THORCHAIN - RUNE/USDT - 1H - Technical analysis published on 02/27/2025 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Strongly bearish
Technical indicators
17%
61%
22%
My opinion
Bearish under 1.31 USDT
My targets
1.20 USDT (-5.51%)
1.14 USDT (-10.47%)
My analysis
The bearish trend is currently very strong for THORCHAIN - RUNE/USDT. As long as the price remains below the resistance at 1.31 USDT, you could try to take advantage of the bearish rally. The first bearish objective is located at 1.20 USDT. The bearish momentum would be revived by a break in this support. Sellers would then use the next support located at 1.14 USDT as an objective. Crossing it would then enable sellers to target 1.04 USDT. Be careful, given the powerful bearish rally underway, excesses could lead to a short-term rebound. If this is the case, remember that trading against the trend may be riskier. It would seem more appropriate to wait for a signal indicating reversal of the trend.
Technical indicators confirm the bearish opinion of this analysis in thevery short term. However, be careful of excessive bearish movements. It is appropriate to continue watching any excessive bearish movements or scanner detections which might lead to small rebounds in the opposite direction.
Force
0
10
6.4
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This analysis was given by Alazmi. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
THORCHAIN - RUNE/USDT rating 1.27 USDT. The price registered a decrease of -20.13% on the session and was traded between 1.26 USDT and 1.66 USDT over the period. The price is currently at +0.79% from its lowest and -23.49% from its highest.1.26
1.66
1.27
A study of price movements over other periods shows the following variations:
Technical
A technical analysis in 1H of this THORCHAIN - RUNE/USDT chart shows a sharp bearish trend. The signals given by moving averages are 82.14% bearish. This strong bearish trend is confirmed by the strong signals currently being given by short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
In fact, 11 technical indicators on 18 studied are currently bearish. Caution: the Central Indicators scanner currently detects an excess:
RSI indicator is oversold : under 30
Type : Neutral
Timeframe : 1 hour
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : 1 hour
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : 1 hour
Pivot points : price is under support 3
Type : Neutral
Timeframe : 1 hour
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
Central Patterns, the scanner specializing in chart patterns, did not identify any signals.
The Central Candlesticks scanner currently notes the presence of this pattern in Japanese candlesticks that could mark the end of the short-term trend currently underway:
Doji
Type : Neutral
Timeframe : 1 hour
ProTrendLines
S2
S1
R1
R2
R3
Price
| S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|
| ProTrendLines | 1.04 | 1.20 | 1.27 | 1.31 | 1.46 | 1.53 |
| Change (%) | -18.11% | -5.51% | - | +3.15% | +14.96% | +20.47% |
| Change | -0.23 | -0.07 | - | +0.04 | +0.19 | +0.26 |
| Level | Major | Major | - | Minor | Minor | Intermediate |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.29 | 1.38 | 1.48 | 1.57 | 1.67 | 1.76 | 1.86 |
| Camarilla | 1.54 | 1.56 | 1.57 | 1.59 | 1.61 | 1.63 | 1.64 |
| Woodie | 1.31 | 1.38 | 1.50 | 1.57 | 1.69 | 1.76 | 1.88 |
| Fibonacci | 1.38 | 1.45 | 1.49 | 1.57 | 1.64 | 1.68 | 1.76 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.72 | 0.91 | 1.14 | 1.33 | 1.56 | 1.75 | 1.98 |
| Camarilla | 1.25 | 1.28 | 1.32 | 1.36 | 1.40 | 1.44 | 1.48 |
| Woodie | 0.73 | 0.92 | 1.15 | 1.34 | 1.57 | 1.76 | 1.99 |
| Fibonacci | 0.91 | 1.07 | 1.17 | 1.33 | 1.49 | 1.59 | 1.75 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | -0.81 | 0.59 | 1.35 | 2.75 | 3.51 | 4.91 | 5.67 |
| Camarilla | 1.53 | 1.72 | 1.92 | 2.12 | 2.32 | 2.52 | 2.71 |
| Woodie | -1.12 | 0.43 | 1.04 | 2.59 | 3.20 | 4.75 | 5.36 |
| Fibonacci | 0.59 | 1.41 | 1.92 | 2.75 | 3.57 | 4.08 | 4.91 |
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): | 24.53 | |
| MACD (12,26,9): | -0.0700 | |
| Directional Movement: | -33.57 | |
| AROON (14): | -92.86 | |
| DEMA (21): | 1.32 | |
| Parabolic SAR (0,02-0,02-0,2): | 1.37 | |
| Elder Ray (13): | -0.09 | |
| Super Trend (3,10): | 1.39 | |
| Zig ZAG (10): | 1.28 | |
| VORTEX (21): | 0.6600 | |
| Stochastique (14,3,5): | 4.46 | |
| TEMA (21): | 1.26 | |
| Williams %R (14): | -94.44 | |
| Chande Momentum Oscillator (20): | -0.21 | |
| Repulse (5,40,3): | -1.5900 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.4800 | |
| Courbe Coppock: | 33.67 |
| MA7: | 1.38 | |
| MA20: | 1.33 | |
| MA50: | 2.10 | |
| MA100: | 3.88 | |
| MAexp7: | 1.31 | |
| MAexp20: | 1.42 | |
| MAexp50: | 1.47 | |
| MAexp100: | 1.45 | |
| Price / MA7: | -7.97% | |
| Price / MA20: | -4.51% | |
| Price / MA50: | -39.52% | |
| Price / MA100: | -67.27% | |
| Price / MAexp7: | -3.05% | |
| Price / MAexp20: | -10.56% | |
| Price / MAexp50: | -13.61% | |
| Price / MAexp100: | -12.41% |
Quotes :
-
Real time data
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CoinMarketCap
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