Elliott wave Ethereum analysis

15 feb 2022

The ETHUSD market is forming a corrective trend as a triple zigzag. The linking wave XX must have recently completed as a double zigzag [W]-[X]-[Y]. The most recent chart displays the initial part of a new bearish wave, likely unfolding as a simple impulse. The first sub-wave of the potential impulse must have finished as a leading diagonal. The price should be rising in correction [2] to a level of 3056, where wave [2] will retrace impulse [1] by 50%.

Trading plan for ETHUSD today:
Buy 3013.77, Take profit: 3056.00.