Elliott wave Ethereum analysis

4 de fev. de 2022

The ETHUSD market has been rising since late January. There should be forming the linking wave XX of the global triple zigzag. The XX wave could be developing as a double zigzag [W]-[X]-[Y], with the final sub-wave [Y] unfolding inside. The [Y] wave must be forming as a triple zigzag (W)-(X)-(Y)-(XX)-(Z). The market should be rising in the final sub-wave (Z). The (Z) wave should end at a level of 2875.00, where wave [Y] will be 100% of the [W] wave, according to the Fibonacci retracements.

Trading plan for ETHUSD today:
Buy 2682.87, Take profit: 2875.00.