Elliott wave Ethereum analysis 13.06.2023

Ethereum is building the final fifth wave (Z) of the triple zigzag [B]. Wave (Z) can take the shape of a standard A-B-C zigzag. Bearish impulse wave C is currently unfolding. A corrective sub-wave [4] is forming inside it. Wave [4] will be completed, taking the shape of a double zigzag (W)-(X)-(Y). Then expect a decline in sub-wave [5] toward 1671.80. At this level, correction [B] will be 61.8% of the previous impulse.

Trading plan for ETHUSD for today:

Sell 1738.78,

Take profit: 1671.80.

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