Elliott wave Ethereum analysis 18.08.2022

The chart shows the upward corrective ETHUSD movement within the large wave [B]. Most likely, this wave will take the shape of a double zigzag (W)-(X)-(Y). The layout of the final actionary wave (Y) reminds a simple A-B-C zigzag pattern. Impulse wave A and bearish correction B in this impulse have been completed. Now the last impulse sub-wave C is under construction. For its completion, sub-waves [3]-[4]-[5] are needed. These sub-waves may unfold up to the level of 2209.00.

Trading plan for ETHUSD today:

Buy 1847.71,

Take profit: 2209.00.

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