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



Myanfx-edu does not provide tax, investment or financial services and advice. The information is being presented without consideration of the investment objectives, risk tolerance, or financial circumstances of any specific investor and might not be suitable for all investors.

Go to Register with LiteForex Platform

Financial Trading is not suitable for all investors & involved Risky. If you through with this link and trade we may earn some commission.

Want to Trade Online?

Easy Trading Platform

Copy Experienced Traders

Trade from Your Pocket

Trade with Liteforex

CFD Trading on financial markets carries risks. Before deciding to trade, you need to ensure that you understand the risks involved.