Elliott wave Ethereum analysis 27.06.2022

The ETHUSD market is forming the bearish linking wave (X) as a triple zigzag, with the final wave Z developing inside as a standard zigzag. There is developing the bearish impulse wave [C] composed of sub-waves (1)-(2)-(3)-(4)-(5). After the triangle correction (4) completed, the price has been falling in impulse (5). Impulse (5) should be concluded by sub-wave 5 at a level of 870.00, where impulse (5) will be 76.4% of impulse (3).

Trading plan for ETHUSD today:

Sell 1208.57,

Take profit: 870.00.

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