Elliott wave Ethereum analysis 16.02.2023

Over the past 24 hours, the Ethereum price has reached a maximum A. Wave [X] has been completed. Soon expect downward movement and development of a new bearish sub-wave [Y]. The indicated wave will end near the low of 1461.55, marked by the first actionary wave [W]. When a bearish trend is confirmed, consider opening short trades.

Trading plan for ETHUSD for today:

Sell 1691.79,

Take profit: 1461.55.

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