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I have prepared a short-term cryptocurrency forecast based on the Elliott wave analysis of Bitcoin, Ripple, and Ethereum. I offer entry signals to trade each cryptocurrency.

Each cryptocurrency at smaller wave levels completed corrective fourth waves as double zigzags. 

The article covers the following subjects:

Elliott wave Bitcoin analysis

The most recent BTCUSD chart section displays the formation of a wave (W), which serves as the initial part of a potential double zigzag. Wave (W) may soon be unfolded as a standard A-B-C zigzag. Impulse A and correction B are completed, while impulse C is still under construction. Sub-waves [1]-[2]-[3]-[4] are formed within impulse C. Corrective sub-wave [4] looks like a double zigzag (W)-(X)-(Y). Thus, shortly the price growth is expected within the final sub-wave [5] towards the level of 22845.00.

Trading plan for BTCUSD today:

Buy 20343.50, Take profit: 22845.00

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Elliott wave Ripple analysis

The XRPUSD market shows that the linking wave XX has been completed. Later, the construction of a new zigzag consisting of sub-waves [A]-[B]-[C] began. Now the first sub-wave [A] is unfolding as the leading diagonal, judging by the internal structure. This diagonal will be completed near the 0.494 level, marked by a minor correction 4. Then the price may correct within the bearish wave [B], as shown in the chart.

Trading plan for XRPUSD today:

Buy 0.456, Take profit: 0.494

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Elliott wave Ethereum analysis

The most recent ETHUSD chart section shows the price rising within the impulse (A). This impulse serves as the initial part of a new bullish zigzag. Wave (A) is composed of five sub-waves 1-2-3-4-5, two of which are completed. Wave 3 will end around the high of 1662.15, marked by an impulse sub-wave [3] of a smaller degree. An approximate future price movement is shown on the chart.

Trading plan for ETHUSD today:

Buy 1549.21, Take profit: 1662.15

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