Elliott wave Ethereum analysis 22.03.2022

The ETHUSD market is forming the sideways trend as a triangle [A]-[B]-[C]-[D]-[E]. The third leg of the pattern, wave [C], should have completed, and the Ethereum price should be going down in the bearish correction [D], composed of sub-waves (A)-(B)-(C), as outlined in the chart. The first impulse wave could end at a level below the low of 2815.00, marked by correction [4].

Trading plan for ETHUSD today:

Sell 3033.44,

Take profit: 2815.00.

LiteFinance: Short-term forecast for BTCUSD, XRPUSD and ETHUSD 22.03.2022 | LiteFinance — Myanfx-edu does not provide tax, investment or financial services and advice. The information is being presented without consideration of the investment objectives, risk tolerance, or financial circumstances of any specific investor and might not be suitable for all investors.

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