Elliott Wave analysis for Ethereum 18.04.2022

A new corrective pattern is forming in the ETHUSD chart. It may unfold as a simple zigzag [A]-[B]-[C]. Most likely, the downward wave [A] is formed as a five-wave impulse (1)-(2)-(3)-(4)-(5). The corrective wave [B] is developing at the moment, most likely as a double zigzag (W)-(X)-(Y). The linking wave (X) looks completed. So, expect the ultimate actionary wave (Y) to develop to the level of 3262.00, where the correction [B] will be 50% of the impulse [A].

Trading plan for ETHUSD for today:

Buy 2992.97,

Take profit: 3262.00.

LiteFinance: Short-term analysis for BTCUSD, XRPUSD, and ETHUSD for 18.04.2022 | LiteFinance

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