Elliott wave Ethereum analysis 23.05.2022

The ETHUSD is forming the descending wave [C] as an impulse (1)-(2)-(3)-(4)-(5). The first three legs of the potential impulse have finished, and the price chart is drawing the corrective wave (4) as a double zigzag W-X-Y. The final motive wave Y is currently unfolding and could drive the Ripple price up to a level of 2173.00, where wave (4) will be 38.2% of wave (3).

Trading plan for ETHUSD today:

Buy 2026.43,

Take profit: 2173.00.

LiteFinance: Short-term forecast for BTCUSD, XRPUSD and ETHUSD 23.05.2022 | LiteFinance

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