Elliott wave Ethereum analysis 17.06.2022

The ETHUSD is forming the final part of the impulse wave [C], unfolding as a bearish impulse (1)-(2)-(3)-(4)-(5). The horizontal correction (4) has finished as a triangle A-B-C-D-E. The bearish sub-wave (5) is unfolding as an impulse 1-2-3-4-5, with the final wave 5 developing inside. Wave 5 should end at a level of 870.00, where wave (5) will be 76.4% of wave (4).

Trading plan for ETHUSD today:

Sell 1050.74,

Take profit: 870.00.

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