Elliott wave Ethereum analysis 18.02.2022

The ETHUSD market is forming a large triple zigzag, with the linking wave XX competed as a double zigzag [W]-[X]-[Y]. The price has started declining in the bear wave unfolding as an impulse. The first two sub-waves of the impulse seem to have completed. Wave [1] is a leading diagonal, and bullish correction [2] is a double zigzag. The Ethereum price should be declining in impulse [3] below the low of 2575.00, marked by the linking wave (XX).

Trading plan for ETHUSD today:

Sell 2909.39.

Take profit: 2575.00.

LiteFinance: Short-term forecast for BTCUSD, XRPUSD and ETHUSD 18.02.2022 | LiteFinance

Myanfx-edu does not provide tax, investment or financial services and advice. The information is being presented without consideration of the investment objectives, risk tolerance, or financial circumstances of any specific investor and might not be suitable for all investors.

Go to Register with LiteForex Platform

Financial Trading is not suitable for all investors & involved Risky. If you through with this link and trade we may earn some commission.

Want to Trade Online?

Easy Trading Platform

Copy Experienced Traders

Trade from Your Pocket

Trade with Liteforex

CFD Trading on financial markets carries risks. Before deciding to trade, you need to ensure that you understand the risks involved.