Elliott wave Ethereum analysis 21.07.2022

The ETHUSD continues forming the final part of the impulse bearish wave [C], with correction (4) completed inside as a double zigzag W-X-Y. If the presumption is correct, the price should be declining in sub-wave (5) to a level of 875.00, the previous low marked by impulse wave (3).

Trading plan for ETHUSD today:

Sell 1536.08,

Take profit: 875.00.

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