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


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.