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Dear readers
I have prepared short -term expectations for Bitcoin, Ripple, and Ethereum based on an ELLIOTT wave analysis.
Bitcoin and Ethereum continue to circulate a declining correction, while Ripple started ascending to a new motivation.
The article covers the following topics:
Main meals
- BTCUSD: The price is expected to move within a declining correction. The recommendation is to open a short position with profit at 92,350.00.
- XRPUSD: revision [2] Complete, the price is expected to rise. The recommendation is to open long deals with profit at 2.355.
- Ethusd: The price is likely to decrease in a declining correction [2]. Consider selling at the present level with profit at 1,657.83.
Elliott wave analysis for Bitcoin
The bullish wave develops in the last section of Bitcoina plan. It can be formed as a batch (1)-(2)-(3)-(4)-(5). Its sub -waves (1), (2), and (3) complete. The corrective wave (4) appears to have been formed recently as a trigger-zip-XX-Z. In the last part of the scheme, it is assumed that the first part of the wave of the ascending motivation is revealed. The corrective sub -wave is supposed to be formed 2. Motivation 3 is under progress, with correction [4] It is revealed as its part. This correction may recover 38.2 % of the motivation [3] Depending on the lineage of Fibonacci. Thus, expecting a decrease in the price to 92,350.00.
BTCUSD trading plan for today:
Sell 96,786.21, take profits: 92,350.00
Elliott wave analysis of ripples
From a global perspective, an upper motivation (1)-(2)-(3)-(4)-(5) is developed xrpusd table. Both are likely to be the driving wave (3) and corrective wave (4), which took a zigzag trifly -wxyz, complete. The first part of the new upper style is currently revealing, and it is supposed to be motivated. The first two parts-sub-wave 1 and correction 2-. The price is expected to rise in the 3rd motivation in the near future. Sub -wave [1] It seems that it was completed within the 3rd motivation, and the correction [2] It has also finished. As a result, the price is expected to increase in a new third wave to the highest level of 2.355 and higher.
XRPUSD trading plan for today:
Buy 2.132, take profits: 2.355
Elliott wave analysis of ethereum
H4 chart from ethusd The collapse of a large correction appears (4). It seems that it has been completed as a double zip. A new upward wave is developed in the last part of the scheme. It may form a 1-2-3-4-5 batch. Apparently, the correction 2 has ended recently, and the price is now in motivation 3. The sub -wave [1] Within this motivation, this has been completed, and the price is currently sliding in a corrective sub -wave [2] To 1,657.83.
Hythos trading plan for today:
Sell 1,831.69, take profits: 1,657.83
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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