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Dear readers
I have prepared short -term expectations for Bitcoin, Ripple, and Ethereum based on an ELLIOTT wave analysis.
The cryptocurrency continues to diving according to expectations.
The article covers the following topics:
Main meals
- BTCUSD: The price is expected to decrease to the lowest level. Consider the short trades from the current level, setting a profit request at 76,742.00.
- XRPUSD: The original in the Z. The short trades may be considered with a request to seize 1.890.
- Ethusd: It is expected that the last part of the Haboodi wave (C) is expected to be completed as a final diameter. Thus, sell ETH at the current level, guarantee profits at 1,607.36.
Elliott wave analysis for Bitcoin
The bullish wave develops as a batch (1)-(2)-(3)-(4)-(5) in the last part of Bitcoina plan. Sub -waves (1) and (2) are completed, and the motivation (3) may also be formed. Complex correction (4) is revealed as a triple zigzag. The sub -wave is evolved as a zigzag [A]-[B]-[C]. The price may decrease to the previous minimum of 76,742.00, where the previous sub -wave is motivated [A] From y finished.
BTCUSD trading plan for today:
Sell 83,045.04, take profits: 76,742.00
Elliott wave analysis of ripples
The global upper motivation (1)-(2)-(3)-(4)-(5) develops on xrpusd table. The large sub -wave (3) is likely to be completed, and the correction (4) began to develop as a complex horizontal structure. It is likely to be formed as Triple Zigzag Wxyxz. The Linking Wave X has finished recently, and the price began to slip into the Z. [W]-[X]-[Y]Most likely to the lowest level of 1.890. At this level, the descending wave of motivation [W] It ended as a trap (a)-(b)-(c).
XRPUSD trading plan for today:
Sell 2.099, take profits: 1.890
Elliott wave analysis of ethereum
H4 chart from ethusd It shows the large correction (B), and it is formed as a double zigzag. Once the subtime sub -wave [Y] Finishing, the Y wave will be completely formed as a double zipper [W]-[X]-[Y]. The final sub -wave (C) is developing inside the wave [Y] As a diameter end 1-2-3-4-5. This pattern is expected to be completed about a decrease of 1,607.36. In this sign, the sub -wave will restore 5 61.8 % of the 3 wave.
Hythos trading plan for today:
Sell 1,837.50, take profits: 1,607.36
If you want to learn more about the classic wave analysis, check out Our in -depth article on Elliot wave theory.
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BTCUSD price scheme in real time
The content of this article reflects the author’s opinion and does not necessarily reflect the official position of the Litefinance Mediator. The materials published on this page are provided for media purposes only and should not be considered to be considered investment advice for guidance purposes 2014/65/European Union.
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