Elliott wave Ethereum analysis  07.03.2022

The ETHUSD continues forming the downtrend as a double zigzag [W]-[X]-[Y]. The first two sub-waves of the pattern have completed. There is developing the motive wave [Y] as a standard zigzag (A)-(B)-(C), like the previous sub-waves. The impulse down wave (A) must have completed, so the price should be rising in corrective sub-wave (B). Next, the market will continue falling in the (C) impulse to the previous low.

Trading plan for ETHUSD today:

Sell 2521.40.

Take profit: 2298.00.

LiteFinance: Short-term forecast for BTCUSD, XRPUSD and ETHUSD 07.03.2022 | LiteFinance

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