The ETHUSD market is forming the large descending linking wave (X) as a triple zigzag, with the final motive wave Z developing inside. Wave Z should soon finish as a standard zigzag [A]-[B]-[C]. There is unfolding the bearish impulse wave [C]. The sideways correction (4) has recently completed as a skewed triangle. The market is now declining in sub-wave (5), where sub-waves 1-2-3-4 have completed. The price should be moving down in the final wave 5 to a level of 1520.00, where wave (5) will be 38.2% of the previous impulse (3).
Trading plan for ETHUSD today:
Sell 1750.35,
Take profit: 1520.00.
Myanfx-edu does not provide tax, investment or financial services and advice. The information is being presented without consideration of the investment objectives, risk tolerance, or financial circumstances of any specific investor and might not be suitable for all investors.
Go to Register with LiteForex Platform
Financial Trading is not suitable for all investors & involved Risky. If you through with this link and trade we may earn some commission.
