RUNE/USDT: On his way for bullish reversal

---- Mid-term Analysis for the next coming 4 weeks to 3 months - Daily on Daily Chart (LIN)-------

RUNE/USDT: On his way for bullish reversal

Context

- The Global Crypto market leads by BTC and ETH reversed a new bullish trend - RUNE for now is still lagging versus ETH
- We are watching at 3,25/3,77 area to bypassed to extend the bullish recovery in progress
- Watch 2.00 as key support

Previous analysis : 18/08/2022 :

Market configuration

- Graphical Elements :
Graphical Resistance = 3,25/3,77 & 8,35 & 13,50
Graphical Support = 2,00

- Mathematical Indicators:
EMA ( Exp Moving averages) are now support at 2,69 = Bullish / Neutral
RSI indicator (below) is now above 50% area = Bullish

- Elliot & Harmonic Wave (Fibonacci):
Fibonacci Target E (B) has been already reached = 1, 42
Fibonacci resistance of the wave in progress = 3,25/3,77
Fibonacci support of the wave E (B)(max extension) = 1,42
Fibonacci Bullish Target = 5,48 & 6,25 (auto-similar move)


Conclusion

Preferred case => AS long as 2,00 remain support, we are looking at buy the dips in the buying area in order to challenged 3,25/3,77 and surpass this zone to confirm a bullish reversal towards 5,48 in a first step