neeraj_2_sharma
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neeraj_2_sharma
The crypto after having witnessed a 77% crash between Nov.2021 and Nov 2022.,started on its recovery path.The structure i can best label the crypto would be a 1-2-i-ii at this moment from the 2022 bottom(a pessimist analyst will label it as ABC) .From here on the journey according me is only towards new highs. Wave iii of 3 comes at roughly the previous ATH and after surpassing it the journey should still continue towards 100K mark(approx.)
neeraj_2_sharma
GOLD_ Wave 3 The commodities are all set to rise with DXY going into downtrend. Gold like others had also displayed impulsive wave 1 structure and was undergoing wave 2 correction. The correction was an Elliot wave zig zag and the bottom of this ABC correction was formed on 13Nov.The correction achieved a 38.2% retracement of the Wave 1 rise. The wave 3 is now unfolding(keep in mind third waves are most often than not, the strongest among all 5 waves and longest). $2140 is projected target for wave 3. Note*- this chart is for educational purpose only.
neeraj_2_sharma
A small dip in ETHEREUM and the a rally towards 3000!! The crypto is seen making impulse waves from June 2022 and has completed a structure of 1-2-I-II till now, meaning it completed the wave II of 3 and started off in the wave III of 3. The recent oct 2023 rally is the first leg to the bigger III wave that is forming. It would be a wise to wait for a meaningful retracement to this oct wave for a good entry. The 50% retracement of wave i of wave III of wave 3(i.e. current oct rally) is at 1687 and 61.8% retracement is at 1646. The B wave dip can take the crypto to these levels and that should be considered a good entry to go long towards 3K mark. Note*- this post is for educational purpose only
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