Elliott wave Ethereum analysis  03.11.2022

The most recent ETHUSD chart section shows the price rising within the impulse (A). This impulse 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 end around the high of 1662.15, marked by an impulse sub-wave [3] of a smaller degree. An approximate future price movement is shown on the chart.

Trading plan for ETHUSD today:

Buy 1549.21,

Take profit: 1662.15.

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