Elliott wave Ethereum analysis 13.12.2022

The ETHUSD market continues to build a large corrective wave B, within which the last sub-wave [Y] is unfolding. Judging by the internal structure, wave [Y] will take the shape of a double zigzag (W)-(X)-(Y). Zigzag (W) and double zigzag (X) have been completed. The last actionary wave (Y) which is currently unfolding is expected to end near the level of 1345.00. This is the high marked by the actionary wave [W].

Trading plan for ETHUSD for today:

Buy 1271.63,

Take profit: 1345.00.

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