Home Forex Short-term forecast for BTCUSD, XRPUSD and ETHUSD 27.10.2022

Short-term forecast for BTCUSD, XRPUSD and ETHUSD 27.10.2022

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Short-term forecast for BTCUSD, XRPUSD and ETHUSD 27.10.2022

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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.

Cryptocurrency prices continue rising in bullish impulses.

The article covers the following subjects:

Elliott wave Bitcoin analysis

The BTCUSD market continues forming an uptrend as a standard zigzag A-B-C, with impulse A and correction B completed inside. Correction B is a double zigzag [W]-[X]-[Y]. The final upward wave C is currently unfolding as an impulse [1]-[2]-[3]-[4]-[5]. Sub-wave [3] is currently forming; it should finish at a level of 21244.00, where wave [3] will be 200% of wave [1].

Trading plan for BTCUSD today:

Buy 20758.00, Take profit: 21244.00


Elliott wave Ripple analysis

The XRPUSD market completed the linking wave XX and is forming the bullish wave [A] as an impulse (1)-(2)-(3)-(4)-(5), as outlined in the chart. The first upside target is at a high of 0.509, marked by wave A, the first wave of the triangle. At the indicated level, wave 3 of (3) should finish.

Trading plan for XRPUSD today:

Buy 0.470, Take profit: 0.509


Elliott wave Ethereum analysis

The ETHUSD market, having finished the linking wave [X], turned up and started rising. 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 1653.00, the previous high that is not visible in the current chart.

Trading plan for ETHUSD today:

Buy 1565.17, Take profit: 1653.00


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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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