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Elliott wave Ethereum analysis 21.03.2022

The ETHUSD market, like the BTCUSD, is forming the middle leg of the large triangle pattern, that is wave [C]. The [C] wave is developing as a double zigzag (W)-(X)-(Y), where wave (Y) is currently unfolding. The (Y) is a simple zigzag A-B-C, which should soon be concluded by the C wave. The market should be rising in the C wave to a level of 3041.00, marked by the motive wave (W).

Trading plan for ETHUSD today:

Buy 2862.42.

Take profit: 3041.00.

LiteFinance: Short-term forecast for BTCUSD, XRPUSD and ETHUSD 21.03.2022 | LiteFinance


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