Elliott wave Ethereum analysis 03.02.2022

The ETHUSD market is forming the upward linking wave XX, whose final sub-wave [Y] could be developing as a triple zigzag (W)-(X)-(Y)-(XX)-(Z). The first four legs of the pattern must have completed. There should be developing the final sub-wave (Z). The (Z) wave should end at a level of 2875.00, where wave [Y] will be 100% of the [W] wave, according to the Fibonacci retracements. 

Trading plan for ETHUSD today:

Buy 2647.51.

Take profit: 2875.00.

LiteFinance: Short-term forecast for BTCUSD, XRPUSD and ETHUSD 03.02.2022 | LiteFinance

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