Elliott wave Ethereum analysis 20.06.2022

The ETHUSD market continues forming the final part of the long-term wave [C] as a bearish impulse (1)-(2)-(3)-(4)-(5). Correction (4) completed as a horizontal triangle A-B-C-D-E. At the time of writing, there is forming the bearish sub-wave (5) as a simple impulse 1-2-3-4-5, with the final sub-wave 5 developing inside. The entire pattern should end at a level of 870.00, where wave (5) will be 76.4% of wave (4).

Trading plan for ETHUSD today:

Sell 1060.21,

Take profit: 870.00.

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