Elliott wave Ethereum analysis 01.02.2022

After the descending motive wave Y completed, the Ethereum price has been rising. There should be forming the bullish linking wave XX as a double combination [W]-[X]-[Y]. The first two sub-waves [W]-[X] seem to have completed. The motive wave [Y] is currently unfolding as a double zigzag (W)-(X)-(Y), (W) and (X) completed and sub-wave (Y) developing inside. Wave [Y] could finish at a level of 2875.00, where waves [Y] and [W] will be equal.

Trading plan for ETHUSD today:

Buy 2745.30.

Take profit: 2875.00.

LiteFinance: Short-term forecast for BTCUSD, XRPUSD and ETHUSD 01.02.2022 | LiteFinance

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