A bearish simple zigzag [A]-[B]-[C] is forming at the moment, with the first actionary wave [A] completed as a five-wave impulse. The bullish correction [B], which is developing now, can form as a simple zigzag (A)-(B)-(C) at around 3311.00, as shown in the chart. At that level, the size of correction [B] will be 61.8% of impulse [A] as per the Fibo ratios.
Trading plan for ETHUSD for today:
Buy 2998.56,
Take profit: 3311.00.
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