Elliott wave Ethereum analysis 10.11.2022

The ETHUSD market is building the initial part of a potential standard zigzag. Wave A can be completed as an impulse [1]-[2]-[3]-[4]-[5] near the level of 986.23. At this level, the sub-wave [5] will be 38.2% of the previous impulse sub-wave [3]. After impulse A ends, the price will rise within the corrective wave B, as shown in the chart.

Trading plan for ETHUSD today:

Sell 1177.96,

Take profit: 986.23.

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