$ETH

Dear readers,

I have prepared a short-term forecast for cryptocurrency, Ethereum, based on Elliott wave analysis,

Key points

ETHUSD: It is expected to fall to reach the level of

3,083.00, and it will be appropriate to look for selling opportunities from the current level with setting the

take profit level at 3,083.00.

Ethereum Elliott Wave Analysis

The compound corrective wave (B) has now formed as a double zigzag of waves W, X, and Y inside the Ethereum chart,

The wave (C) is currently developing as an impulsive wave of waves 1, 2, 3, 4, and 5,

The sub-waves 1 and 2 have formed as a forward diagonal and a zigzag,

The rising wave 3 has now formed as an impulsive wave of waves [1], [2], [3], [4]

and [5], and the corrective wave 4 is supposed to be completed as a zigzag of waves

[A], [B], and [C], which is unfolding inside the latest part of the chart, and the corrective wave [B] has completed, and the price is expected to fall soon within wave [C] to reach the bottom level of 3,083.00.

ETHUSD Trading Plan Today:

Sell 3,435.38, Take Profit: 3,083.00.

Copied