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Elliott wave Ethereum analysis 02.12.2021

The downtrend is developing as a double zigzag, as it is clear from the ETHUSD chart. The linking wave (X) has recently completed as a double zigzag W-X-Y. The Ethereum price should be declining in the final motive wave (Y), unfolding as a simple zigzag A-B-C, as outlined in the chart. The first impulse wave could end at a level around 4320.00, marked by correction 4. One could enter sell trades in the current situation.

Trading plan for ETHUSD today:

Sell 4546.01,

 TP 4320.00

LiteFinance: Elliott wave analysis BTCUSD, XRPUSD and ETHUSD today (2 December 2021) | LiteFinance

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