Elliott wave Ethereum analysis 27.02.2023

The Ethereum market is building an upward wave A as an impulse [1]-[2]-[3]-[4]-[5]. An impulse sub-wave [3] has been recently completed. Afterward, a decline began within the corrective sub-wave [4]. The structure of wave [4] is similar to the triple zigzag (W)-(X)-(Y)-(XX)-(Z). To complete it, the last sub-wave (Z) is required. The market will continue to decline to a low of 1459.29, marked by a corrective sub-wave (4).

Trading plan for ETHUSD for today:

Sell 1631.02,

Take profit: 1459.29.

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