Elliott wave Ethereum analysis 22.03.2023

Ethereum continues to develop the final part of the large wave A as the bullish impulse. Now its last sub-wave [5], consisting of sub-waves (1)-(2)-(3)-(4)-(5) is unfolding. The price will rise to the level of 1951.60, where the uptrend will end. At this level, wave [5] will be equal to the previous impulse [3]. After reaching the specified level, expect the price reversal and the start of the correction.

Trading plan for ETHUSD for today:

Buy 1804.57,

Take profit: 1951.60.

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