onestep1999

Elliott wave Ethereum analysis

COINBASE:ETHUSD   Ethereum
The ETHUSD chart displays the middle leg of the large corrective trend unfolding as a triple zigzag. The current chart displays the final part of the motive wave Y and the structure of the linking wave XX. The XX wave must have completed as a double zigzag --. The most recent chart section shows the beginning of the bearish wave unfolding as an impulse. The first sub-wave of the potential impulse must have completed as a leading diagonal. The price should be rising in correction to a level of 3056, where wave will retrace wave by 50%.

Trading plan for ETHUSD today:
Buy 2865.04, Take profit: 3056.00.
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.