Elliott wave Ethereum analysis 22.12.2021

The ETHUSD market is forming the linking wave X as an element of the bearish double zigzag. The X wave is developing as a double zigzag [W]-[X]-[Y]. The down linking wave [X] could have completed as a triple zigzag (W)-(X)-(Y)-(XX)-(Z), so 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 of 4495.52, marked by the [W] wave. One could enter purchases in the current situation.

Trading plan for ETHUSD today:

Buy 4044.64,

TP 4495.52

LiteFinance: Elliott wave analysis BTCUSD, XRPUSD and ETHUSD today (22 December 2021) | LiteFinance

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