Elliott wave Ethereum analysis

2 Şub 2022

The ETHUSD market continues rising in the bullish linking wave XX, unfolding as a double combination [W]-[X]-[Y]. The first two sub-waves [W]-[X] look complete. There is forming the motive wave [Y] as a double zigzag (W)-(X)-(Y), with sub-waves (W) and (X) completed and wave (Y) developing inside. The entire wave [Y] could end at a level of 2875.00, where waves [W] and [Y] will be equal according to Fibonacci retracements.

Trading plan for ETHUSD today:
Buy 2757.09, Take profit: 2875.00.