Elliott wave Ethereum analysis 14.06.2022

The hourly chart displays the second part of the impulse down wave [C] composed of sub-waves (1)-(2)-(3)-(4)-(5). After corrective wave (4) completed as a triangle A-B-C-D-E, the price has been declining in impulse (5). Sub-waves 1-2-3-4 have completed, and the ETHUSD price will be falling in wave 5 to a level of 870.00, where impulse (5) will be 76.4% of impulse (3).

Trading plan for ETHUSD today:

Sell 1143.51,

Take profit: 870.00.

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