Elliott wave Ethereum analysis 18.08.2022

The chart shows the upward corrective ETHUSD movement within the large wave [B]. Most likely, this wave will take the shape of a double zigzag (W)-(X)-(Y). The layout of the final actionary wave (Y) reminds a simple A-B-C zigzag pattern. Impulse wave A and bearish correction B in this impulse have been completed. Now the last impulse sub-wave C is under construction. For its completion, sub-waves [3]-[4]-[5] are needed. These sub-waves may unfold up to the level of 2209.00.

Trading plan for ETHUSD today:

Buy 1847.71,

Take profit: 2209.00.







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.