Elliott wave Ethereum analysis

7 feb 2022

The ETHUSD market should be forming a triple zigzag, with the second linking wave XX forming inside as a double zigzag [W]-[X]-[Y], which will be concluded by the final sub-wave [Y]. The [Y] wave is unfolding as a triple zigzag (W)-(X)-(Y)-(XX)-(Z). The price should be rising in the wave (Z) to a level of 3300.00. After the indicated level is reached, the downtrend will resume.

Trading plan for ETHUSD today:
Buy 3088.32, Take profit: 3300.00.