Elliott Wave analysis for Ethereum

24 Des 2021

Ethereum is forming the second wave of a global double zigzag — linking wave X. Its complex structure includes sub-waves [W]-[X]-[Y]. Sub-waves [W]-[X] are probably fully formed. The ultimate actionary wave [Y] is currently developing and may form as a simple zigzag (A)-(B)-(C). There's a chance that the price will rise in impulse wave (C) to the level of 4495.50 marked by wave [W]. Then the market may reverse and start dropping in wave Y.

Trading plan for ETHUSD for today:
Buy 4087.80, TP 4495.50