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]. Sub-waves (1)-(2)-(3)-(4) have completed within the [C] wave, where correction (4) is a skewed triangle. The market is now declining in sub-wave (5), with the final leg 5 unfolding inside. Wave (5) should end at a level of 1536.00, where it will be 38.2% of the previous impulse (3).
Trading plan for ETHUSD today:
Take profit: 1536.00.