Elliott wave Ethereum analysis 06.12.2021

The ETHUSD market has completed the upward wave (W), which is the first leg of the large double or triple zigzag. There is unfolding the descending counter wave as a double zigzag W-X-Y. The motive wave W seems to have completed as a zigzag [A]-[B]-[C]. There is developing the linking wave X, which could also be a zigzag [A]-[B]-[C], as outlined in the chart. The X wave could end at a level of 4540.00, where it will be 76.4% of wave W.

Trading plan for ETHUSD today:

Buy 4177.76, 

TP 4540.00

LiteFinance: Elliott wave analysis BTCUSD, XRPUSD and ETHUSD today (6 December 2021) | LiteFinance

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