Elliott wave Ethereum analysis 17.02.2022

The ETHUSD market completed the upward linking wave XX, and there is forming a new bear wave as an impulse. The first two sub-waves of the impulse [1] and [2] have completed. Corrective wave is a double zigzag, it has retraced wave [1] by 76.4%. The large wave [3] is to start unfolding soon, as outlined in the chart. The first target for sell trades is the low of 2827.00, marked by the leading diagonal [1].

Trading plan for ETHUSD today:

Sell 3072.55,

Take profit: 2827.00.

LiteFinance: Short-term forecast for BTCUSD, XRPUSD and ETHUSD 17.02.2022 | LiteFinance

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