Elliott wave Ethereum analysis
The ETHUSD completed the bearish trend as a combination of zigzags Y, next, the market was rising in the bullish linking wave XX. The XX wave is the second linking wave, and the entire downtrend is a triple zigzag.
The market must have started declining in the new bearish trend, with the impulse wave [1] developing inside. Wave [1] should end at a level of 2950.0, the low marked by corrective wave [4]. An approximate trajectory of the Ethereum future price movement is outlined in the chart.
Trading plan for ETHUSD today:
Sell 3067.55, Take profit: 2950.00.
The market must have started declining in the new bearish trend, with the impulse wave [1] developing inside. Wave [1] should end at a level of 2950.0, the low marked by corrective wave [4]. An approximate trajectory of the Ethereum future price movement is outlined in the chart.
Trading plan for ETHUSD today:
Sell 3067.55, Take profit: 2950.00.
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