EnglishMyanmar (Burmese)

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


Myanfx-edu does not provide tax, investment or financial services and advice. The information is being presented without consideration of the investment objectives, risk tolerance, or financial circumstances of any specific investor and might not be suitable for all investors.

Go to Register with LiteForex Platform

Financial Trading is not suitable for all investors & involved Risky. If you through with this link and trade we may earn some commission.

Want to Trade Online?

Easy Trading Platform

Copy Experienced Traders

Trade from Your Pocket

Trade with Liteforex

CFD Trading on financial markets carries risks. Before deciding to trade, you need to ensure that you understand the risks involved.