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 — Myanfx-edu does not provide tax, investment or financial services and advice. The information is being presented without consideration of the investment objectives, risk tolerance, or financial circumstances of any specific investor and might not be suitable for all investors.

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