Elliott wave Ethereum analysis 08.02.2022

The ETHUSD market is forming the upward linking wave XX as a double zigzag [W]-[X]-[Y], with the final motive wave [Y] developing inside. The [Y] wave is unfolding as a triple zigzag, composed of sub-waves (W)-(X)-(Y)-(XX)-(Z). The Ethereum price should be rising in the final sub-wave (Z) to a level of 3300.00. One could enter buy trades in the current situation.

Trading plan for ETHUSD today:

Buy 3168.71.

Take profit: 3300.00.

LiteFinance: Short-term forecast for BTCUSD, XRPUSD and ETHUSD 08.02.2022 | LiteFinance

Myanfx-edu does not provide tax, investment or financial services and advice. The information is being presented without consideration of the investment objectives, risk tolerance, or financial circumstances of any specific investor and might not be suitable for all investors.

Go to Register with LiteForex Platform

Financial Trading is not suitable for all investors & involved Risky. If you through with this link and trade we may earn some commission.

Want to Trade Online?

Easy Trading Platform

Copy Experienced Traders

Trade from Your Pocket

Trade with Liteforex

CFD Trading on financial markets carries risks. Before deciding to trade, you need to ensure that you understand the risks involved.