BITCOIN and the whole Crypto market is pumping really well today, so well that is very likely we are going to see many of our preferred Altcoins following the steps of the crypto king.
One of them is RUNE (Thorchain Crypto) which has nicely broken the Bull flag corrective channel, as you can see below:
What I also see is a Bullish divergence on 1Hour RSI and a nice inverted Head and Shoulders broken as well which, if confirmed, is launching a potential target towards 1.01 USD which is more than 14% of current price.
If my EW count is fine, RUNE should have been completed the 4th corrective wave (Green) and it would be searching now the 5th upwards.
Other scenarios are possible as, for instance, the further development of the 4th Corrective wave, becoming a sort of 5-3-5 correction, but the count which I think is more likely is the shown above towards 1.3 USD.
As usual, keep it as an hypothetical assumption, not financial advice.
Enjoy!
*Disclaimer: This is just my personal point of view, please, do your own assessment and act consequently. Neither this post nor myself is responsible of any of your profit/losses obtained as a result of this information.
