Elliott wave Ethereum analysis 28.12.2022

The most recent ETHUSD chart section displays the construction of a bearish impulse C. A long-term correction [4], consisting of three main sub-waves (W)-(X)-(Y), has been completed. Now the price has started to decline within the initial part of the last sub-wave [5]. Wave [5] is expected to end around level 1050.00. At this level, impulse C will reach the 50% Fibonacci level of the impulse A. 

Trading plan for ETHUSD for today:

Sell 1208.21,

Take profit: 1050.00.

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