Elliott wave Ethereum analysis 21.12.2021

The ETHUSD is forming the middle leg of the bearish double zigzag, the linking wave X, as a double zigzag [W]-[X]-[Y]. The price should have finished declining in the linking wave [X] completed as a triple zigzag (W)-(X)-(Y)-(XX)-(Z). Therefore, the price should be rising in the initial part of the final motive wave [Y]. Wave [Y] could be unfolding as a simple zigzag, whose first impulse wave (A) should end at a level around the high of 4495.52, marked by wave [W].

Trading plan for ETHUSD today:

Buy 4030.42,

TP 4495.52

LiteFinance: Elliott wave analysis BTCUSD, XRPUSD and ETHUSD today (21 December 2021) | LiteFinance

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