The Ethereum market continues building a bearish A-B-C zigzag. The first part, impulse wave A, has been completed. Sideways correction B is unfolding as a double three [W]-[X]-[Y]. Linking wave [X] has recently been completed as a double zigzag. Then the market reversed and growth in the final actionary wave [Y] began. Wave [Y] may take the shape of a zigzag (A)-(B)-(C). This zigzag is expected to end near the high of 1346.56 marked by the wave [W].
Trading plan for ETHUSD today:
Take profit: 1346.56.