$RUNE to break upper trendline for Double Extension 5th Wave

18 Kas 2023

RUNE price action relates to two impulse 5th wave extension in Elliot Wave.

1. A Typical 5th Extension where the 5th wave stays under the trendline then make it corrective waves, or
2. A Double Extension impulse where it breaks the upper trendline to a max of 261.8% Fib.

Somehow it did however showed some characteristic of Double extension during wave 3, finishing above 1.618% , with wave 5 just under 161.8% of wave 3.

Breaking the upper trendline will confirm its structure.

Moreover RUNE did retraced a significant amount around 31% after wave 3, and ended in a c-wave failure.

Some caution though, as extended 5th wave will often break the upper trendline only to quickly retrace 61.8% - 95% of the entire 5th wave.

Interesting to see how this will play out as most of the its run is contributed by a great product market fit, by means of cross-chain Decentralized Exchange using Streaming swaps of native BTC, ETH.

24 Kas 2023

Not

Still no impulsive correction for RUNE, still on trend.

24 Kas 2023

Not

Posted a day ago, hoping for a wave 2

x.com/buckh28d/status/1727504925125661052?s=20

24 Kas 2023

Not

Most likely the wave 2 is currently happening. If major impulse happened to break upper resistance, will confirm double extended wave 5 for RUNE

29 Kas 2023

Not

Possible w3 of W5 in the making or w2 of W5.

2 Ara 2023

Not

Looks like another extended impulse here, w2 of W5