Elliott wave Ethereum analysis 17.02.2023

ETHUSD completed the linking wave [X]. 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]. In the current situation, consider opening short trades in order to take profit at the beforementioned level.

Trading plan for ETHUSD for today:

Sell 1655.35,
Take profit: 1461.55.

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