Elliott wave Ethereum analysis 31.05.2022

The ETHUSD market has completed a long-term downtrend, whose final wave Z is a standard zigzag composed of sub-waves [A], [B], and [C]. Wave [C] has completed as an impulse (1)-(2)-(3)-(4)-(5). There is unfolding upward wave [1] composed of sub-waves 1-2-3-4-5. The Ethereum price should be rising in the bullish impulse to a level of 2440.00, the high marked by correction 4 of a smaller wave degree.

Trading plan for XRPUSD today:

Buy 1967.93,

Take profit: 2440.00.

LiteFinance: Short-term forecast for BTCUSD, XRPUSD and ETHUSD 31.05.2022 | LiteFinance

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