The ETHUSD market develops a large linking wave X as a double three [W] – [X] – [Y]. The actionary wave [Y] is currently unfolding. Most likely, the decline within the linking wave (X) ended. Therefore, the market may start building an upward zigzag A-B-C in the near future, as shown in the chart. The first impulse wave A is likely to end around level 4125.00, which was marked by sub-wave X.
Trading plan for ETHUSD today:
Buy 3662.29,
TP 4125.00
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