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

Myanfx-edu does not provide tax, investment or financial services and advice. The information is being presented without consideration of the investment objectives, risk tolerance, or financial circumstances of any specific investor and might not be suitable for all investors.

Go to Register with LiteForex Platform

Financial Trading is not suitable for all investors & involved Risky. If you through with this link and trade we may earn some commission

Want to Trade Online?

Easy Trading Platform

Copy Experienced Traders

Trade from Your Pocket

Trade with Liteforex

CFD Trading on financial markets carries risks. Before deciding to trade, you need to ensure that you understand the risks involved.