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
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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免责声明
这些信息和出版物并非旨在提供，也不构成TradingView提供或认可的任何形式的财务、投资、交易或其他类型的建议或推荐。请阅读使用条款了解更多信息。