Elliott Wave analysis for Ethereum 20.04.2022

A downward simple zigzag [A]-[B]-[C] is expected to form in the Ethereum chart. Its first actionary wave [A] is fully completed as a simple impulse. The market is currently in the corrective wave [B], which may form as a bullish simple zigzag (A)-(B)-(C). Its first two subwaves (A)-(B) are probably formed, so the price can be expected to rise in the ultimate impulse subwave (C) to a level of 3311.00, where the size of correction [B] will be 61.8% of the impulse [A].

Trading plan for ETHUSD for today:

Buy 3079.86,

Take profit: 3311.00.

LiteFinance: Short-term analysis for BTCUSD, XRPUSD, and ETHUSD for 20.04.2022 | LiteFinance

Myanfx-edu does not provide tax, investment or financial services and advice. The information is being presented without consideration of the investment objectives, risk tolerance, or financial circumstances of any specific investor and might not be suitable for all investors.

Go to Register with LiteForex Platform

Financial Trading is not suitable for all investors & involved Risky. If you through with this link and trade we may earn some commission.

Want to Trade Online?

Easy Trading Platform

Copy Experienced Traders

Trade from Your Pocket

Trade with Liteforex

CFD Trading on financial markets carries risks. Before deciding to trade, you need to ensure that you understand the risks involved.