Elliott wave Ethereum analysis 25.11.2022

The ETHUSD market is constructing a bearish A-B-C zigzag. Impulse wave A has been completed. Now sideways correction B is unfolding as a double zigzag [W]-[X]-[Y]. Recently a linking wave [X] has been completed as a double zigzag. After that, the market reversed, and growth in the final actionary wave [Y] began. Wave [Y] may take the shape of zigzag (A)-(B)-(C). It is expected to end around level 1346.56.

Trading plan for ETHUSD today:

Buy 1173.47,

Take profit: 1346.56.

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