Elliott wave Ethereum analysis 11.05.2022

The ETHUSD is forming the standard bearish zigzag [A]-[B]-[C]. There is developing the bearish sub-wave [C] as an impulse. So far, sub-wave (1) and (2) have completed. The market is forming the final part of the impulse sub-wave (3), which should finish at a level of 2043.00, where wave (3) will be 200% of wave (1), according to the Fibonacci extensions.

Trading plan for ETHUSD today:

Sell 2340.28,

Take profit: 2043.00.

LiteFinance: Short-term forecast for BTCUSD, XRPUSD and ETHUSD 11.05.2022 | LiteFinance

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