Elliott wave Ethereum analysis 29.04.2022

The ETHUSD market is developing a downtrend. Possibly, a bearish zigzag [A]-[B]-[C] is now unfolding, which has already completed sub-waves [A]-[B], an impulse and a zigzag. Now the last impulse wave [C] is developing. Most likely, sub-waves (1) and (2) have been completed. In the near future, the price may fall within the impulse sub-wave (3), towards level 2403.24, as shown on the chart. At this level, wave (3) will be 161.8% of wave (1).

Trading plan for ETHUSD today:

Sell 2907.10,

Take profit: 2403.24.

LiteFinance: Short-term forecast for BTCUSD, XRPUSD and ETHUSD 29.04.2022 | LiteFinance

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