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I welcome my readers!
I have prepared a short-term cryptocurrency forecast based on the Elliott wave analysis of Bitcoin, Ripple, and Ethereum. I offer entry signals to trade each cryptocurrency.
The article covers the following subjects:
Elliott wave Bitcoin analysis
The BTCUSD market is forming a new bullish impulse with the sub-wave [3] developing inside. Wave (1) of [3] is developing, with sub-waves 1-2-3-4 completed inside. The price is rising in sub-wave 5 to a level of 68604.75. Next, the market will be corrected down in sub-wave (2).
Trading plan for BTCUSD today:
Buy 61305.81, Take profit: 68604.75
Elliott wave Ripple analysis
The XRPUSD market is rising. A bullish impulse must be forming. The first two sub-waves [1]-[2] have completed. The Ripple price should be rising in the impulse bullish wave [3] to a high of 0.695, marked by the linking wave (X), and higher.
Trading plan for XRPUSD today:
Buy 0.585, Take profit: 0.695
Elliott wave Ethereum analysis
The ETHUSD is forming a bullish impulse with the first two legs (1)-(2) completed inside. The third wave is currently unfolding, with sub-waves [1]-[2]-[3]-[4] completed inside. The Ethereum price should be rising in sub-wave [5] to a level of 3791.95.
Trading plan for ETHUSD for today:
Buy 3376.24, Take profit: 3791.95
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The content of this article reflects the author’s opinion 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 the provision of investment advice for the purposes of Directive 2004/39/EC.
