Elliott wave Ethereum analysis 14.03.2023

In the long term, Ethereum may form a downward zigzag [A]-[B]-[C] inside correction B. An upward correction [B] has been completed as a standard zigzag (A)-(B)-(C). After the end of the impulse growth in the final sub-wave (C), the market may reverse and start building a bearish wave [C]. It can take the shape of either the impulse or the ending diagonal. Wave [C] will end at 1328.00, where it will be equal to the first impulse [A].

Trading plan for ETHUSD for today:

Sell 1674.22,
Take profit: 1328.00.

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