Elliott wave Ethereum analysis 10.03.2022

The ETHUSD market continues forming the bearish double zigzag [W]-[X]-[Y]. The first two sub-waves of the pattern have completed, and the final motive wave [Y[ is currently unfolding as a simple zigzag (A)-(B)-(C), with the first two sub-waves finished inside. The Ethereum price should be falling in the (C) impulse to a level of 2298.00, the low marked by the motive wave [W].

Trading plan for ETHUSD today:

Sell 2609.33.

Take profit: 2298.00.

LiteFinance: Short-term forecast for BTCUSD, XRPUSD and ETHUSD 10.03.2022 | LiteFinance

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