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
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.
