Elliott wave Ethereum analysis 21.11.2022

The Ethereum market is building a bearish A-B-C zigzag. At the moment, the first impulse sub-wave A looks completed. Correction B is currently unfolding. It may end as a double zigzag [W]-[X]-[Y], where the linking wave [X] is a zigzag (W)-(X)-(Y). Soon expect growth within the last actionary sub-wave [Y] towards the level of 1346.56, the previous high.

Trading plan for ETHUSD today:

Buy 1130.84,

Take profit: 1346.56.

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