Technical analysis by BullishEffect about Symbol RUNE: Buy recommendation (1/15/2025)

When it comes to cryptos, we don't have much to say. We are talking about an instrument with different dynamics. Everyone looks for an excuse for the rise and fall. We don't know why it rises, we don't know why it falls. We are interested in the results, not the reasons. When I do my stock analysis, I look at how the company is managed and how it has performed from the past to the present, and act according to the data. However, the sensitivity of cryptos can sometimes be sensitive and sometimes as solid as a rock. First of all, not every crypto should be invested in. Cryptos should not be played with. Not every crypto is high quality. We should not forget that cryptos are money. We should not treat currencies as stocks. We should not compare currencies with companies. I also examined THORCHAIN ( RUNE ), a cryptocurrency that I found "high quality", which I mentioned in the third paragraph, from a TECHNICAL perspective. Now, first of all, the chart is a weekly chart. The vertical line shows the end of the year. What do you see when you look? Of course, the famous Elliot Wave. RUNE could not perform very well in 2024. Many cryptocurrencies completed the year with successful performances. But as I mentioned above, I don't think there is a reason for the stagnation in RUNE. I don't want to fool you or myself by saying because. I can't say that I'm a fan of cryptos, to be honest. To me, they are money. However, due to their limited and algorithmic structure, they perform much better than controlled fiat currencies. The 2nd leg of the Elliot impulse wave is complete or about to be completed in my opinion, I think we have entered the 3rd phase of the Elliot impulse wave in RUNE. I expect an increase here. The magnificent, infallible crypto gurus and the lords of the candles(!) will probably associate this with Trump's ascension to power, but this was already a cycle and would have been in my opinion. As for the targets, I accept that there is a fantasy here. I think we will complete the 3rd phase at $15. Then the 4th phase is a correction and a pullback phase as you can see. The last leg of the impulse wave is more fantastic. At $22 RUNE it could be the shining star of 2025. Of course, every impulse has a correction wave. After the bullish cycle is complete, we will be greeted by correction phases. This correction will also be associated with a news. The last word: you can't control the waves, but you can learn how to surf them. May abundance, prosperity and success always be with you. *The analysis is based on my own personal comments and does not constitute financial investment advice.