Hodl, dear members of LeoFinance!
Today, I would like to comment on the price chart of THORChain.
In the daily chart (1D), RUNE/USD consolidated for a couple of weeks at the 30-day Moving Average (MA 30), 90-day Moving Average (MA 90), and 360-day Moving Average (MA 360):
After that, the price received enough support and rebounded.
Moreover, in the 4-hour chart (4H), RUNE/USD has already exited the Bullish Flag (common trend continuation pattern):
So, it seems that we are at the very beginning of the uptrend renewal.
To be continued ...
As of the time of writing, one RUNE costs $13,42 on the Binance crypto exchange, according to TradingView.
A few words about me:
Just to let you know: I've been working professionally as a currency analyst for the last 15 years, and as a cryptocurrency analyst for the last 4 years.
Important!
Keep in mind, that thoughts expressed here are my own, and they should not be regarded as recommendations for any cryptocurrency/commodity trades, investments and etc.
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