Elliott wave Ethereum analysis 23.03.2023

The ETHUSD market continues constructing 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 beginning of the correction.

Trading plan for ETHUSD for today:

Buy 1739.72,

Take profit: 1951.60.






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