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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.
Cryptocurrencies’ prices have increased significantly, so the layout has been changed.
The article covers the following subjects:
Elliott wave Bitcoin analysis
The ascending actionary wave (W), which serves as the first part of a large double zigzag, is unfolding. Wave (W) will soon end as a standard A-B-C zigzag. The development of the impulsive wave  has come to an end within impulse C. Shortly, expect a small decline in the correction . After that, the price will continue to grow within the sub-wave . It is expected to end around the level of 22700.00.
Trading plan for BTCUSD today:
Buy 21140.57, Take profit: 22700.00
Elliott wave Ripple analysis
Ripple is building a linking wave (X) of a large double zigzag. The internal structure of (X) looks like a double zigzag W-X-Y. Now the last actionary sub-wave Y is unfolding as a double zigzag [W]-[X]-[Y] of a smaller degree. Shortly expect the construction of an ascending sub-wave [Y]. It is expected to end around the level of 0.557. In the current situation, it is reasonable to open long trades.
Trading plan for XRPUSD today:
Buy 0.399, Take profit: 0.557
Elliott wave Ethereum analysis
The ETHUSD market is building a linking wave [X]. It is expected to end as double zigzag (W)-(X)-(Y). The actionary wave (Y) is a standard A-B-C zigzag. Impulse A and correction B have been completed, while the last impulse sub-wave C is still unfolding. Soon, the price growth is expected in sub-waves -- towards the level of 2024.38.
Trading plan for ETHUSD for today:
Buy 1571.00, Take profit: 2024.38
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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.