Elliott wave Ethereum analysis

15 Des 2021

The ETHUSD market is forming the descending double zigzag W-X-Y, with the first motive wave W completed inside as a simple zigzag [A]-[B]-[C]. There is developing the linking wave X as a double zigzag [W]-[X]-[Y]. The linking down wave [X] must have completed as a double zigzag (W)-(X)-(Y). Therefore, the Ethereum price should be rising in the final motive wave [Y] to a level of 4500.00, marked by the motive wave [W].

Trading plan for ETHUSD today:
Buy 3870.99, TP 4500.00