.jpg)
Dear readers,
I’ve prepared a short-term forecast for Bitcoin, Ripple, and Ethereum based on the Elliott wave analysis.
The article covers the following subjects:
Elliott Wave analysis for Bitcoin
A powerful impulse wave (3) may have formed as part of impulse [3] currently developing. A bearish correction (4) is unfolding at the moment. Correction (4) will likely be 23.6% of impulse (3) as per Fibonacci levels and form as a zigzag. Thus, the price may fall to 66,137.00 as shown in the chart. In the current situation, consider short trades.
Trading plan for BTCUSD for today:
Sell 67,247.16, Take profit: 66,137.00
Elliott Wave analysis for Ripple
A bullish impulse is developing in the Ripple chart. Its subwaves [1] and [2] — a leading diagonal and a zigzag — look complete. The price is currently growing actively in the first part of bullish impulse [3]. The subwaves (1)-(2) of wave [3] are formed. The price is expected to grow in subwave (3) soon to the peak of 0.740 and then higher.
Trading plan for XRPUSD for today:
Buy 0.623, Take profit: 0.740
Elliott Wave analysis for Ethereum
Ethereum is moving in a bullish impulse wave that consists of subwaves (1)-(2)-(3)-(4)-(5). Impulse (1) and correction (2) are formed. Impulse (3) seems to have finished developing. So, the price is correcting in subwave (4) in the last segment of the chart. Correction (4) may equal 38.2% of impulse (3) and form as a zigzag. Thus, the price is expected to decline to 3,356.62.
Trading plan for ETHUSD for today:
Sell 3,660.42, Take profit: 3,356.62
P.S. Did you like my article? Share it in social networks: it will be the best “thank you” 🙂
Ask me questions and comment below. I’ll be glad to answer your questions and give necessary explanations.
Useful links:
- I recommend trying to trade with a reliable broker here. The system allows you to trade by yourself or copy successful traders from all across the globe.
- Use my promo code BLOG for getting deposit bonus 50% on LiteFinance platform. Just enter this code in the appropriate field while depositing your trading account.
- Telegram chat for traders: https://t.me/litefinancebrokerchat. We are sharing the signals and trading experience
- Telegram channel with high-quality analytics, Forex reviews, training articles, and other useful things for traders https://t.me/liteforex
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.
