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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


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