THORCHAIN - RUNE/USDT

- USDT (-)

- Real time data - Cryptocompare

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Type:	Cryptocurrencies
Ticker:	RUNEUSDT
ISIN:

THORCHAIN - RUNE/USDT - Daily - Technical analysis published on 12/11/2021 (GMT)

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Timeframe : Daily
- Analysis generated on
Status : TARGET REACHED

Summary of the analysis

Trends

Short term: Strongly bearish

Underlying: Strongly bearish

Technical indicators

22%

56%

22%

My opinion

Bearish under 7.93 USDT

My targets

6.53 USDT (-5.77%)

5.32 USDT (-23.23%)

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 7.93 USDT. The next support located at 6.53 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 5.32 USDT. Below this support, sellers could then target 3.48 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.

Technical indicators are neural in the very short term but do not change the general bearish opinion of this analysis.

Force

6.4

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.

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Additional analysis

Quotes

The THORCHAIN - RUNE/USDT price is 6.93 USDT. The price has increased by +5.80% since the last closing with the lowest point at 6.40 USDT and the highest point at 6.93 USDT. The deviation from the price is +8.28% for the low point and 0% for the high point.

6.40

6.93

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

Here is a more detailed summary of the historical variations registered by THORCHAIN - RUNE/USDT:

The study of the highest / lowest by the Central Records scanner shows the following result:

New LOW record (1 month)

Type : Bearish

Timeframe : Weekly

Technical

A technical analysis in Daily of this THORCHAIN - RUNE/USDT chart shows a sharp bearish trend. 85.71% of the signals given by moving averages are bearish. This strongly bearish trend is supported by the strong bearish signals given by short-term moving averages. The Central Indicators scanner detects a bearish signal on moving averages that could impact this trend:

Moving Average bearish crossovers : AMA20 & AMA50

Type : Bearish

Timeframe : Daily

On the 18 technical indicators analysed, 4 are bullish, 4 are neutral and 10 are bearish. But beware of excesses. The Central Indicators scanner currently detects this:

CCI indicator is oversold : under -100

Type : Neutral

Timeframe : Daily

Williams %R indicator is oversold : under -80

Type : Neutral

Timeframe : Daily

The Central Indicators scanner found this result concerning these indicators:

Price is back over the pivot point

Type : Bullish

Timeframe : Daily

The analysis of the price chart with Central Patterns scanners does not return any result.

The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	3.48	5.32	6.53	6.93	9.83	11.68	12.94
Change (%)	-49.78%	-23.23%	-5.77%	-	+41.85%	+68.54%	+86.72%
Change	-3.45	-1.61	-0.40	-	+2.90	+4.75	+6.01
Level	Intermediate	Minor	Major	-	Minor	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	5.29	5.91	6.23	6.85	7.17	7.79	8.11
Camarilla	6.29	6.38	6.46	6.55	6.64	6.72	6.81
Woodie	5.14	5.84	6.08	6.78	7.02	7.72	7.96
Fibonacci	5.91	6.27	6.49	6.85	7.21	7.43	7.79

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	1.30	3.95	6.35	9.00	11.40	14.05	16.45
Camarilla	7.37	7.83	8.30	8.76	9.22	9.69	10.15
Woodie	1.19	3.89	6.24	8.94	11.29	13.99	16.34
Fibonacci	3.95	5.88	7.07	9.00	10.93	12.12	14.05

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	-0.08	4.59	7.93	12.60	15.94	20.61	23.95
Camarilla	9.08	9.81	10.55	11.28	12.01	12.75	13.48
Woodie	-0.74	4.26	7.28	12.27	15.29	20.28	23.30
Fibonacci	4.59	7.65	9.54	12.60	15.66	17.55	20.61

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):	33.19
MACD (12,26,9):	-1.2700
Directional Movement:	-18.41
AROON (14):	-100.00
DEMA (21):	7.58
Parabolic SAR (0,02-0,02-0,2):	11.11
Elder Ray (13):	-1.73
Super Trend (3,10):	10.35
Zig ZAG (10):	6.81
VORTEX (21):	0.8500
Stochastique (14,3,5):	4.75
TEMA (21):	6.64
Williams %R (14):	-92.07
Chande Momentum Oscillator (20):	-3.85
Repulse (5,40,3):	-11.0900
ROCnROLL:	2
TRIX (15,9):	-1.2300
Courbe Coppock:	66.56

MA7:	7.31
MA20:	9.58
MA50:	11.58
MA100:	10.03
MAexp7:	7.51
MAexp20:	9.08
MAexp50:	10.14
MAexp100:	10.04
Price / MA7:	-5.20%
Price / MA20:	-27.66%
Price / MA50:	-40.16%
Price / MA100:	-30.91%
Price / MAexp7:	-7.72%
Price / MAexp20:	-23.68%
Price / MAexp50:	-31.66%
Price / MAexp100:	-30.98%

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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