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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

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