Elliott wave Ethereum analysis 03.05.2023

Bearish correction [B] is unfolding as a standard zigzag (A)-(B)-(C). The first impulse wave (A) has already been completed. Soon expect the development of correction (B), more precisely, its final impulse wave C. The price will rise to the high of A in impulse C, namely to the level of 1963.00. Then the decline will continue inside (C) to 1672.00. At this level, wave [B] will be 61.8% of wave [A].

Trading plan for ETHUSD for today:

Sell 1860.81,
Take profit: 1672.00

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