„Thorchain“ kainų analizė: „Thorchain“ moneta konsoliduojasi po to, kai išsiveržė iš galvos ir pečių

  • Thorchain Coin is in a consolidation zone between $ 3.80 and $ 5.20
  • The coin made a bearish breakout from the head and shoulders pattern
  • The coin is trading in a range-bound behavior on the hourly chart
Chart of ThorchainL/USD by Trading View

Thorchain Coin broke out of a head and shoulders pattern on the daily chart. The coin is currently consolidating in the zone between $ 3.20 and $ 5.20 on the chart. The coin broke out of the head and shoulders pattern late last month and since then has been on a consolidating phase. The volumes have reduced drastically for the token over the last few months. The coin began the head and shoulder pattern in August and completed it in early 2022.

Chart of Thorchain/USD by Trading View

Thorchain Coin is behaving in a range-bound fashion on the hourly chart over the last couple of weeks. The coin is currently testing the resistance at $ 4.50. The coin is in the zone between $ 4.50 and $ 3.80 on the chart. The coin was earlier trading in the zone between $ 4.50 and $ 5.25 on the chart. The coin broke the support at $ 4.50 to trade in the current zone. The coin now has strong support at $ 3.80. The coin looks to trade in the current zone over the next few trading hours. 

- Skelbimas -

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Išvada: 

Thorchain Coin is in a consolidation phase after the breakout from the five-month-long head and shoulders pattern. The coin is testing a short-term resistance zone on the hourly chart. It remains to be seen over the next few trading sessions as to which direction the token will take.

Palaikymas: 3.80 USD

Atsparumas: 4.50 USD

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Source: https://www.thecoinrepublic.com/2022/02/16/thorchain-price-analysis-thorchain-coin-is-in-a-consolidation-post-breakout-from-head-and-shoulders/