Elliott wave Ethereum analysis 25.01.2022

The ETHUSD market continues forming a complex pattern, a triple zigzag W-X-Y-XX-Z. The market must have completed the bear impulse wave [C], which concluded the motive wave Y of a large degree. The price has turned up and started rising. There could be forming the linking wave XX. The market could soon break through the high of 2550.38, marked by correction 4. One could enter purchases in the current situation.

Trading plan for ETHUSD today:

Buy 2380.21.

Take profit: 2550.38.

LiteFinance: Short-term forecast for BTCUSD, XRPUSD and ETHUSD 25.01.2022 | 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.