RUNE THORChain Crypto Price News Today – Elliott Wave Technical Analysis Update, Price Now!

RUNE THORChain Crypto Price News Today – Elliott Wave Technical Analysis Update, Price Now!

[Music]
hello and welcome to another update
video about Rune on the Rune chart I’m
tracking currently um still ongoing
correction and a still unfolding
correction and it is possible that we
are now in the last downward wave okay
so it is something that obviously of
other coins are doing as well they could
have topped in their relevant corrective
wave fours and one more low could happen
that’s here what I’m tracking on the
Rune chart as well here more
specifically on the Rune chart because
the price never reached the support
region for this wave two pullback I’m
considering two wave counts here and
does the price need one more low no but
it would be just ideal for for a clear
downward pattern um but yeah it doesn’t
need one more lower right it doesn’t
need it really but if we consider that
this here could have been Wave 1 wave
two wave three okay and then in the red
count a wave down of wave four
overshooting b-wave and then a c-wave
down this c-wave as highlighted in red
ideally gets five downward waves unless
it’s a wxy but ideally we get five
downward waves so far I can only
identify a 1 2 3 this could have been
four we have not we have not even broken
above resistance we haven’t even reached
a 38.2 retracement so that could easily
be a wave four we could now be in the
wave five to the downside just don’t be
surprised if we have five downward waves
it could be the c-wave to the downside
of wave four and then we could still get
another wave five to the upside yeah so
that’s but I would like to see this
correction in wave four in the red
scenario completed after one more low in
which the price might reach
$414 or and that’s another area to watch
we identified that one in previous
videos there’s an additional area of
interest if the price breaks below
$414 here around $316 to 282 is an
additional area of Interest where the
price might find support in case of
another low all I want to share with you
in this video is don’t be surprised if
there is another low does it need it no
not necessarily
uh there’s a trend line by the way you
can use as well if the the price breaks
above that trend line that would be good
indication that um we possibly have um
bottom because in the yellow
count we have three waves down so it is
possible that we have already completed
a five-wave advance
here one 2 3 4 5 the problem is this
would only be a diagonal and we could
now be in a way to pull back I have to
say though it’s three waves down I mean
it could complete here right um but even
here I can make the case for another low
for example let me show you how we could
say this was a wave a b c the thing is
why also another low seems likely even
in the in the yellow count with and you
can count that as a three-wave move as
well if the c-wave is an ending diagonal
is because the Wave 2 never reached the
$44 level it never reached uh this
support zone so and then this would be a
one a two a three this would be a four
high compared to the uh where the wave
um two ended and the three finished but
possible in a diagonal and then wave
five down so that’s sort of the micro
count in the yellow c-wave of Wave 2
both valid both possible the red one
would look
better what I want to share if we get
one more low it could be the last one
and it could reach 414 next and a
sustained break above the trend line
could be an indication that the next
upward wave has started that’s my update
about run hope you like the update if
you did please hit the like button leave
a comment and subscribe and if you
really like the content and please check
out the channel membership also make
sure that you follow us on Instagram and
Twitter for additional content thanks a
lot for watching bye-bye

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RUNE THORChain Crypto Price News Today – Elliott Wave Technical Analysis Update, Price Now! In this video I talk about the Rune cryptocurrency price and provide a technical analysis. I give you some price predictions and talk about why the chart shows that Rune has a lot of potential.

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Financial Disclaimer:
I am not a financial advisor. The ideas presented in this video are personal opinions and for entertainment purposes only. You (and only you) are responsible for the financial decisions that you make. Ideas presented in this video are my opinions at the date of filming and may have changed in the future.