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

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

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Comment:

Launchpad Indeed! Took off like a rocket from our fib

Good for a QUICK 25% gains

Zoom IN (15 min) on the current pa

possible double top, or a bull flag to continue?

If it continues, the next jump is significant:

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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Comment:

Perfect entry played out nicely

Last TP was at $10.75, now watching the retrace.

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Comment:

Follow up to last snapshot above,

Correction watch continues,
$ 6.777 (cool number) minor support
$ 5.95 major support that must hold

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Comment:

$ 4.31, per my title for this idea, has proven to be AMAZIGNLY strong

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

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:

Nice clean fibnastics moves up the ladder,
the first requirement of a sustainable wave.

Adding some zones to visualize better:

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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