Elliott wave Ethereum analysis 09.03.2022

The ETHUSD market situation is similar to that of the BTCUSD. There is forming the bearish double zigzag, with the first two zigzag-shaped sub-waves [W] and [X] completed inside. The final sub-wave [Y] is currently unfolding as a simple zigzag (A)-(B)-(C). The bullish correction (B) must have completed, and the market should be falling in sub-wave (C) towards the previous low of 2298.00.

Trading plan for ETHUSD today:

Sell 2708.14.

Take profit: 2298.00.

LiteFinance: Short-term forecast for BTCUSD, XRPUSD and ETHUSD 09.03.2022 | 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.

Go to Register with LiteForex Platform

Financial Trading is not suitable for all investors & involved Risky. If you through with this link and trade we may earn some commission.

Want to Trade Online?

Easy Trading Platform

Copy Experienced Traders

Trade from Your Pocket

Trade with Liteforex

CFD Trading on financial markets carries risks. Before deciding to trade, you need to ensure that you understand the risks involved.