Elliott wave Ethereum analysis 08.07.2022

The ETHUSD continues forming the final motive wave Z of the triple zigzag of a larger degree. The Z wave is forming as a standard zigzag with the final impulse wave [C] developing inside. The first four sub-waves have completed, and the final fifth sub-wave is still unfolding. The market has completed correction 4 as a double zigzag and the Ethereum price should be falling in sub-wave 5 to a level of 870.00.

Trading plan for ETHUSD today:

Sell 1254.83,

Take profit: 870.00.

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