Core DAO Bullish Impulse, Elliott WaveI am giving two targets for the end of the fifth wave, the first wave is already in.
Good morning my fellow Cryptocurrency trader, I hope you are having a wonderful day.
Here we have a classic chart setup, COREUSDT bearish since April 2024. The drop from April 2024 through March 2025 can be considered a big ABC. Once the correction ends, we can look for signs of a newly developing bullish wave. The signs are in.
Between March & May 2025 we have wave 1, ending clearly in a higher low. The first wave lasted 70 days, the third wave can easily last 90 days. Can be more or less, this is only a projection but we know the market is set to move higher.
Wave 2 was really short, it only lasted 28 days. So wave 4, the second correction within a bullish impulse, can last between 40 and 60 days. After wave 4 we get the fifth and final wave and this is the speculative wave.
These are very conservative projections on the chart, the market can move much higher. For example, wave 3 can end up going as high as wave 5. Then wave 4 would correct into what is now the wave 3 high. Then the final fifth wave would go off the chart and peak at $18. This is another version and it wouldn't surprise me, Crypto tend to go beyond all expectations when the bulls are on.
Regardless of how high the market goes, right now we have great entry timing and prices while at the same time knowing Crypto is going up.
Namaste.
