Elliott wave Ethereum analysis  23.03.2022

The ETHUSD is forming a global corrective pattern as a horizontal contracting triangle [A]-[B]-[C]-[D]-[E]. The middle leg of the triangle, upwave [C], must have completed as a double zigzag (W)-(X)-(Y). There should be developing the bearish wave [D] as a simple zigzag (A)-(B)-(C), as outlined in the chart. Today and over the next few days, the Ethereum price should be falling towards the previous low of 2815.00, marked by correction [4], and lower.

Trading plan for ETHUSD today:

Sell 2960.32.

Take profit: 2815.00.

LiteFinance: Short-term forecast for BTCUSD, XRPUSD and ETHUSD 23.03.2022 | LiteFinance

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