I welcome my readers!
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.
The BTCUSD and ETHUSD are forming the third sub-waves in bullish impulses.
The article covers the following subjects:
Elliott wave Bitcoin analysis
The BTCUSD must have completed the bearish linking wave [X] as a double zigzag (W)-(X)-(Y). The market should be forming a bullish impulse wave, with the first two sub-waves (1)-(2) completed inside. The price should be rising in sub-wave (3) to a level of around 20751.00, where waves (1) and (3) will be equal.
Trading plan for BTCUSD today:
Buy 19578.00, Take profit: 20751.00
Elliott wave Ripple analysis
The XRPUSD market has completed the sideways linking wave XX as a flat [A]-[B]-[C]. The market should be rising in the upward impulse wave [A], composed of sub-waves (1)-(2)-(3)-(4)-(5). The [A] impulse should finish at a level of 0.557, marked by the motive wave Y.
Trading plan for XRPUSD today:
Buy 0.474, Take profit: 0.557
Elliott wave Ethereum analysis
The ETHUSD must have completed the down linking wave [X], composed of three sub-waves (A)-(B)-(C). The Ethereum price is now rising in the initial part of the (A) wave that could be unfolding as an impulse 1-2-3-4-5, as outlined in the chart. Sub-waves 1-2 must have completed, and sub-wave 3 could end at a high of 1597.00.
Trading plan for ETHUSD today:
Buy 1332.86, Take profit: 1597.00
P.S. Did you like my article? Share it in social networks: it will be the best “thank you” 🙂
Ask me questions and comment below. I’ll be glad to answer your questions and give necessary explanations.
Useful links:
- I recommend trying to trade with a reliable broker here. The system allows you to trade by yourself or copy successful traders from all across the globe.
- Use my promo-code BLOG for getting deposit bonus 50% on LiteFinance platform. Just enter this code in the appropriate field while depositing your trading account.
- Telegram chat for traders: https://t.me/liteforexengchat. We are sharing the signals and trading experience
- Telegram channel with high-quality analytics, Forex reviews, training articles, and other useful things for traders https://t.me/liteforex
The content of this article reflects the author’s opinion and does not necessarily reflect the official position of LiteFinance. The material published on this page is provided for informational purposes only and should not be considered as the provision of investment advice for the purposes of Directive 2004/39/EC.
