Elliott wave Ethereum analysis 11.03.2022

The ETHUSD market is forming the double zigzag [W]-[X]-[Y]. The first two sub-waves have completed, and the final sub-wave [Y] is developing as a simple zigzag (A)-(B)-(C). Impulse (A) and correction (B) have finished, and the impulse down wave (C) should be unfolding, driving the price to a level of 2248.00, the previous low marked by sub-wave [W].

Trading plan for ETHUSD today:

Sell 2546.35.

Take profit: 2298.00.

LiteFinance: Short-term forecast for BTCUSD, XRPUSD and ETHUSD 11.03.2022 | LiteFinance

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