Elliott wave Ethereum analysis 14.12.2021

The hourly ETHUSD chart displays the descending double zigzag W-X-Y currently unfolding. The first motive wave W has completed as a simple zigzag [A]-[B]-[C]. There is unfolding the linking wave X as a double zigzag [W]-[X]-[Y]. The linking down wave [X] must have completed as a double zigzag (W)-(X)-(Y). Therefore, the Ethereum price should be rising in wave [Y] to the previous high of 4500.00.

Trading plan for ETHUSD today:

Buy 3770.81,

TP 4500.00

LiteFinance: Elliott wave analysis BTCUSD, XRPUSD and ETHUSD today (14 December 2021) | LiteFinance

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