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
Now the final part of the first wave (W) of the double zigzag (W)-(X)-(Y) is unfolding. Wave (W) will soon be completed as a standard A-B-C zigzag. Now a bullish impulse wave C, or rather its sub-wave [5], is under construction. The side correction wave (4) within the impulse sub-wave [5] has been completed as double three W-X-Y. Shortly, expect the price to rise in the last sub-wave (5) to the level of 24500.00.
Trading plan for BTCUSD today:
Buy 22677.41, Take profit: 24500.00
Elliott wave Ripple analysis
Ripple is constructing a linking wave (X) as a double zigzag W-X-Y. The chart shows that the last actionary wave Y is unfolding as a standard zigzag [A]-[B]-[C]. Impulse [A] and correction [B] have been completed. Now the last sub-wave [C] is unfolding. Wave [C] may take the shape of an impulse (1)-(2)-(3)-(4)-(5), as shown in the chart. The first two small sub-waves (1) and (2) have been completed. Soon expect growth in the third sub-wave towards the level of 0.508.
Trading plan for XRPUSD today:
Buy 0.395, Take profit: 0.508
Elliott wave Ethereum analysis
ETH market continues forming impulse wave C, or rather its sub-wave [3]. Sub-waves (1)-(2)-(3)-(4) have been completed within impulse [3]. Correction (4) serves as a double three W-X-Y and has a horizontal internal structure. Soon, expect growth in the final sub-wave (5), which may rise to the price level of 1776.00. Future price movement is outlined in the chart.
Trading plan for ETHUSD for today:
Buy 1615.21, Take profit: 1776.00
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.