Elliott wave Ethereum analysis 30.05.2023

ETHUSD is developing a downward corrective wave [B] as a triple zigzag (W)-(X)-(Y)-(XX)-(Z). Within this corrective pattern, a linking wave (XX) has recently ended. It has a horizontal shape of the A-B-C zigzag. Shortly expect the development of a bearish actionary wave (Z). It will end at the level of 1672.00, where correction [B] will be 61.8% of wave [A].

Trading plan for ETHUSD for today:

Sell 1897.69,

Take profit: 1672.00.

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