Elliott wave Ethereum analysis 28.11.2022

The ETHUSD market is constructing a bearish zigzag A-B-C, within which the impulse wave A is completed. Now a sideways correction B is unfolding as a double three [W]-[X]-[Y]. The linking wave [X] has recently ended as a double zigzag. Then the market reversed, and the price rose in the final actionary wave [Y]. Wave [Y] may be completed as a zigzag (A)-(B)-(C). This zigzag will end near the high of 1346.56, marked by wave [W].

Trading plan for ETHUSD today:

Buy 1171.49,

Take profit: 1346.56

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