Elliott wave Ethereum analysis 08.03.2022

The descending double zigzag [W]-[X]-[Y] continues developing. The first two legs must have completed, and the final motive wave [Y] is unfolding as a standard zigzag (A)-(B)-(C). The down impulse wave (A) must have finished, and the Ethereum price should be rising in the corrective wave (B), upon the completion of which, the market will resume declining in the (C) impulse to a level of 2298.00, marked by the [W] wave.

Trading plan for ETHUSD today:

Sell 2522.80.

Take profit: 2298.00.

LiteFinance: Short-term forecast for BTCUSD, XRPUSD and ETHUSD 08.03.2022 | LiteFinance — Myanfx-edu does not provide tax, investment or financial services and advice. The information is being presented without consideration of the investment objectives, risk tolerance, or financial circumstances of any specific investor and might not be suitable for all investors.

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