.jpg)
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] of 5 to a level 67250.00, where wave 5 will be 161.8% of impulse 3.
Trading plan for BTCUSD today:
Buy 63454.94, Take profit: 67250.00
Elliott wave Ripple analysis
The XRPUSD market had completed the XX wave as a double zigzag and started rising in a new bullish impulse. Sub-waves [1] and [2] have finished as a leading diagonal and a zigzag. The Ripple price should be rising in the impulse bullish wave [3] with sub-waves (1)-(2) finished inside. The market should be rising in sub-wave (3) to a high of 0.695, marked by wave (X).
Trading plan for XRPUSD today:
Buy 0.626, Take profit: 0.695
Elliott wave Ethereum analysis
The ETHUSD is forming a bullish impulse with the first two legs (1)-(2) completed inside. Since late January, a powerful impulse wave (3) has been forming. Sub-wave 1 is currently developing as an impulse and should end at a level of around 3700.00, where sub-wave [5] will be equal to wave [3].
Trading plan for ETHUSD for today:
Buy 3470.78, Take profit: 3700.00
P.S. Did you like my article? Share it in social networks: it will be the best “thank you” 🙂
Ask me questions and comment below. I’ll be glad to answer your questions and give necessary explanations.
Useful links:
- I recommend trying to trade with a reliable broker here. The system allows you to trade by yourself or copy successful traders from all across the globe.
- Use my promo code BLOG for getting deposit bonus 50% on LiteFinance platform. Just enter this code in the appropriate field while depositing your trading account.
- Telegram chat for traders: https://t.me/litefinancebrokerchat. We are sharing the signals and trading experience
- Telegram channel with high-quality analytics, Forex reviews, training articles, and other useful things for traders https://t.me/liteforex
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.
