Elliott wave Ethereum analysis 15.07.2022

The ETHUSD market is forming a large zigzag-shaped wave Z as a part of the linking wave (X). Wave Z is composed of sub-waves [A]-[B]-[C], with sub-waves [A]-[B] completed inside. There is unfolding the impulse down wave [C], with corrective wave (4) completed inside as a double zigzag W-X-Y. Wave (5) is currently developing as an ending diagonal 1-2-3-4-5, which should end at a level of 875.00.

Trading plan for ETHUSD today:

Sell 1192.19,

Take profit: 875.00.

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