Elliott Wave analysis for Ethereum 28.12.2021

The ETHUSD crypto pair is forming the middle part of a double zigzag W-X-Y — linking wave X. Its inner structure looks like a double zigzag [W]-[X]-[Y]. The first two waves [W] and [X] have already formed, whereas the ultimate wave [Y] is still unfolding. It is probably developing as a double zigzag (W)-(X)-(Y), where the ultimate sub-wave (Y) can also be a double zigzag W-X-Y of a smaller degree. The pair will most likely continue rising in the next few days and stop near level 4495.50.

Trading plan for ETHUSD for today:

Buy 4059.10, 

TP 4495.50

LiteFinance: Elliott Wave analysis for BTCUSD, XRPUSD, and ETHUSD for today (28 December 2021) | LiteFinance

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