Elliott wave Ethereum analysis

17 dic 2021

The ETHUSD market is forming the initial part of the larger double zigzag W-X-Y. The first motive wave W has completed as a simple zigzag [A]-[B]-[C]. Next, the market has started rising in the corrective linking wave X unfolding as a double zigzag [W]-[X]-[Y], which should be concluded by the [Y] wave unfolding as a standard zigzag (A)-(B)-(C), as outlined in the chart. The price should be rising in the [Y] wave to the previous high of 4500.00.

Trading plan for ETHUSD today:
Buy 3957.38, TP 4500.00