🚨THORChain(RUNE) Can Drop more than ➖50%🚨
🧐Today, I decided to analyze the THORChain(RUNE) project for you. The THORChain(RUNE) has grown more than ➕100% in the last month, but the question is whether the tour will continue to grow or not.
📚What Is THORChain (RUNE)❗️❓
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.
🏃♂️The THORChain (RUNE) is currently moving near important Resistance lines and the 🔴Resistance zone($7.20_$5.80)🔴.
💡 We can see Regular Divergence(RD-) between two Consecutive Peaks.
💡We can see Hidden Divergence (HD-) between two Main Consecutive Peaks.
🌊According 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 🟢Support zone($3.56_$3.00)🟢, this upward rally should also be a corrective wave.
🔔I expect that the THORChain (RUNE) needs to be corrected to break the resistance lines and 🔴Resistance zone($7.20_$5.80)🔴, this correction could cause the THORChain (RUNE) to lose ➖50% of its value.
❗️⚠️Note⚠️❗️: An important point you should always remember is capital management and lack of greed.
THORChain Analyze (RUNEUSDT), Weekly time frame ⏰.
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 ✅' like'✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
📚What Is THORChain (RUNE)❗️❓
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.
🏃♂️The THORChain (RUNE) is currently moving near important Resistance lines and the 🔴Resistance zone($7.20_$5.80)🔴.
💡 We can see Regular Divergence(RD-) between two Consecutive Peaks.
💡We can see Hidden Divergence (HD-) between two Main Consecutive Peaks.
🌊According 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 🟢Support zone($3.56_$3.00)🟢, this upward rally should also be a corrective wave.
🔔I expect that the THORChain (RUNE) needs to be corrected to break the resistance lines and 🔴Resistance zone($7.20_$5.80)🔴, this correction could cause the THORChain (RUNE) to lose ➖50% of its value.
❗️⚠️Note⚠️❗️: An important point you should always remember is capital management and lack of greed.
THORChain Analyze (RUNEUSDT), Weekly time frame ⏰.
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 ✅' like'✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
Trade active
Trade closed: target reached