Elliott wave Ethereum analysis 03.08.2022

The ETHUSD market is forming the bullish correction [B] as a simple zigzag (A)-(B)-(C), with the final impulse wave (C) forming inside. Sub-waves 1-2-3-4 must have completed in the (C) impulse. Correction 4 is a double zigzag [W]-[X]-[Y]. The Ethereum price should be rising in the final fifth wave to a level of 1828.00, where wave 5 will be 38.2% of impulse 3.

Trading plan for ETHUSD today:

Buy 1649.94,

Take profit: 1828.00.

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