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Runeanalysis

RUNE/USDT 4HOUR UPDATEWelcome to this quick RUNE/USDT analysis. I have tried my best to bring the best possible outcome me in this chart. Reason of trade :- RUNE/USDT analysis is inverse head and shoulder and buy the dip. Entry:- buy in green zone Traget:- 25% to 30% Stoploss:- NA Remember:-This is not a piece of financial advice. All investment made by me is under my own risk and I am held responsible for my own profit and losses. So, do your own research before investing in this trade. Happy trading. Sorry for my English it is not my native languages. Do hit the like button if you like it and share your charts in the comments section. Thank you...
Long
by CryptoSanders9563
RUNE (THORChain) Token Analysis 23/03/2021Fundamentals: THORCHain is a decentralized liquidity protocol that allows users to easily exchange cryptocurrency assets across a range of networks without losing full custody of their assets in the process. With THORChain, users can simply swap one asset for another in a permissionless setting, without needing to rely on order books to source liquidity. Instead, market prices are maintained through the ratio of assets in a pool (see automated market maker). The native utility token of the THORChain platform is RUNE. This is used as the base currency in the THORChain ecosystem and is also used for platform governance and security as part of THORChain's Sybil resistance mechanisms — since THORChain nodes must commit a minimum of 1 million RUNE to participate in its rotating consensus process. THORChain was funded through an initial DEX offering (IDO) which launched through the Binance DEX in July 2019. Its mainnet originally launched in January 2021, but a multi-chain upgrade is currently scheduled for 2021. THORChain uses a unique system to help mitigate the issue of “impermanent losses” — or the often temporary losses that a liquidity provider can experience when contributing to liquidity pools. It achieves this by using a slip-based fee to help ensure liquidity stays where it is needed. On top of this, THORChain combines a range of novel technologies, including on-way state pegs, a state machine, the Bifröst Signer Module and a TSS protocol to seamlessly facilitate cross-chain token swaps. This is all kept behind the scenes, making the platform accessible to even inexperienced traders. The platform isn't profit-oriented. All fees generated by the protocol go directly to the users, and there are no provisions for the team. Instead, the team is incentivized by simply holding RUNE — just like everyone else. The RUNE token is currently available on multiple blockchains, including Binance Chain (as a BEP-2 token) and Ethereum (as an ERC-20 token) According to an official representative of THORChain, the platform has no CEO, no founder and no directors. Instead, the further development of the platform is organized through Gitlab. On top of this, those currently working on the project are largely anonymous. Again, an official representative of THORChain states that this is to "protect the project and ensure that it can decentralize." A tweet by the project sheds some light on the theory behind maintaining a project with an anonymous team, as quoted below: “-> Developers work for the Nodes, by shipping code that makes the system more valuable. -> Nodes work for the Stakers, by securing assets and being online. -> Stakers bring capital, placed on-market for the Swappers. -> Swappers pay fees, bringing economic activity.” Technical Analysis: there exist a Bearish Divergence between the Price and MACD, which is the sign of Bullish Trend Reversal and retracements followed by some price correction and Consolidation before Reaccumulating for the next Impulsive Bullish Wave. we have defined some Retracement and Support levels which are the Fibonacci Retracements Levels where as any of them could stand and Bounce the Price Back to the new Highs, we have defined 2 Targets by the Fibonacci Expansions zones -27% and -61.8% of the same Impulsive wave.
by BitonGroup
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