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Dear readers
I have prepared short -term expectations for Bitcoin, Ripple, and Ethereum based on an ELLIOTT wave analysis.
The article covers the following topics:
Main meals
- BTCUSD: The price is expected to decrease in the wave [C]Which resembles a Qatari end. Consider the opening of short centers from the current level with profit at 74,286.53.
- XRPUSD: The price is likely to slip in the Z. Think of opening short positions with profit at 1.491.
- Ethusd: The final descending wave (C) is expected to develop. Consider selling from the current level with profit at 1,261.00.
Elliott wave analysis for Bitcoin
The bullish wave develops in the last part of BitcoinKadded Plan (1)-(2)-(3)-(4)-(5). Sub -waves (1) and (2) are completed, and the motivation (3) may also be formed. The complex correction (4) appears to be revealed as a triple zigzag. The sub -wave z under progress and it has been completed as a tranquility [A]-[B]-[C]. Her sub -waves [A] and [B] It is likely to be formed, and the price decreases in the motivation [C]It is supposed to be 100 % of the motivation [A] According to Fibonacci proportions. Thus, consider opening short sites with 74,286.53.
BTCUSD trading plan for today:
Sell 81,055.48, take profits: 74,286.53
Elliott wave analysis of ripples
From a global perspective, an upper motivation (1)-(2)-(3)-(4)-(5) is developed xrpusd table. The large sub -wave (3) is likely to be completed, and the correction (4) began to develop as a complex horizontal structure. Triple Zigzag Wxyxz is likely to be formed. The X -binding wave may be completed recently, followed [W]-[X]-[Y]. The price may decrease to 1.491. At this level, waves [W] and [Y] It will be equal in size.
XRPUSD trading plan for today:
Sell 1.993, take profits: 1.491
Elliott wave analysis of ethereum
H4 chart from ethusd The collapse of a large correction appears (4). It is likely to be formed as a double zigzag. The y wave is revealed as a triple zigzag [W]-[X]-[Y]-[X]-[Z]In order to complete the full end of the work wave of work [Z] required. Inside the wave [Z]The final sub -wave (C) is revealed. It appears to take the form of a smaller motivation 1-2-3-4-5, which is supposed to be completed near the 1,261.00 level. At this level, the size of the sub -wave [Z] It will be 50 % of the wave [Y].
Hythos trading plan for today:
Sell 1,549.95, take profits: 1,261.00
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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