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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.

Bullish trends continue forming. Next week, cryptocurrency prices could go down a little in short corrections.

The article covers the following subjects:

Elliott wave Bitcoin analysis

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

Trading plan for BTCUSD today:

Buy 20279.50, Take profit: 21244.00

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Elliott wave Ripple analysis

The XRPUSD market 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 sub-wave A, the first leg of the triangle. At the indicated level, wave 3 of (3) should finish.

Trading plan for XRPUSD today:

Buy 0.462, Take profit: 0.509

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Elliott wave Ethereum analysis

Having completed the linking wave [X], the ETHUSD market has been rising in the new 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 1653.00, the previous high that is not visible in the current chart.

Trading plan for ETHUSD today:

Buy 1504.92, Take profit: 1653.00

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