The hourly ETHUSD chart displays the descending double zigzag W-X-Y currently unfolding. The first motive wave W has completed as a simple zigzag [A]-[B]-[C]. There is unfolding the linking wave X as a double zigzag [W]-[X]-[Y]. The linking down wave [X] must have completed as a double zigzag (W)-(X)-(Y). Therefore, the Ethereum price should be rising in wave [Y] to the previous high of 4500.00.
Trading plan for ETHUSD today:
Buy 3770.81,
TP 4500.00
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