Elliott wave Ethereum analysis 23.11.2021

The ETHUSD market has started a new corrective trend that could be unfolding as a double zigzag. The motive down wave (W) has recently completed. There is forming the linking wave (X) as a simple zigzag A-B-C. The bearish correction B seems to have completed, so the price should be moving in the C impulse towards a level of 4650.00. At this level, wave (X) will be 76.4% of wave (W). One could enter purchases in the current situation.

Trading plan for ETHUSD today:

Buy 4154.96, TP 4650.00

LiteForex: Elliott wave analysis BTCUSD, XRPUSD and ETHUSD today (23 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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