Elliott wave Ethereum analysis 17.11.2022

The ETHUSD market is forming a down wave that unfolds as an impulse marked by sub-waves [1]-[2]-[3]-[4]-[5]. The first three parts of this impulse are completed. Now correction [4] is under construction. This correction can end up as a double zigzag (W)-(X)-(Y), where sub-waves (X) and (Y) are also double zigzags, consisting of sub-waves W-X-Y. Soon, expect the growth within the last actionary sub-wave Y in the direction of level 1346.56.

Trading plan for ETHUSD today:

Buy 1215.67,

Take profit: 1346.56.

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