Elliott wave Ethereum analysis 29.08.2022

The ETHUSD market continues forming the final leg of the large zigzag [A]-[B]-[C], the [C]. The [C] wave is forming as an impulse (1)-(2)-(3)-(4)-(5). Impulse wave (3) must have finished; it is composed of sub-waves 1-2-3-4-5. The Ethereum price should be rising in correction (4), and after that, the market will resume falling in sub-wave (5) to a level of 850.00.

Trading plan for ETHUSD today:

Sell 1441.67,

Take profit: 850.00.

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