Elliott wave Ethereum analysis 21.01.2022

The down wave Y continues forming as an element of the triple zigzag of a larger degree. The Y wave is unfolding as a simple zigzag [A]-[B]-[C], with the descending wave [C] developing as an impulse (1)-(2)-(3)-(4)-(5) inside. Corrective wave (4) must have completed as a horizontal double three W-X-Y. The price is declining in sub-wave (5), which should end at a level of 2700.00. Next, the price could start rising in the linking wave XX.

Trading plan for ETHUSD today:

Sell 2852.72, Take profit: 2700.00.

LiteFinance: Short-term forecast for BTCUSD, XRPUSD and ETHUSD 21.01.2022 | LiteFinance

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