Elliott wave Ethereum analysis 22.09.2022

The ETHUSD market is forming the global double zigzag [W]-[X]-[Y]. The bearish linking wave [X] must have completed as a standard zigzag (A)-(B)-(C). The upward motive wave [Y] is currently developing, and the price should rise to a level of 1800.00. One could enter long trades in the current situation.

Trading plan for ETHUSD today:

Buy 1261.07,

Take profit: 1800.00.

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