Elliott wave Ethereum analysis 5.12.2023

The bullish linking wave [X] continues unfolding as a triple zigzag, within which the first four parts have been completed. The final actionary wave (Z) is currently unfolding as a standard A-B-C zigzag. Wave A is an impulse; correction B is a contracting triangle. Impulse C is currently under construction. The price may rise within wave C to the level of 2317.00.

Trading plan for ETHUSD for today:

Buy 2226.01,

Take profit: 2317.00.



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