Elliott wave Ethereum analysis 26.05.2022

The ETHUSD market is forming the final leg of a large bearish zigzag [A]-[B]-[C], wave [C], as a descending impulse composed of five sub-waves (1)-(2)-(3)-(4)-(5). Сorrection (4) is currently developing as a double zigzag W-X-Y. The final motive wave Y is unfolding as a triple zigzag [W]-[X]-[Y]-[X]-[Z]. Correction (4) should finish at a level of 2173.00, where it will be 38.2% of wave (3). One could consider entering long trades in the current situation. 

Trading plan for ETHUSD today:

Buy 1930.66,

Take profit: 2173.00.

LiteFinance: Short-term forecast for BTCUSD, XRPUSD and ETHUSD 26.05.2022 | LiteFinance

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