Elliott Wave analysis for Ethereum 19.04.2022

A corrective pattern, suggesting a simple zigzag [A]-[B]-[C], is unfolding in the last part of the ETHUSD chart. The first actionary wave [A] may have formed completely as a five-wave impulse. The first part of the corrective wave [B] is forming at the moment. It will likely develop as a simple zigzag (A)-(B)-(C). This pattern is expected to finish forming at 3311.00, where the size of correction [B] will be 61.8% of impulse [A] as per the Fibonacci ratios.

Trading plan for ETHUSD for today:

Buy 3040.81,

Take profit: 3311.00.

LiteFinance: Short-term analysis for BTCUSD, XRPUSD, and ETHUSD for 19.04.2022 | LiteFinance

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