The Trust Layer for Market Analysts

The analyst discusses the four-day chart for RUNEUSDT, noting its performance since the 2023 low. Although the chart once looked promising, it experienced a collapse. The analyst suggests that fundamentally, it could still technically form an ABC structure, potentially leading to another C wave upwards, but it doesn't appear to have bottomed out yet. The main concern is the lack of a five-wave move up from recent lows and the price remaining below resistance levels between $1.57 and $2.69. In a less optimistic scenario, it could continue declining. There's a discussion about the move up from February 2025 to the May high only showing three waves, labeled as an A wave, potentially forming a triangle pattern. The chart is grinding sideways, with a clear indication that to confirm a low a break above $2.18 needs to be seen, to invalidate the triangle scenario, otherwise the focus shifts to the $2.55 to $4.26 range.