Elliott wave Ethereum analysis 23.11.2021

The ETHUSD market has started a new corrective trend that could be unfolding as a double zigzag. The motive down wave (W) has recently completed. There is forming the linking wave (X) as a simple zigzag A-B-C. The bearish correction B seems to have completed, so the price should be moving in the C impulse towards a level of 4650.00. At this level, wave (X) will be 76.4% of wave (W). One could enter purchases in the current situation.

Trading plan for ETHUSD today:

Buy 4154.96, TP 4650.00

LiteForex: Elliott wave analysis BTCUSD, XRPUSD and ETHUSD today (23 November 2021) | LiteForex

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