Elliott wave Ethereum analysis 24.01.2022

The ETHUSD market is forming a corrective complex pattern as a triple zigzag W-X-Y-XX-Z. There is developing the bearish motive wave Y as a simple zigzag [A]-[B]-[C], with the final impulse wave [C] developing inside. Wave [C] is composed of five sub-waves of a smaller degree (1)-(2)-(3)-(4)-(5), and wave (5), namely its final sub-wave 5, is currently forming. The market should be declining in sub-wave 5 to a level of 2200.00.

Trading plan for ETHUSD today:

Sell 2493.88.

Take profit: 2200.00.

LiteFinance: Short-term forecast for BTCUSD, XRPUSD and ETHUSD 24.01.2022 | 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.