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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 must have completed the first two sub-waves [1]-[2] of the bullish impulse, and the price resumed rising in the third wave, with sub-waves (1)-(2)-(3) finished inside. Correction (4) is currently unfolding as a double zigzag W-X-Y. The motive wave W has completed as a zigzag, and the linking wave X should be driving the price to a level of 68698.52, where it will retrace wave W by 61.8%.
Trading plan for BTCUSD today:
Buy 61673.73, Take profit: 68698.52
Elliott wave Ripple analysis
The XRPUSD market must have completed the first motive wave [W] as a zigzag. The linking wave [X] is currently unfolding as a standard zigzag (A)-(B)-(C). The first impulse wave (A) has finished as a leading diagonal, and the Ripple price should be rising in correction (B) to a level of 0.652, where wave (B) will be 50% of the (A) wave.
Trading plan for XRPUSD today:
Buy 0.574, Take profit: 0.652
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 3707.08, where wave X will be 61.8% of wave W.
Trading plan for ETHUSD for today:
Buy 3122.99, Take profit: 3707.08
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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.
