Elliott wave Ethereum analysis 19.01.2023

ETHUSD price should be rising within wave C, which consists of five main sub-waves [1]-[2]-[3]-[4]-[5]. Wave C will be completed around the previous high at 2024.38. Now its middle part, impulse [3], is unfolding. The price will rise in the above impulse to the level of 1856.00 and then decrease in correction [4] as shown in the chart.

Trading plan for ETHUSD for today:

Buy 1526.96,
Take profit: 1856.00

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