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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 turn down and start declining in the C impulse to a level of 60984.19.
Trading plan for BTCUSD today:
Sell 70317.95, Take profit: 60984.19
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. The Ripple price should turn down and start declining in the (C) impulse to a low of 0.563.
Trading plan for XRPUSD today:
Sell 0.639, Take profit: 0.563
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 correction B is about to finish. The Ethereum price should start declining in the C impulse to a low of 3054.42.
Trading plan for ETHUSD for today:
Sell 3631.66, Take profit: 3054.42
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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.
