Elliott wave Ethereum analysis 04.05.2022

The ETHUSD market continues forming the bearish wave as a standard zigzag [A]-[B]-[C], which has started after the bearish linking wave XX finished. In the new zigzag, currently unfolding, impulse [A] and correction [B] have completed. There is forming the bearish impulse wave [C], with the sub-waves (1) and (2) completed and wave (3) unfolding inside. Wave (3) should finish around level 2429.00, where it will be 161.8% of wave (1), according to the Fibonacci extensions.

Trading plan for ETHUSD today:

Sell 2790.99,

Take profit: 2429.00.

LiteFinance: Short-term forecast for BTCUSD, XRPUSD and ETHUSD 04.05.2022 | LiteFinance

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