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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 is forming a corrective wave (4) as a part of the bullish impulse. Correction (4) is developing as a standard zigzag A-B-C. Correction B must have completed, and the Bitcoin price is declining in the C impulse that should finish at a level of 60984.19, marked by impulse A.
Trading plan for BTCUSD today:
Sell 70222.72, Take profit: 60984.19
Elliott wave Ripple analysis
The XRPUSD market is forming a new corrective wave [X] as a standard zigzag (A)-(B)-(C). Correction (B) must have finished as a zigzag A-B-C. The price is falling in the bearish impulse (C), which should drive it to a low of 0.563, marked by sub-wave (A).
Trading plan for XRPUSD today:
Sell 0.624, Take profit: 0.563
Elliott wave Ethereum analysis
The ETHUSD market continues forming correction (4) as a zigzag A-B-C. The first sub-wave A has completed as an impulse [1]-[2]-[3]-[4]-[5]. Correction B has also finished; it is a simple zigzag [A]-[B]-[C]. The Ethereum price should be declining in the C impulse to a low of 3054.42.
Trading plan for ETHUSD for today:
Sell 3589.24, Take profit: 3054.42
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Price chart of BTCUSD in real time mode
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.
