Elliott wave Ethereum analysis  30.08.2022

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). The first impulse wave (1), composed of sub-waves 1-2-3-4-5, has completed so far. A short upward correction (2) should be developing up to a level of 1720.00, the previous high, marked by sub-wave 4.

Trading plan for ETHUSD today:

Buy 1580.27,

Take profit: 1720.00.

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