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Elliott wave Ethereum analysis 22.11.2021

The ETHUSD market is forming the initial part of the new corrective trend as a double zigzag. Within the potential zigzag, the down motive wave (W) has finished. There is developing the linking wave (X) as a simple zigzag A-B-C. The bearish correction B should have finished, so the price should soon be rising in the bullish impulse C towards a level of 4650.00, where wave (X) will be 76.4% of wave (W).

Trading plan for ETHUSD today:

Buy 4170.78, TP 4650.00

LiteForex: Elliott wave analysis BTCUSD, XRPUSD and ETHUSD today (22 November 2021) | LiteForex
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