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Elliott wave Ethereum analysis 31.01.2022

The ETHUSD market has finished the down motive wave Y, and the price is moving up. There must be forming the bullish linking wave XX as a double combination [W]-[X]-[Y]. The first two sub-waves [W]-[X] look complete, and the motive wave [Y] is unfolding as a double zigzag (W)-(X)-(Y). The [Y] should end at a level of 2875.00, where it will be equal to the [W] wave. One could enter purchases in the current situation.

Trading plan for ETHUSD today:

Buy 2497.36.

Take profit: 2875.00.

LiteFinance: Short-term forecast for BTCUSD, XRPUSD and ETHUSD 31.01.2022 | LiteFinance

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