Elliott wave Ethereum analysis
ETH/USD COINBASE:ETHUSD
The ETHUSD market continues to form a large triple zigzag W-X-Y-XX-Z. After the completion of the upward corrective linking wave XX , the price began to decline. It is possible that the first leg of a standard zigzag , that is, the impulse , is under development at the moment. Wave consists of sub-waves (1)-(2)-(3)-(4)-(5). Now the final part of the subwave (3) is developing. Its completion is expected at level 2355.00. This level was marked by a correction B.
Trading plan for ETHUSD today:
Sell 2522.77, Take profit: 2355.00.
