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 last section of the BTCUSD chart shows the construction of a bullish wave as an impulse (1)-(2)-(3)-(4)-(5). Now the last sub-wave (5), which looks like a final diagonal, is unfolding. Shortly, the price in sub-wave (5) will rise to the level of 24040.00, where the impulse [5] will be 76.4% of the impulse [3]. The probability of achieving this ratio is high.
Trading plan for BTCUSD today:
Buy 23004.79, Take profit: 24040.00
Elliott wave Ripple analysis
The XRPUSD market is building the final actionary wave [Y] in a double zigzag. It can take the shape of a standard zigzag (A)-(B)-(C) while the first impulse (A) is unfolding. Correction 4 has come to an end, so expect the development of the final sub-wave 5 soon. It will end near the level of 0.469.
Trading plan for XRPUSD today:
Buy 0.403, Take profit: 0.469
Elliott wave Ethereum analysis
The last section of the ETH chart has an impulse structure. Impulse C, or rather its middle part, a sub-wave [3], is unfolding. Sub-waves (1)-(2)-(3)-(4) have been completed within the beforementioned sub-wave. Shortly, expect growth in the final sub-wave (5), which may rise to 1813.16. The future price movement is shown in the chart.
Trading plan for ETHUSD for today:
Buy 1579.33, Take profit: 1813.16
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.