Elliott wave Ethereum analysis

24 thg 2, 2022

The ETHUSD market is building a new bearish wave [A], which is likely to take the shape of an impulse (1)-(2)-(3)-(4)-(5). The leading diagonal (1) and correction (2) were completed. Impulse sub-wave (3), consisting of five sub-waves 1-2-3-4-5, also looks formed. If this is true, then the price may start correcting within wave (4) shortly. The end of correction (4) is possible at the high of 2755.00, which was marked by corrective sub-waves [4] and 4.

Trading plan for ETHUSD today:
Buy 2368.99, Take profit: 2755.00.