Elliott wave Ethereum analysis  01.03.2022

The ETHUSD market is forming a corrective downtrend as a double zigzag [W]-[X]-[Y]. The first motive wave [W] must have completed as a simple zigzag (A)-(B)-(C). The price is now rising in the linking wave [X], which is about to end soon. The [X] wave is developing as a simple zigzag (A)-(B)-(C), which should finish at a level of 3050.00, where the [X] wave will be 76.4% of the [W] wave. 

Trading plan for ETHUSD today:

Buy 2921.89.

Take profit: 3050.00.

LiteFinance: Short-term forecast for BTCUSD, XRPUSD and ETHUSD 01.03.2022 | LiteFinance

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