Elliott wave Ethereum analysis 09.05.2023

ETHUSD is building a corrective wave [B] as a standard zigzag. Its last wave (C) is currently unfolding. Wave (C) will take the shape of a standard impulse 1-2-3-4-5, as shown in the chart. The fall will continue down to 1672.00. At this level, wave [B] will be 61.8% of the impulse [A]. In the current situation, consider opening short trades.

Trading plan for ETHUSD for today:

Sell 1839.91,

Take profit: 1672.00










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