Elliott wave Ethereum analysis 22.03.2022

The ETHUSD market is forming the sideways trend as a triangle [A]-[B]-[C]-[D]-[E]. The third leg of the pattern, wave [C], should have completed, and the Ethereum price should be going down in the bearish correction [D], composed of sub-waves (A)-(B)-(C), as outlined in the chart. The first impulse wave could end at a level below the low of 2815.00, marked by correction [4].

Trading plan for ETHUSD today:

Sell 3033.44,

Take profit: 2815.00.

LiteFinance: Short-term forecast for BTCUSD, XRPUSD and ETHUSD 22.03.2022 | LiteFinance

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