Elliott wave Ethereum analysis 14.12.2022

The H1 ETHUSD chart shows a major corrective wave B. Inside it, 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. Now the last actionary wave (Y) is unfolding. It is expected to end near the level of 1345.00 level. This is the high, marked by the actionary wave [W].

Trading plan for ETHUSD for today:

Buy 1316.86,

Take profit: 1345.00.

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