Elliott wave Ethereum analysis 22.02.2023

The most recent chart section displays the formation of an upward impulse wave [5], which is the final in a larger impulse A. Corrective sub-wave (4), which has a sideways structure, has been completed as a double three W-X-Y. Soon the price will grow within the sub-wave (5) towards the price level 1808.63. At this level, impulse [5] will reach the 61.8% Fibonacci level of the impulse [3].

Trading plan for ETHUSD for today:

Buy 1641.03,

Take profit: 1808.63.






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