Elliott wave Ethereum analysis 16.06.2022

The ETHUSD continues falling. In the linking wave (X), the final impulse wave [C] is unfolding, with the final, fifth, sub-wave developing inside. Sub-waves 1-2-3-4 must have completed within wave (5), and the market should be moving in wave 5 down to a level of 870.00, where wave, where impulse (5) will be 76.4% of impulse (3).

Trading plan for ETHUSD today:

Sell 1235.28,

Take profit: 870.00.







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