Elliott wave Ethereum analysis 29.03.2024

The ETHUSD market continues forming correction (4) as a zigzag A-B-C. The first sub-wave A has completed as an impulse [1]-[2]-[3]-[4]-[5]. Correction B should soon finish as a simple zigzag [A]-[B]-[C]. The Ethereum price should be declining in the C impulse to a low of 3054.42.

Trading plan for ETHUSD for today:

Sell 3557.42,

Take profit: 3054.42.

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