Elliott wave Ethereum analysis 04.03.2022

The ETHUSD market is forming the bearish double zigzag [W]-[X]-[Y]. The bullish linking wave [X] has completed as a standard zigzag (A)-(B)-(C). There has started the motive wave [Y], unfolding as a simple zigzag (A)-(B)-(C). The first impulse wave (A) should end at a level of 2554.00, marked by correction (B). An approximate trajectory of the Ethereum future price movement is outlined in the chart.  

Trading plan for ETHUSD today:

Sell 2758.82.

Take profit: 2554.00.

LiteFinance: Short-term forecast for BTCUSD, XRPUSD and ETHUSD 04.03.2022 | LiteFinance

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