Elliott wave Ethereum analysis 15.11.2022

The most recent ETHUSD chart section displays the price decline within the first wave of a potential zigzag. In other words, wave A unfolds as the impulse [1]-[2]-[3]-[4]-[5]. Now a corrective wave [4] is unfolding as a double zigzag (W)-(X)-(Y). The actionary sub-wave (W) and the countervailing wave (X) have already been completed. Now a sub-wave (Y) is being formed. It will end near level 1346.56, where the sub-wave (W) ended.

Trading plan for ETHUSD today:

Buy 1257.55,

Take profit: 1346.56.

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