Elliott wave Ethereum analysis  02.08.2022

The ETHUSD market is forming a large triple zigzag W-X-Y-XX-Z, with the final motive wave Z developing inside as a standard zigzag [A]-[B]-[C]. The price is now rising in corrective wave [B] unfolding as a simple zigzag (A)-(B)-(C). The price could rise in sub-wave 5 to a level of 1808.00, where wave 5 will be 76.4% of the previous impulse wave 3.

Trading plan for ETHUSD today:

Buy 1638.77,

Take profit: 1808.00.

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