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Elliott wave Ethereum analysis 18.05.2022

The ETHUSD is forming the down motive wave Z as a simple zigzag [A]-[B]-[C], which should soon finish. Wave [C] is developing as an impulse (1)-(2)-(3)-(4)-(5). The market should be forming a deep correction (4) as a double zigzag W-X-Y, which should finish at a level of 2324.00. At the indicated level, wave (4) will retrace impulse (3) by 50%.

Trading plan for ETHUSD today:

Buy 2033.28,

Take profit: 2324.00.

LiteFinance: Short-term forecast for BTCUSD, XRPUSD and ETHUSD 18.05.2022 | LiteFinance




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