Elliott wave Ethereum analysis 04.05.2023

The ETHUSD market is constructing a correction as a standard zigzag (A)-(B)-(C). The first impulse wave (A) has already been completed inside the above-mentioned zigzag. Correction (B), more precisely, its final impulse wave C, is currently unfolding. Within impulse C, the price will rise to the high of A, at 1963.00, and then fall inside (C) to 1672.00. At this level, wave [B] will be 61.8% of wave [A].

Trading plan for ETHUSD for today:

Sell 1898.58,
Take profit: 1672.00

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