Elliott wave Ethereum analysis 19.05.2022

The ETHUSD is forming the descending wave [C] as an impulse (1)-(2)-(3)-(4)-(5). The first three legs of the potential impulse have finished, and the price chart is drawing the corrective wave (4) as a double zigzag W-X-Y. The final motive wave Y is currently unfolding and could finish at a level of 2173.00, where wave (4) will be 38.2% of wave (3).

Trading plan for ETHUSD today:

Buy 1950.77,

Take profit: 2173.00.

LiteFinance: Short-term forecast for BTCUSD, XRPUSD and ETHUSD 19.05.2022 | 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.