Elliott wave Ethereum analysis 14.07.2022

The ETHUSD market continues forming the down linking wave (X) as a triple zigzag W-X-Y-X-Z. The hourly timeframe displays the structure of the final impulse sub-wave [C] of the zigzag-shaped wave Z. Sub-waves (1)-(2)-(3)-(4) have completed in the [C] impulse, and the final sub-wave (5) is developing with correction 4 finished inside. The Ethereum price should be declining in the final sub-wave 5 to the previous low of 875.00.

Trading plan for ETHUSD today:

Sell 1103.40,

Take profit: 875.00.

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