Elliott wave Ethereum analysis 26.01.2022

The ETHUSD market has completed the descending motive wave Y, and the price is now rising. There must be forming the bullish motive wave XX as a double zigzag [W]-[X]-[Y]. The first sub-wave [W] of the potential zigzag must have finished. Over the next few days, sub-waves [X]-[Y] should be unfolding, as outlined in the chart. The linking wave XX should be complete at the level of 2895.00.

Trading plan for ETHUSD today:

Buy 2488.19.

Take profit: 2895.00.

LiteFinance: Short-term forecast for BTCUSD, XRPUSD and ETHUSD 26.01.2022 | 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.