Elliott wave Ethereum analysis 11.05.2023

The ETHUSD market is developing a corrective wave [B] as a standard zigzag. The most recent chart section displays the construction of its last wave (C). Wave (C) will take the shape of a standard impulse 1-2-3-4-5 as shown in the chart. The price may fall to 1672.00. At this level, wave [B] will be 61.8% of the impulse [A].

Trading plan for ETHUSD for today:

Sell 1826.59,

Take profit: 1672.00.

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