Elliott wave Ethereum analysis

29 дек. 2021 г.

The ETHUSD chart shows the internal structure of linking wave X, which consists of three main sub-waves [W] - [X] - [Y]. At present, two parts have been fully completed, the zigzag [W] and the triple zigzag [X]. Now the last subwave [Y] is unfolding as a double zigzag (W) - (X) - (Y). It seems that the decline of the market within wave (X) has ended, so shortly, expect the price to rise within the current wave (Y) to the level of 4490.00.. Perhaps wave (Y) will unfold as a simple zigzag, as shown in the chart.

Trading plan for ETHUSD today:
Buy 3803.16, TP 4490.00