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Elliott wave Ethereum analysis 16.03.2022

The ETHUSD market is forming the large corrective pattern as a triple zigzag. There is forming the linking wave XX as a double zigzag composed of sub-waves [W]-[X]-[Y]. The first two sub-waves of the zigzag have completed, and the final motive wave [Y], composed of sub-waves (W)-(X)-(Y), is still unfolding. The (Y) wave could end at a level of 3048.00, marked by the motive wave [W]. An approximate trajectory of the Ethereum future price movement is outlined in the chart.

Trading plan for ETHUSD today:

Buy 2617.73.

Take profit: 3048.00.

LiteFinance: Short-term forecast for BTCUSD, XRPUSD and ETHUSD 16.03.2022 | LiteFinance


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