Elliott wave Ethereum analysis 16.01.2023

The ETHUSD market is building a linking wave [X]. It is expected to end as double zigzag (W)-(X)-(Y). The actionary wave (Y) is a standard A-B-C zigzag. Impulse A and correction B have been completed, while the last impulse sub-wave C is still unfolding. Soon, the price growth is expected in sub-waves [3]-[4]-[5] towards the level of 2024.38.

Trading plan for ETHUSD for today:

Buy 1571.00,
Take profit: 2024.38.

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