Elliott wave Ethereum analysis 02.11.2022

ETHUSD price is growing within the impulse (A). It serves as the initial part of a new bullish zigzag. Wave (A) is composed of five sub-waves 1-2-3-4-5, two of which are completed. Wave 3 will soon end around the level of 1662.15, marked by an impulse wave [3] of a smaller wave degree. The approximate future price movement is shown in the chart.

Trading plan for ETHUSD today:

Buy 1590.12,

Take profit: 1662.15.

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