Elliott wave Ethereum analysis 04.11.2022

The ETHUSD market is constructing the first actionary wave of the bullish standard zigzag, that is wave (A). It is similar to a simple five-wave impulse, composed of sub-waves 1-2-3-4-5. At the moment, the final leg of sub-wave 3 is developing, namely the final sub-wave [5]. There is a possibility that the price within the sub-wave [5] will rise to a high of 1662.15, marked by an impulsive sub-wave [3] of a smaller degree.

Trading plan for ETHUSD today:

Buy 1544.50,

Take profit: 1662.15.

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