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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 continues rising. The first two sub-waves of the bullish impulse must have completed, and the price is rising in the third sub-wave. Waves (1)-(2)-(3) have finished within the third wave of a larger degree. Correction (4) is currently unfolding as a double zigzag W-X-Y. The motive wave W has completed, and the linking wave X should be driving the price to a level of 71450.00, where it will retrace wave W by 76.4%.
Trading plan for BTCUSD today:
Buy 65082.78, Take profit: 71450.00
Elliott wave Ripple analysis
The XRPUSD market is forming the bullish double zigzag [W]-[X]-[Y]. The first motive wave [W] must have completed as a zigzag. The linking wave [X] is currently unfolding as a standard zigzag (A)-(B)-(C). The first impulse wave (A) has finished, and the Ripple price should be rising in correction (B) to a level of 0.664, where wave (B) will be 50% of the (C) wave.
Trading plan for XRPUSD today:
Buy 0.595, Take profit: 0.664
Elliott wave Ethereum analysis
The ETHUSD market is rising in the potential impulse, with sub-waves (1)-(2)-(3) completed inside. Correction (4) is currently unfolding as a double zigzag W-X-Y. The motive wave W has completed, and the Ethereum price should be rising in the linking wave X, which should end at a level of 3897.84, where wave X will be 76.4% of wave W.
Trading plan for ETHUSD for today:
Buy 3381.52, Take profit: 3897.84
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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.
