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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 wave [C] as an impulse (1)-(2)-(3)-(4)-(5), with the final wave (5) unfolding inside. Sub-waves 1-2-3-4 have completed within impulse (5). Sub-wave 5 is currently unfolding and could finish at a level of 66665.50, where impulse (5) will be 123.6% of wave (3).
Trading plan for BTCUSD today:
Buy 61921.10, Take profit: 66665.50
Elliott wave Ripple analysis
The XRPUSD market is rising. A bullish impulse must be forming. The first two sub-waves [1]-[2] have completed. The Ripple price should be rising in the impulse bullish wave [3] to a high of 0.695, marked by the linking wave (X), and higher.
Trading plan for XRPUSD today:
Buy 0.585, Take profit: 0.695
Elliott wave Ethereum analysis
The ETHUSD market is forming the final impulse C within the zigzag-shaped wave (Z). Sub-waves [1]-[2]-[3]-[4] must have completed within the C wave. Correction [4] has finished as a zigzag. The Ethereum price should be rising in impulse [5] to a level of 3571.00, as outlined in the chart.
Trading plan for ETHUSD for today:
Buy 3443.33, Take profit: 3571.00
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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.
