THORChain Bullish Confirmed: 361% Back To Baseline Potential

When a Cryptocurrency trading pair moves and closes daily above EMA13, this confirms a bullish bias. The longer the moving average the stronger the signal/confirmation.

Here we are looking at RUNEUSDT (THORChain) and we can see a move and close above EMA13 and EMA21. The move above EMA21 happened today and this one is confirmed only when the session (daily candle) closes above this level.

EMA13 is a short-term exponential moving average when it comes to Cryptocurrency trading charts. A move above this level signals the change of a bearish bias towards a bullish one.

The fact that RUNEUSDT is moving also above EMA21 fully confirms the short-term bullish signal given by the break above EMA13. In simple terms, we are going up —bullish confirmed.

When there is a strong drop, as shown in this chart, there is always a counter move "back to baseline." The baseline here is the last high because of a double-top between May and December 2024.

Back to baseline would give us a minimum of 361% potential for growth. This is short-term. There is sure to be more, much more because we are in a bull-market year. Prepare for massive growth. This is an easy chart, an easy trade.

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