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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. Four out of five sub-waves have completed within impulse (5). A complex correction 4 must have completed as a triple zigzag [W]-[X]-[Y]. Impulse 5 should be unfolding now, driving the price up to a level of 61161.12, where wave (5) will be equal to wave (3).
Trading plan for BTCUSD today:
Buy 57208.59, Take profit: 61161.12
Elliott wave Ripple analysis
The XRPUSD market is rising. A bullish impulse must be forming. Impulse [1] is developing now, and it should be concluded by the fifth wave. Wave (5) should drive the Ripple price up to a level of 0.600, where wave (5) will be equal to the previous impulse (3).
Trading plan for XRPUSD today:
Buy 0.574, Take profit: 0.600
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 3464.86, as outlined in the chart.
Trading plan for ETHUSD for today:
Buy 3266.39, Take profit: 3464.86
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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.
