RUNE: Approaching Resistance
THORchain (RUNE) technical analysis:
Trade setup: Trends are mixed. Wait for price to 1) break above $1.50 resistance, with upside potential to $2.00, or 2) pull back near $1.00 support for swing entry.
Trend: Uptrend on Short-Term basis, Neutral on Medium-Term basis and Downtrend on Long-Term basis.
Momentum is Mixed as MACD Line is below MACD Signal Line (Bearish) but RSI ~ 50 (Neutral).
Support and Resistance: Nearest Support Zone is $1.00. The nearest Resistance Zone is $1.50 (previous support), then $2.50, and $3.00.
Trade setup: Trends are mixed. Wait for price to 1) break above $1.50 resistance, with upside potential to $2.00, or 2) pull back near $1.00 support for swing entry.
Trend: Uptrend on Short-Term basis, Neutral on Medium-Term basis and Downtrend on Long-Term basis.
Momentum is Mixed as MACD Line is below MACD Signal Line (Bearish) but RSI ~ 50 (Neutral).
Support and Resistance: Nearest Support Zone is $1.00. The nearest Resistance Zone is $1.50 (previous support), then $2.50, and $3.00.
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