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THORCHAIN - RUNE/USD
THORCHAIN - RUNE/USD
- USD (-)
- Real time data - Cryptocompare
Open: -
Change: -
Volume: -
Low: -
High: -
High / Low range: -
Type: Cryptocurrencies
Ticker: RUNEUSD
ISIN:

THORCHAIN - RUNE/USD - 1H - Technical analysis published on 05/18/2021 (GMT)

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

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Summary of the analysis

Trends
Short term: 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

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.

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

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.

Central Gaps

Bullish opening

Type : Bullish

Timeframe : Openning



Here is a more detailed summary of the historical variations registered by THORCHAIN - RUNE/USD:
The Central Records scanner for higher/lower results shows the following items:

Central Records

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:

Central 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:

Central Indicators

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:

Central Indicators

CCI indicator is overbought : over 100

Type : Neutral

Timeframe : 1 hour

Central Indicators, the detector scanner for these technical indicators has recently detected several signals:

Central Indicators

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:

Central Patterns

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


S3S2S1PriceR1R2R3
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
Standard11.5713.5715.9917.9920.4122.4124.83
Camarilla17.1917.5918.0018.4018.8119.2119.62
Woodie11.7713.6816.1918.1020.6122.5225.03
Fibonacci13.5715.2616.3117.9919.6820.7322.41


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard11.5913.6815.6217.7119.6521.7423.68
Camarilla16.4516.8217.1917.5617.9318.3018.67
Woodie11.5213.6415.5517.6719.5821.7023.61
Fibonacci13.6815.2216.1717.7119.2520.2021.74


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard0.884.409.8913.4118.9022.4227.91
Camarilla12.9113.7414.5615.3916.2217.0417.87
Woodie1.884.8910.8913.9019.9022.9128.91
Fibonacci4.407.849.9713.4116.8518.9822.42

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 : - Real time data - Cryptocompare

This member declared not having a position on this financial instrument or a related financial instrument.

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