Elliott wave Ethereum analysis 16.12.2021

The ETHUSD market is forming the descending double zigzag W-X-Y, with the first motive wave W completed inside as a simple zigzag [A]-[B]-[C]. There is unfolding the linking wave X as a double zigzag [W]-[X]-[Y]. The descending linking wave [X] must have completed as a double zigzag (W)-(X)-(Y). Therefore, the price should be rising in the [Y] to the previous high of 4500.00.

Trading plan for ETHUSD today:

Buy 4015.21,

TP 4500.00

LiteFinance: Elliott wave analysis BTCUSD, XRPUSD and ETHUSD today (16 December 2021) | LiteFinance


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