Elliott wave Ethereum analysis 08.09.2022

The ETHUSD market is forming the bearish linking wave (X) as a triple zigzag W-X-Y-X-Z, with the final motive wave Z developing inside as a simple zigzag [A]-[B]-[C]. The final bearish wave [C] is unfolding as an impulse (1)-(2)-(3)-(4)-(5). The first two sub-waves of the impulse must have completed, and the price should be falling in sub-wave (3) to a level of 850.00. 

Trading plan for ETHUSD today:

Sell 1624.40,

Take profit: 850.00.

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