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

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.