Elliott wave Ethereum analysis
The ETHUSD market completed the upward linking wave XX, and there is forming a new bearish wave as an impulse. The first two sub-waves of the impulse [1] and [2] have completed. Corrective wave [2] is a double zigzag, it has retraced wave [1] by 76.4%. The large wave [3] is to start unfolding soon, as outlined in the chart. The first target for sell trades is the low of 2827.00, marked by the leading diagonal [1].
Trading plan for ETHUSD today:
Sell 3072.55, Take profit: 2827.00.
Trading plan for ETHUSD today:
Sell 3072.55, Take profit: 2827.00.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.