Elliott wave Ethereum analysis 23.08.2022

The ETHUSD chart displays the final part of the large linking wave (X) unfolding as a triple zigzag, this is the motive wave Z. The Z wave could complete as a simple zigzag [A]-[B]-[C]. Correction [B] must have completed as a double combination (W)-(X)-(Y). There is unfolding the bearish wave [C] as an impulse (1)-(2)-(3)-(4)-(5), as outlined in the chart. The potential impulse could finish at a level of 850.00. 

Trading plan for ETHUSD today:

Sell 1611.60,

Take profit: 850.00.

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