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Dear readers,
I have prepared short-term forecasts for Bitcoin, Ripple and Ethereum based on Elliott Wave analysis.
The article covers the following topics:
Elliott Wave Analysis for Bitcoin
The impulse is made of sub-waves [1]-[2]-[3]-[4]-[5] It continues to form on the Bitcoin chart. subwaves [1]-[2]-[3]-[4] Formed at the moment. The initial part of the final impulse wave [5] It is currently unfolding, with the first small sub-waves (1)-(2) already forming. The first subwave (1) may unfold as part of a wave [5]. The price is supposed to correct in sub-wave 4, which is part of the impulse wave (1) and will be completed soon. After that, the price may start rising to 74,911.17 soon.
Trading plan for Bitcoin against the dollar For the day:
Buy 68,088.25, take profit: 74,911.17
Elliott wave analysis for Ripple
A double zigzag line continues to appear on the XRPUSD chart. action wave [W], consisting of sub-waves (A)-(B)-(C), has probably been completed. Correlation wave [X] It looks complete too. action wave [Y] It may be unfolding right now, forming a double zigzag line (W)-(X)-(Y). The sub-wave (X) may end soon, and the price will grow in the sub-wave (Y). Wave (X) is expected to end at the lowest level at 0.496.
Trading plan for XRPUSD For the day:
Sell 0.521, Take Profit: 0.496
Elliott Wave Analysis for Ethereum
We can see an impulse wave forming as the first part of a new uptrend. The first two small sub-waves 1 and 2 have completed. The price is likely to rise in impulsive wave 3, which is characterized by its sub-waves [1]-[2]-[3] Finish. revision [4] It is expected to end soon, and the price is likely to reverse and grow in the sub-wave [5]and is assumed to be 4107.44.
Trading plan for ETH/USD For the day:
Buy 3,766.05, take profit: 4,107.44
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BTCUSD price chart in real time mode
The content of this article reflects the opinion of the author 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 providing investment advice for the purposes of Directive 2004/39/EC.
