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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 correction 2. Think about opening the short centers from the current level with profit at 79000.00.
- XRPUSD: The price is likely to slip into the correction 2. Think about opening short positions with profit at 1.890.
- Ethusd: Correction 2 is expected to develop. Looking at the current level with profit at 1,471.55.
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. Correction (4) has been formed as a triglyceride wing. The last part of the graph shows that the price has been reflected, and the bullish motivation began to appear. The first sub -wave is likely to be completed 1. The original is expected to slip into the corrective sub -wave 2, which may recover 61.8 % of the 1st wave, according to the Fibonacci lineage. Thus, the price may decrease to 79000.00.
BTCUSD trading plan for today:
Sell 84,567.57, take profits: 79,000.00
Elliott wave analysis of ripples
From a global perspective, an upper motivation (1)-(2)-(3)-(4)-(5) is developed xrpusd table. The large driving subcategory is likely to be completed, and correction may form (4) such as Triple Zigzag Wxyxz. The first part of the new upward trend takes place, as the first sub -wave was formed as a leading Qatari wave. The price is expected to slip in the corrective sub -wave 2.890. At this level, the correction 2 will return 50 % of the wave 1.
XRPUSD trading plan for today:
Sell 2.113, take profits: 1.890
Elliott wave analysis of ethereum
H4 chart from ethusd A collapse of a large correction (4) appears to be formed as a double zig. The last section of the plan shows a reflection on the market and the beginning of a new upper motivation. The first sub -wave ended 1, and the correction 2 is running. It is possible that it will end near a decrease of 1,471.55 as a standard zig [A]-[B]-[C].
Hythos trading plan for today:
Sell 1,622.72, take profits: 1,471.55
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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