Elliott wave Ethereum analysis 18.01.2023

ETHUSD market shows impulsive growth within wave C, consisting of five main sub-waves [1]-[2]-[3]-[4]-[5]. This wave will be completed around the previous high at 2024.38. Currently, the middle part, impulse [3], is unfolding. The price will rise in the indicated impulse to the level of 1856.00 and then decline in correction [4], as shown in the chart.

Trading plan for ETHUSD for today:

Buy 1568.18,
Take profit: 2024.38







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