Home Forex Short-term forecast for BTCUSD, XRPUSD and ETHUSD 19.10.2022

Short-term forecast for BTCUSD, XRPUSD and ETHUSD 19.10.2022

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Short-term forecast for BTCUSD, XRPUSD and ETHUSD 19.10.2022

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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 cryptocurrencies, covered in the article, should be rising in impulses.

The article covers the following subjects:

Elliott wave Bitcoin analysis

The BTCUSD must have completed the bearish linking wave [X]. The market should be forming a bullish impulse wave, with the first two sub-waves (1)-(2) completed inside as an impulse and a correction. The price should be rising in sub-wave (3), unfolding as an impulse 1-2-3-4-5. Impulse (3) should end at a level of around 20751.00, where waves (1) and (3) will be equal.

Trading plan for BTCUSD today:

Buy 19293.50, Take profit: 20751.00


Elliott wave Ripple analysis

The XRPUSD market should be forming the bullish impulse wave [A], composed of sub-waves (1)-(2)-(3)-(4)-(5). Impulse (1) and correction (2) must have completed, so the price should continue rising in sub-wave (3) to a level of 0.557. Next, the market could roll down in the corrective wave (4), as outlined in the chart.

Trading plan for XRPUSD today:

Buy 0.459, Take profit: 0.557


Elliott wave Ethereum analysis

The ETHUSD market should be forming a zigzag (A)-(B)-(C), with the first wave (A) developing inside as an impulse 1-2-3-4-5. Sub-waves 1 and 2 must have finished, so the market should be rising in sub-wave 3 to a level of 1597.00.

Trading plan for ETHUSD today:

Buy 1303.62, Take profit: 1597.00


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Ask me questions and comment below. I’ll be glad to answer your questions and give necessary explanations.

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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.

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