Crypto Analysis | Rune 10$ soon?

Good day Hiveians!

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Rune is a really interesting coin to analyze. It's the coin of the 3 waves!

 

The 3 wave pattern is very strong in Rune; in fact I haven't seen it this well pronounced in any other coin. Just look at it!

Here I have redrawn the wave pattern:

Not sure ho long this pattern will last, but until it gets broken we'll stick to it. So this would mean that the future movement will likely consist more of these 3 wave patterns. I would suggest 3 scenarios here. The first one being "neutral", the second one more "bearish" (but still going upward) and the third one being the most short term "bullish" one.

1

We would see price moving within the channel mostly on the upper side of it for the next few weeks

2

We would see price moving within the channel mostly on the lower side of it for the next few weeks

3

The last scenario would actually break out of the channel and price would trade sideways before eventually going upwards again. Interestingly, price has never really stayed with the channel if you look at the chart. The step upward always broke out of the channel. So this could be an indicator that the 3rd scenario is the most likely one. However, for this to happen BTC would have to break to ATHs again which I actually think might not happen in the very near term.

All scenarios eventually reach 10$ and more, so I guess the question is rather how fast this would happen. A bearish scenario whereas Rune would break the 4$ mark is unlikely, but of course cannot be ruled out.

 

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As a general reminder: Please keep in mind that none of this is official investment advice! Crypto trading entails a great deal of risk; never spend money that you can't afford to lose!

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