Elliott wave Ethereum analysis 07.07.2022

The ETHUSD market continues forming the motive wave Z as a simple zigzag [A]-[B]-[C]. The [C] impulse is currently unfolding, with the final impulse wave (5) developing inside. Sub-waves 1-2-3-4 have completed in wave (5), and the final wave 5 is forming as an ending diagonal [1]-[2]-[3]-[4]-[5]. Wave (5) should end at a level of 870, where it will be 76.4% of impulse (3).

Trading plan for ETHUSD today:

Sell 1166.16,

Take profit: 870.00.

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