Elliott wave Ethereum analysis 19.07.2022

The ETHUSD continues forming the linking wave (X), with the final wave Z developing inside as a standard zigzag. Bearish impulse wave [C] must be unfolding within the Z wave. Correction (4) of [C] must have completed as a double zigzag W-X-Y. The Ethereum price should be falling in sub-wave (5) to a low of 875.00.

Trading plan for ETHUSD today:

Sell 1599.25,

Take profit: 875.00.

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