Elliott wave Ethereum analysis  26.08.2022

The ETHUSD market continues forming the final leg of the large zigzag [A]-[B]-[C]; this is the [C] wave. The [C] wave is unfolding as a simple impulse (1)-(2)-(3)-(4)-(5). Sub-waves (3)-(4)-(5) should be forming, driving the price down to a level of 850.00. One could enter sell trades with a target at the end if the [C] impulse.

Trading plan for ETHUSD today:

Sell 1679.81,

Take profit: 850.00.

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