THORCHAIN - RUNE/USDT - 1H - Technical analysis published on 09/27/2023 (GMT)
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- Timeframe : 1H
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- Status : NEUTRAL
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Summary of the analysis
Trends
Short term:
Neutral
Underlying:
Slightly bullish
Technical indicators
28%
28%
44%
My opinion
Neutral between 1.69 USDT and 1.77 USDT
My targets
-
My analysis
The neutral short-term trend shows a weakening of the basic, slightly bullish trend on THORCHAIN - RUNE/USDT. It is difficult to advise a trading direction under these conditions. The first resistance is located at 1.77 USDT. The first support is located at 1.69 USDT. We can stay away while waiting for a more pronounced price movement on this instrument. A new analysis could then be produced that would give clearer signals.
In the very short term, the neutral opinion of this analysis is confirmed by technical indicators which are also neutral.
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This analysis was given by yotta. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The THORCHAIN - RUNE/USDT rating is 1.73 USDT. On the day, this instrument lost -1.14% and was traded between 1.72 USDT and 1.75 USDT over the period. The price is currently at +0.58% from its lowest and -1.14% from its highest.1.72
1.75
1.73
A study of price movements over other periods shows the following variations:
New HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
Abnormal volumes on THORCHAIN - RUNE/USDT were detected by the Central Volumes scanner:
Abnormal volumes
Timeframe : 50 days
Technical
A technical analysis in 1H of this THORCHAIN - RUNE/USDT chart shows a slightly bullish trend. Only 60.71% of the signals given by moving averages are bullish. This slightly bullish trend could return to neutral given the neutral signals also given by short-term moving averages. An assessment of moving averages reveals several bearish signals that could impact this trend:
Bearish trend reversal : adaptative moving average 20
Type : Bearish
Timeframe : 1 hour
Bearish price crossover with Moving Average 20
Type : Bearish
Timeframe : 1 hour
On the 18 technical indicators analysed, 5 are bullish, 8 are neutral and 5 are bearish. Central Indicators, the scanner specialised in technical indicators, has identified this signal:
Momentum indicator is back under 0
Type : Bearish
Timeframe : 1 hour
The analysis of the price chart with Central Patterns scanners does not return any result.
No result was found by the Central Candlesticks scanner on Japanese candlesticks.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 1.46 | 1.66 | 1.69 | 1.73 | 1.74 | 1.77 | 1.82 |
| Change (%) | -15.61% | -4.05% | -2.31% | - | +0.58% | +2.31% | +5.20% |
| Change | -0.27 | -0.07 | -0.04 | - | +0.01 | +0.04 | +0.09 |
| Level | Intermediate | Intermediate | Minor | - | Intermediate | Intermediate | Intermediate |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.65 | 1.67 | 1.71 | 1.73 | 1.77 | 1.79 | 1.83 |
| Camarilla | 1.73 | 1.74 | 1.75 | 1.75 | 1.76 | 1.76 | 1.77 |
| Woodie | 1.66 | 1.68 | 1.72 | 1.74 | 1.78 | 1.80 | 1.84 |
| Fibonacci | 1.67 | 1.69 | 1.71 | 1.73 | 1.75 | 1.77 | 1.79 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.34 | 1.52 | 1.62 | 1.80 | 1.90 | 2.08 | 2.18 |
| Camarilla | 1.64 | 1.67 | 1.69 | 1.72 | 1.75 | 1.77 | 1.80 |
| Woodie | 1.30 | 1.50 | 1.58 | 1.78 | 1.86 | 2.06 | 2.14 |
| Fibonacci | 1.52 | 1.63 | 1.69 | 1.80 | 1.91 | 1.97 | 2.08 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.05 | 0.52 | 1.01 | 1.48 | 1.97 | 2.44 | 2.93 |
| Camarilla | 1.24 | 1.32 | 1.41 | 1.50 | 1.59 | 1.68 | 1.76 |
| Woodie | 0.06 | 0.53 | 1.02 | 1.49 | 1.98 | 2.45 | 2.94 |
| Fibonacci | 0.52 | 0.89 | 1.11 | 1.48 | 1.85 | 2.07 | 2.44 |
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): | 49.24 | |
| MACD (12,26,9): | 0.0100 | |
| Directional Movement: | 5.50 | |
| AROON (14): | 50.00 | |
| DEMA (21): | 1.74 | |
| Parabolic SAR (0,02-0,02-0,2): | 1.75 | |
| Elder Ray (13): | -0.01 | |
| Super Trend (3,10): | 1.71 | |
| Zig ZAG (10): | 1.72 | |
| VORTEX (21): | 1.0600 | |
| Stochastique (14,3,5): | 43.92 | |
| TEMA (21): | 1.74 | |
| Williams %R (14): | -71.35 | |
| Chande Momentum Oscillator (20): | -0.01 | |
| Repulse (5,40,3): | -0.4100 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | 0.0700 | |
| Courbe Coppock: | 2.59 |
| MA7: | 1.73 | |
| MA20: | 1.71 | |
| MA50: | 1.57 | |
| MA100: | 1.28 | |
| MAexp7: | 1.73 | |
| MAexp20: | 1.73 | |
| MAexp50: | 1.72 | |
| MAexp100: | 1.72 | |
| Price / MA7: | -0% | |
| Price / MA20: | +1.17% | |
| Price / MA50: | +10.19% | |
| Price / MA100: | +35.16% | |
| Price / MAexp7: | -0% | |
| Price / MAexp20: | -0% | |
| Price / MAexp50: | +0.58% | |
| Price / MAexp100: | +0.58% |
Quotes :
-
Real time data
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