Elliott wave Ethereum analysis 20.01.2023

Ethereum continues to rise in wave C, which consists of five main sub-waves [1]-[2]-[3]-[4]-[5]. This wave will be completed around the previous high at 2024.38. Now the middle part, impulse [3], is unfolding. The price will rise in the indicated impulse to the level of 1868.00 and then decline in correction [4], as shown in the chart. In the current situation, consider opening long trades.

Trading plan for ETHUSD for today:

Buy 1545.71,
Take profit: 1868.00.

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