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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.

The XRPUSD could have started forming the upward motive wave of the bullish double zigzag.

The article covers the following subjects:

Elliott wave Bitcoin analysis

The BTCUSD is forming the zigzag-shaped linking wave [X] composed of three sub-waves (A)-(B)-(C). Sub-waves (A) and (B) have completed, and the bearish wave (C) is currently unfolding as an impulse 1-2-3-4-5. Corrective wave 4 must have completed as a double zigzag [W]-[X]-[Y]. The Bitcoin price should be falling in the final sub-wave 5 to a level of 18120.00, the low marked by the impulse sub-wave 3.

Trading plan for BTCUSD today:

Sell 20040.00, Take profit: 18120.00

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Elliott wave Ripple analysis

The XRPUSD is forming the bullish double zigzag W-X-Y. The motive wave W and the linking wave X have completed. The W is a triple zigzag, and the linking wave X is a standard zigzag. The final motive wave Y should be unfolding. The Ripple price could reach level 0.519, the high marked by correction [B].

Trading plan for XRPUSD today:

Buy 0.473, Take profit: 0.519

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Elliott wave Ethereum analysis

The ETHUSD market is falling in the impulse wave (C), composed of five sub-waves 1-2-3-4-5. The first three legs of the impulse must have completed, and a complex corrective wave 4 has finished as a double zigzag [W]-[X]-[Y]. The Ethereum price should be declining in the final sub-wave 5 to a level of 1185.00, where wave (C) will be 100% of the (A) impulse.

Trading plan for ETHUSD today:

Sell 1378.46, Take profit: 1185.00

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