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Ethereum ETH/USD Elliott Wave Analysis - 17th Aug 2022

 Ethereum 1H Elliottwave Chart :

Ethereum ETH/USD Elliottwave chart


I have counted the waves from Low 880 as shown in the chart

Wave 1 is normal and wave 2 was flat & deep correction.

Wave 3 was more than 161.8 % (1st )

Wave 4 was 23.6% (3rd)

Forecast 5th Wave:

Sub-waves of 5th wave as 12345

As shown in the chart sub-waves 1,2,3 is almost completed.
sub-wave 4 is unfolding.

So where we should enter? Price at 1875 

Any Buy at this level should have Stoploss, top of sub-wave 1 at 1818 and target towards 2000/2100

If the price break below 1818, we have to count again. 


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