Elliott wave Ethereum analysis  17.03.2022

The ETHUSD market is forming a descending triple zigzag, composed of sub-waves W-X-Y-XX-Z. In late February, the motive wave Y has completed, and the market has been rising in the linking wave XX, unfolding as a double zigzag [W]-[X]-[Y]. The final sub-wave [Y], composed of sub-waves (W)-(X)-(Y), is currently forming. The Ethereum price should be rising in sub-wave [Y] to a level of 3048.00, marked by sub-wave [W].

Trading plan for ETHUSD today:

Buy 0.788.

Take profit: 0.860.

LiteFinance: Short-term forecast for BTCUSD, XRPUSD and ETHUSD 17.03.2022 | LiteFinance

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