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Elliott Wave analysis for Ethereum 15.08.2022

A bullish correction [B] is developing for the ETHUSD crypto pair in the form of a double zigzag (W)-(X)-(Y). The price is currently growing in the final actionary wave (Y). That wave can come to its end soon as a regular zigzag A-B-C. The bullish wave C is currently unfolding as a five-wave impulse [1]-[2]-[3]-[4]-[5], as shown in the chart. That impulse can end at around 2209.00, where the size of correction [B] will be 50% of the impulse [A]. 

Trading plan for ETHUSD for today:

Buy 1966.34,

Take profit: 2209.00.






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