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Elliott wave Ethereum analysis 17.12.2021

The ETHUSD market is forming the initial part of the larger double zigzag W-X-Y. The first motive wave W has completed as a simple zigzag [A]-[B]-[C]. Next, the market has started rising in the corrective linking wave X unfolding as a double zigzag [W]-[X]-[Y], which should be concluded by the [Y] wave unfolding as a standard zigzag (A)-(B)-(C), as outlined in the chart. The Ripple price should be rising in the [Y] wave to the previous high of 4500.00.

Trading plan for ETHUSD today:

Buy 3957.38,

TP 4500.00

LiteFinance: Elliott wave analysis BTCUSD, XRPUSD and ETHUSD today (17 December 2021) | LiteFinance


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