Elliott wave Ethereum analysis 09.12.2022

Ethereum is building a large corrective wave B, in which the last sub-wave [Y] is unfolding. Judging by the internal structure, wave [Y] will take the shape of a standard zigzag (A)-(B)-(C). Impulse (A) and correction (B) have been completed. Now the last impulse wave (C) is unfolding. It is expected to end around 1346.56. In the current situation, consider opening long trades.

Trading plan for ETHUSD for today:

Buy 1282.51,

Take profit: 1346.56.

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