Elliott wave Ethereum analysis

22 thg 12, 2021

The ETHUSD market is forming the linking wave X as an element of the bearish double zigzag. The X wave is developing as a double zigzag [W]-[X]-[Y]. The down linking wave [X] could have completed as a triple zigzag (W)-(X)-(Y)-(XX)-(Z), so the price should be rising in the initial part of the final motive wave [Y]. Wave [Y] could be unfolding as a simple zigzag, whose first impulse wave (A) should end at a level of 4495.52, marked by the [W] wave. One could enter purchases in the current situation.

Trading plan for ETHUSD today:
Buy 4044.64, TP 4495.52