Elliott Wave analysis for Ethereum 23.02.2022

After an upward linking wave XX formed as a double zigzag [W]-[X]-[Y], a new bearish trend started developing in the ETHUSD chart. Most likely, a downward wave [A] is currently unfolding as impulse (1)-(2)-(3)-(4)-(5). The middle part of the impulse — subwave (3) — is developing now. It’s supposed to end at level 2355.00, marked by a small correction B.

Trading plan for ETHUSD for today:

Sell 2654.62.

Take profit: 2355.00.

LiteFinance: Short-term analysis for BTCUSD, XRPUSD, and ETHUSD for 23.02.2022 | LiteFinance

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