Elliott wave Ethereum analysis 01.11.2022

The most recent ETHUSD chart section shows the formation of an upward wave (A) as an impulse, judging by the internal structure. The first two sub-waves (1 and 2) of the potential impulse are completed. Right now, bullish impulse wave 3 is unfolding. It may end around the level of 1662.15, which is the high, marked by a sub-wave [3]. After that, a slight correction 4 is expected.

Trading plan for ETHUSD today:

Buy 1589.47,

Take profit: 1662.15.

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