
Change: -
Volume: -
Low: -
High: -
High / Low range: -
Type: Cryptocurrencies
Ticker: RUNEUSDT
ISIN:

THORCHAIN - RUNE/USDT - 1H - Technical analysis published on 08/25/2021 (GMT)

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  • Timeframe : 1H
  • - Analysis generated on
  • Status : TARGET REACHED

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Summary of the analysis

Trends
Short term: Bearish
Underlying: Slightly bearish
Technical indicators
39%
22%
39%
My opinion
Bearish under 11.34 USDT
My targets
10.67 USDT (-0.74%)
10.10 USDT (-6.05%)
My analysis
The basic trend is currently slightly bearish on THORCHAIN - RUNE/USDT and the short term does not seem to show any sign of improvement. Sellers are struggling to get their hands on this instrument. However, as long as the price remains below 11.34 USDT, sales could be favoured. The first bearish objective would be located at 10.67 USDT. Sellers would then use the next support located at 10.10 USDT as an objective. Crossing it would then enable sellers to target 9.49 USDT. A return to above the resistance at 11.34 USDT could jeopardize this fragile bearish trend. Indecision would then be total and in this case you could keep away.

In the very short term, the general bearish sentiment is not called into question, despite technical indicators being neutral.
Force
0
10
1.3

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.

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

Additional analysis

Quotes

THORCHAIN - RUNE/USDT rating 10.75 USDT. On the day, this instrument gained +3.66% and was between 10.32 USDT and 10.83 USDT. This implies that the price is at +4.17% from its lowest and at -0.74% from its highest.

10.32
10.83
10.75

A bearish opening was detected by the Central Gaps scanner. Sellers are trying to impose a bearish trend in the very short term.

Central Gaps

Bearish opening

Type : Bearish

Timeframe : Openning



A study of price movements over other periods shows the following variations:
The Central Volumes scanner notes the presence of abnormal volumes:

Central Volumes

Abnormal volumes

Timeframe : 50 days

Technical


A technical analysis in 1H of this THORCHAIN - RUNE/USDT chart shows a slightly bearish trend. 50.00% of the signals given by moving averages are bearish. The overall trend remains fragile, reflecting the slightly bearish signals given by short-term moving averages. The Central Indicators market scanner is currently detecting a bullish signal that could impact this trend:

Central Indicators

Bullish price crossover with Moving Average 20

Type : Bullish

Timeframe : 1 hour



On the 18 technical indicators analysed, 7 are bullish, 7 are neutral and 4 are bearish. But beware of excesses. The Central Indicators scanner currently detects this:

Central Indicators

MACD indicator: bullish divergence

Type : Bullish

Timeframe : 1 hour


RSI indicator: bearish divergence

Type : Bearish

Timeframe : 1 hour

Other results related to technical indicators were also found by the Central Indicators scanner:

Central Indicators

MACD crosses UP its Moving Average

Type : Bullish

Timeframe : 1 hour


Parabolic SAR indicator bullish reversal

Type : Bullish

Timeframe : 1 hour


Price is back over the pivot point

Type : Bullish

Timeframe : Weekly


Momentum indicator is back over 0

Type : Bullish

Timeframe : 1 hour


Williams %R indicator is back over -50

Type : Bullish

Timeframe : 1 hour



The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified this signal:

Central Patterns

Near horizontal support

Type : Bullish

Timeframe : 1 hour



The presence of a bullish Japanese candlestick pattern detected by Central Candlesticks that could cause a very short term rebound was also detected:

Central Candlesticks

Bullish engulfing lines

Type : Bullish

Timeframe : 1 hour




ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 9.49 10.10 10.67 10.75 11.34 11.71 12.47
Change (%) -11.72% -6.05% -0.74% - +5.49% +8.93% +16.00%
Change -1.26 -0.65 -0.08 - +0.59 +0.96 +1.72
Level Minor Intermediate Minor - Intermediate Major Intermediate



Attention could also be paid to pivot points to set price objectives:

Daily
Pivot points S3 S2 S1 PP R1 R2 R3
Standard8.119.229.7910.9011.4712.5813.15
Camarilla9.9110.0610.2210.3710.5210.6810.83
Woodie7.859.099.5310.7711.2112.4512.89
Fibonacci9.229.8610.2610.9011.5411.9412.58


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard4.916.358.8310.2712.7514.1916.67
Camarilla10.2210.5810.9411.3011.6612.0212.38
Woodie5.426.619.3410.5313.2614.4517.18
Fibonacci6.357.858.7810.2711.7712.7014.19


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard-0.891.073.775.738.4310.3913.09
Camarilla5.195.626.046.476.907.327.75
Woodie-0.521.264.145.928.8010.5813.46
Fibonacci1.072.853.955.737.518.6110.39

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): 47.06
MACD (12,26,9): -0.1800
Directional Movement: -4.81
AROON (14): -85.71
DEMA (21): 10.53
Parabolic SAR (0,02-0,02-0,2): 10.32
Elder Ray (13): 0.06
Super Trend (3,10): 11.39
Zig ZAG (10): 10.67
VORTEX (21): 0.8800
Stochastique (14,3,5): 43.01
TEMA (21): 10.44
Williams %R (14): -44.44
Chande Momentum Oscillator (20): -0.09
Repulse (5,40,3): -0.1700
ROCnROLL: 2
TRIX (15,9): -0.2900
Courbe Coppock: 6.00
MA7: 10.36
MA20: 8.55
MA50: 6.62
MA100: 7.85
MAexp7: 10.64
MAexp20: 10.79
MAexp50: 10.96
MAexp100: 10.72
Price / MA7: +3.76%
Price / MA20: +25.73%
Price / MA50: +62.39%
Price / MA100: +36.94%
Price / MAexp7: +1.03%
Price / MAexp20: -0.37%
Price / MAexp50: -1.92%
Price / MAexp100: +0.28%

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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Londinia
Londinia AI

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