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Elliott Wave analysis for Ethereum 21.02.2022

A big triple zigzag continues developing in the ETHUSD’s chart. A reactionary linking wave XX has recently formed as a double zigzag [W]-[X]-[Y] within that triple zigzag. The price then started moving downwards in a bearish wave that looks like an impulse. The first two subwaves — a leading diagonal [1] and a bullish correction [2] in the form of a double zigzag — seem to be completed. The pair is expected to fall shortly in impulse [3] below the minimum of 2306.00 formed by linking wave [X]. 

Trading plan for ETHUSD for today:

Sell 2740.22.

Take profit: 2306.00.

LiteFinance: Short-term analysis for BTCUSD, XRPUSD, and ETHUSD for 21.02.2022 | LiteFinance


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