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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


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