Elliott wave Ethereum analysis 27.04.2022

The Ethereum hourly timeframe shows that the market is building a zigzag pattern, within which impulse [A] and bullish correction [B] has been completed. The initial part of a new impulse wave consisting of sub-waves (1)-(2)-(3)-(4)-(5) is currently unfolding. The price was recently corrected within sub-wave (2) and started to decline again. Possibly, the sub-wave (3) is unfolding, which is expected to end at level 2429.00. At this level, wave (3) will be 161.8% of wave (1).

Trading plan for ETHUSD today:

Sell 2836.07,

Take profit: 2429.00.

LiteFinance: Short-term forecast for BTCUSD, XRPUSD and ETHUSD 27.04.2022 | LiteFinance

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