Elliott wave Ethereum analysis 18.11.2022

A downward wave is unfolding as an impulse marked by sub-waves [1]-[2]-[3]-[4]-[5] in the Ethereum market. The first three parts of the beforemntioned impulse are completed. Now correction [4] is unfolding. This correction may be completed as a double zigzag (W)-(X)-(Y), where sub-waves (X) and (Y) are also double zigzags, composed of sub-waves W-X-Y. Shortly, the price is expected to rise within the last actionary sub-wave Y towards the level of 1346.56.

Trading plan for ETHUSD today:

Buy 1221.72,

Take profit: 1346.56.

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