Elliott wave Ethereum analysis 26.04.2023

The ETHUSD market continues building the initial part of the bearish correction as a zigzag [A]-[B]-[C]. The first impulse wave [A] is currently unfolding. To complete it, the final part, sub-wave (5), is needed since a sideways correction (4) has been recently completed as a double three. The price will drop to 1733.84. At the indicated level, wave (5) will be 50% of the impulse (3).

Trading plan for ETHUSD for today:

Sell 1867.28,

Take profit: 1733.84.

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