Elliott wave Ethereum analysis 25.02.2022

After completing the linking wave XX, the ETHUSD market began to decline as part of the down wave [A]. The linking wave consists of five sub-waves (1)-(2)-(3)-(4)-(5). Recently, the price stopped declining in impulse (3). Then a correction began in the bullish wave (4). Wave (4) is expected to be completed at level 2755.00. This is the high, which was marked by the corrective sub-waves [4] and 4. In the current situation, it is profitable to consider entering purchases.

Trading plan for ETHUSD today:

Buy 2621.87.

Take profit: 2755.00.

LiteFinance: Short-term forecast for BTCUSD, XRPUSD and ETHUSD 25.02.2022 | LiteFinance

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