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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 is forming a corrective wave (4) as a part of the bullish impulse. Correction (4) is developing as a standard zigzag A-B-C. Impulse A has completed, and correction B is to finish soon as a zigzag [A]-[B]-[C]. The Bitcoin price should reach a high of 68132.08, and the price will resume declining in wave C, as outlined in the chart.
Trading plan for BTCUSD today:
Buy 67304.13, Take profit: 68132.08
Elliott wave Ripple analysis
The XRPUSD market is forming a new corrective wave [X] as a standard zigzag (A)-(B)-(C). The first wave (A) must have completed, and correction (B) should soon end at a level of 0.649, marked by the A impulse. The price should turn down at the indicated level and start declining.
Trading plan for XRPUSD today:
Buy 0.631, Take profit: 0.649
Elliott wave Ethereum analysis
The ETHUSD market continues forming the impulse with sub-waves (1)-(2)-(3) completed inside. Correction (4) is forming as a zigzag A-B-C. The first impulse wave A has finished, and a zigzag-shaped correction B is unfolding. Having reached the high of 3590.39, the price will start declining in impulse wave C.
Trading plan for ETHUSD for today:
Buy 3500.89, Take profit: 3590.39
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Price chart of BTCUSD in real time mode
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.
