Elliott wave Ethereum analysis  05.05.2022

The ETHUSD market is forming the linking wave (X) as a triple zigzag. The chart displays the structure of the final motive wave Z developing as a standard zigzag [A]-[B]-[C], with impulse [A] and correction [B] completed inside. The final sub-wave [C] is currently unfolding as an ending diagonal (1)-(2)-(3)-(4)-(5). The Ethereum price should be falling in wave (5) to a level of 2636.00, where wave [C] will be 76.4% of impulse [A].

Trading plan for ETHUSD today:

Sell 2935.63,

Take profit: 2636.00.

LiteFinance: Short-term forecast for BTCUSD, XRPUSD and ETHUSD 05.05.2022 | LiteFinance

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