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


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