Elliott wave Ethereum analysis 29.05.2023

The Ethereum market is developing a large downward corrective wave [B] as a triple zigzag (W)-(X)-(Y)-(XX)-(Z). The second linking wave (XX) turned out to be longer than expected. It has a horizontal shape of the A-B-C zigzag. Impulse C inside the linking wave (XX) has come to an end. Thus, soon expect the development of a bearish actionary wave (Z). It will end around the level of 1672.00.

Trading plan for ETHUSD for today:

Sell 1911.79,
Take profit: 1672.00.

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