Elliott wave Ethereum analysis 09.12.2021

The ETHUSD market continues forming the bearish double zigzag W-X-Y. The first motive wave W has completed as a simple zigzag. The linking wave X is forming as a zigzag [A]-[B]-[C]. Impulse [A] and correction [B] have completed, and sub-wave (5) should soon conclude the final wave [C]. Therefore, the market will be rising in sub-wave (5) to a level of 4540.00.

Trading plan for ETHUSD today:

Buy 4378.32,

TP 4540.00

LiteFinance: Elliott wave analysis BTCUSD, XRPUSD and ETHUSD today (9 December 2021) | LiteFinance

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