Elliott wave Ethereum analysis 30.12.2022

ETHUSD continues to build a downward impulse wave in the last section of the chart. Four out of five parts of wave C have been completed. The initial part of the bearish sub-wave [5] is currently unfolding. It is expected to end around the level of 1050.00. The level is determined using the Fibonacci extension. At this level, impulse wave C will be 50% of the previous impulse wave A.

Trading plan for ETHUSD for today:

Sell 1195.29,

Take profit: 1050.00.

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