RUNE eyes on $ 4.31 for key Support and possible Launch Pad

ที่อัปเดต:
RUNE eyes on $ 4.31 for key Support.
Possible launch pad for next leg up.
Failure of that level could drop hard.

This is a follow up to previous analysis
RUNE heads up at $4.62: next landmark for gauging trend


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บันทึกช่วยจำ
Launchpad Indeed! Took off like a rocket from our fib สแนปชอต

Good for a QUICK 25% gains
สแนปชอต

Zoom IN (15 min) on the current pa
สแนปชอต
possible double top, or a bull flag to continue?

If it continues, the next jump is significant:
สแนปชอต
Golden fibs do have a lot of 'Gravity", so if we can move in that direction, it will attract the price.

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บันทึกช่วยจำ
Perfect entry played out nicely
สแนปชอต
Last TP was at $10.75, now watching the retrace.

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บันทึกช่วยจำ
Follow up to last snapshot above,
สแนปชอต
Correction watch continues,
$ 6.777 (cool number) minor support
$ 5.95 major support that must hold

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บันทึกช่วยจำ
$ 4.31, per my title for this idea, has proven to be AMAZIGNLY strong
สแนปชอต
Two LOUD Pings on it after posting,
both ending the high velocity drops,
proves it to be the key level of interest.

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Zoom in (h2) for a look since the last bounce
สแนปชอต
Still hearing many PIngs on all of the fibs,
so we continue to watch the entire fib set,
as each Ping alerts and energizes the rest.
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Zoom in more (m15) and adding a fib to the last wave up:
สแนปชอต
Nice clean fibnastics moves up the ladder,
the first requirement of a sustainable wave.

Adding some zones to visualize better:
สแนปชอต
We are currently at risk of a local top,
with some new resistance at $ 6.67-6.77,
and strong support below at % 5.97-5.95.

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SUMMARY:
- Our originally identified support at $4.31 has proven to be VERY strong.
- Two strong bounces after posting, but at risk of second bounce ending.

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บันทึกช่วยจำ
Beautiful bounce off our "Strong Support"
สแนปชอต
(in follow up to last snapshot above).

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Zoom in (m5)
สแนปชอต
That was a LOUD Ping on the golden fib,
with many subsequent pings to confirm,
now chewing on a "moderate" resistance

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SUMMARY:
- Bounced exactly where expected
- Perfect example of a "loud" Ping.
- Now chewing on a "moderate" resistance.
- Looking more and more like "bottom in"

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fiboFibonaccigoldenratioSupport and Resistance

the Golden Ratio is my Religion
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