Elliott wave Ethereum analysis 28.04.2022

The ETHUSD market is building a zigzag pattern, within which impulse [A] and bullish correction [B] have been completed. The initial part of a new impulse wave consisting of sub-waves (1)-(2)-(3)-(4)-(5) is unfolding. Recently, the price rose slightly within the correction (2) and then started to decline again. Now the sub-wave (3) is developing. It is expected to end at level 2429.00. At this level, wave (3) will be 161.8% of wave (1). An approximate trajectory of the Ethereum future price movement is outlined in the chart.

Trading plan for ETHUSD today:

Sell 2874.69,

Take profit: 2429.00.

LiteFinance: Short-term forecast for BTCUSD, XRPUSD and ETHUSD 28.04.2022 | LiteFinance

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.

Go to Register with LiteForex Platform

Financial Trading is not suitable for all investors & involved Risky. If you through with this link and trade we may earn some commission.

Want to Trade Online?

Easy Trading Platform

Copy Experienced Traders

Trade from Your Pocket

Trade with Liteforex

CFD Trading on financial markets carries risks. Before deciding to trade, you need to ensure that you understand the risks involved.