๐งToday, I decided to analyze the THORChain(RUNE) project for you. The THORChain(RUNE) has grown more than โ100% in the last month, but the question is whether the tour will continue to grow or not.
๐What Is THORChain (RUNE)โ๏ธโ
THORChain is a decentralized liquidity protocol that allows users to easily exchange cryptocurrency assets across a range of networks including Bitcoin and Ethereum without losing full custody of their assets in the process.
๐โโ๏ธThe THORChain (RUNE) is currently moving near important Resistance lines and the ๐ดResistance zone($7.20_$5.80)๐ด.
๐ก We can see Regular Divergence(RD-) between two Consecutive Peaks.
๐กWe can see Hidden Divergence (HD-) between two Main Consecutive Peaks.
๐According to the theory of Elliott waves, if the THORChain (RUNE) breaks the resistance lines, we can validly consider the recent movement as the beginning of a main impulsive movement, and if the THORChain (RUNE) falls and loses the ๐ขSupport zone($3.56_$3.00)๐ข, this upward rally should also be a corrective wave.
๐I expect that the THORChain (RUNE) needs to be corrected to break the resistance lines and ๐ดResistance zone($7.20_$5.80)๐ด, this correction could cause the THORChain (RUNE) to lose โ50% of its value.
โ๏ธโ ๏ธNoteโ ๏ธโ๏ธ: An important point you should always remember is capital management and lack of greed.
THORChain Analyze (RUNEUSDT), Weekly time frame โฐ.
Do not forget to put Stop loss for your positions (For every position you want to open).
Please follow your strategy; this is just my Idea, and I will gladly see your ideas in this post.
Please do not forget the โ ' like'โ button ๐๐ & Share it with your friends; thanks, and Trade safe.
๐What Is THORChain (RUNE)โ๏ธโ
THORChain is a decentralized liquidity protocol that allows users to easily exchange cryptocurrency assets across a range of networks including Bitcoin and Ethereum without losing full custody of their assets in the process.
๐โโ๏ธThe THORChain (RUNE) is currently moving near important Resistance lines and the ๐ดResistance zone($7.20_$5.80)๐ด.
๐ก We can see Regular Divergence(RD-) between two Consecutive Peaks.
๐กWe can see Hidden Divergence (HD-) between two Main Consecutive Peaks.
๐According to the theory of Elliott waves, if the THORChain (RUNE) breaks the resistance lines, we can validly consider the recent movement as the beginning of a main impulsive movement, and if the THORChain (RUNE) falls and loses the ๐ขSupport zone($3.56_$3.00)๐ข, this upward rally should also be a corrective wave.
๐I expect that the THORChain (RUNE) needs to be corrected to break the resistance lines and ๐ดResistance zone($7.20_$5.80)๐ด, this correction could cause the THORChain (RUNE) to lose โ50% of its value.
โ๏ธโ ๏ธNoteโ ๏ธโ๏ธ: An important point you should always remember is capital management and lack of greed.
THORChain Analyze (RUNEUSDT), Weekly time frame โฐ.
Do not forget to put Stop loss for your positions (For every position you want to open).
Please follow your strategy; this is just my Idea, and I will gladly see your ideas in this post.
Please do not forget the โ ' like'โ button ๐๐ & Share it with your friends; thanks, and Trade safe.
์กํฐ๋ธ ํธ๋ ์ด๋
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๐if you want to learn Technical Analysis = Please Contact me
๐if you want to learn Technical Analysis = Please Contact me