Elliott wave Ethereum analysis 23.06.2022

The ETHUSD market is forming the linking wave (X) as a triple zigzag W-X-Y-X-Z, with the bearish impulse wave [C] currently forming. The final sub-wave (5) is developing in the [C] impulse. Sub-waves 1-2-3-4 have completed in impulse (5). The Ethereum price should be falling in wave 5 to a level of 870.00, where impulse (5) will be 76.4% of impulse (3).

Trading plan for ETHUSD today:

Sell 1075.16,

Take profit: 870.00.

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