Elliott wave Ethereum analysis 13.11.2023

The ETHUSD market is forming a bullish impulse wave [A], which consists of five main sub-waves (1)-(2)-(3)-(4)-(5). The first four parts have already been finished. The final ascending wave (5) is currently unfolding. Soon, correction 4 will end within impulse (5). Then, the price will rise in sub-wave 5 towards the level of 2176.00. At the indicated level, wave (5) will be 123.6% of impulse (3).

Trading plan for ETHUSD for today:

Buy 2041.84,

Take profit: 2176.00.


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