Home Forex Short-term forecast for BTCUSD, XRPUSD and ETHUSD 26.10.2022

Short-term forecast for BTCUSD, XRPUSD and ETHUSD 26.10.2022

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Short-term forecast for BTCUSD, XRPUSD and ETHUSD 26.10.2022

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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 article covers the following subjects:

Elliott wave Bitcoin analysis

The BTCUSD market is forming a bullish standard zigzag A-B-C, with impulse A and correction B completed inside. Correction B is a double zigzag [W]-[X]-[Y]. The final impulse C is currently unfolding, with subwave [3] developing inside. Wave [3] should finish at a level of 20850.98, where it will be 161.8% of wave [1].

Trading plan for BTCUSD today:

Buy 20191.00, Take profit: 20850.98


Elliott wave Ripple analysis

The XRPUSD continues forming wave [A] as a part of the bullish zigzag [A]-[B]-[C]. Subwave (3) of the [A] impulse is currently unfolding. Subwaves 1-2 have completed, and the Ripple price will be rising in wave 3 to a level around 0.509, the high marked by the first wave A of the triangle.

Trading plan for XRPUSD today:

Buy 0.458, Take profit: 0.509


Elliott wave Ethereum analysis

The ETHUSD completed the linking wave [X] and started rising in the potential impulse. Sub-waves 1 and 2 have finished, as well as sub-waves [1]-[2]. The price now continues rising in the new impulse [3] of a smaller degree. The Ethereum price should be rising to a level of 1555.00, where wave [3] will be 200% of wave [1].

Trading plan for ETHUSD today:

Buy 1477.29, Take profit: 1555.00


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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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