Elliott wave Ethereum analysis  25.07.2022

The linking wave (X) continues forming, with the motive wave Z unfolding inside as a standard zigzag [A]-[B]-[C]. There should be forming the upward zigzag-shaped correction [B] that could end at a level of 1765.00. At the indicated level, the fifth wave of the bullish impulse wave (C) will be 50% of impulse 3. One could enter buy positions in the current situation.

Trading plan for ETHUSD today:

Buy 1519.83,

Take profit: 1765.00.

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