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Elliott wave Ethereum analysis 20.01.2022

The ETHUSD market is forming the down wave Y, which is an element of the triple zigzag of a larger degree. Wave Y must be unfolding as a simple zigzag [A]-[B]-[C], with the final wave [C] developing as an impulse (1)-(2)-(3)-(4)-(5) inside. There could be forming correction (4) as a zigzag A-B-C. The final leg of the zigzag, sub-wave C, could finish at a level of 3414.93, marked by the impulse sub-wave A.

Trading plan for ETHUSD today:

Buy 3122.10, Take profit: 3414.93.

LiteFinance: Short-term forecast for BTCUSD, XRPUSD and ETHUSD 20.01.2022 | LiteFinance

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