Elliott wave Ethereum analysis  12.07.2022

The ETHUSD market is forming the impulse wave [C] as an impulse (1)-(2)-(3)-(4)-(5). Corrective wave (4) has recently completed as a double zigzag W-X-Y. Wave (5) is currently developing as an impulse. The market will be moving in sub-waves 3-4-5, to a level of 875.00, as outlined in the chart.

Trading plan for ETHUSD today:

Sell 1086.27,

Take profit: 875.00.

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