Elliott wave Ethereum analysis 13.01.2023

Large corrective wave B has been completed as a double zigzag [W]-[X]-[Y]. The last section of the chart shows a market reversal. The price will decline, forming an impulse wave C. The low of 1235.00, marked by wave X, serves as the first downside target. After reaching this level, the ETH will continue falling.

Trading plan for ETHUSD for today:

Sell 1411.40,

Take profit: 1235.00.

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