Elliott wave Ethereum analysis 22.02.2022

The ETHUSD market continues to form a large triple zigzag W-X-Y-XX-Z. After the completion of the upward corrective linking wave XX, the price began to decline. It is possible that the first leg of a standard zigzag, that is, the impulse [A], is under development at the moment. Wave [A] consists of sub-waves (1)-(2)-(3)-(4)-(5). Now the final part of the subwave (3) is developing. Its completion is expected at level 2355.00. This level was marked by a correction B.

Trading plan for ETHUSD today:

Sell 2522.77.

Take profit: 2355.00.

LiteFinance: Short-term forecast for BTCUSD, XRPUSD and ETHUSD 22.02.2022 | LiteFinance

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