Elliott wave Ethereum analysis 04.20.2023

The price continues to fall, so there is a possibility that impulse wave A has already been completed. Now the initial part of the bearish correction B is unfolding. The first part of the potential zigzag [A]-[B]-[C], that is, the impulse wave [A], is under construction now. Sub-waves (1)-(2) have already been completed. Price is declining in impulse (3) to a low of 1850.99, marked by triangle correction (4). An approximate trajectory of the future price movement is outlined in the chart.

Trading plan for ETHUSD for today:

Sell 1953.39,

Take profit: 1850.99

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