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 analysisElliott wave Ripple analysisElliott wave Ethereum analysis

Elliott wave Bitcoin analysis

Bitcoin forms an actionary wave W as a standard zigzag [A]-[B]-[C]. The first impulse wave [A], consisting of five parts, has been completed. A downward corrective wave [B] is currently unfolding. This wave will end around the level of 25897.50, where it will most likely be 61.8% of the impulse [A].

Trading plan for BTCUSD today:

Sell 26834.84, Take profit: 25897.50

Elliott wave Ripple analysis

The most recent ETHUSD chart section displays the formation of a new ascending pattern, which may take the shape of a double zigzag (W)-(X)-(Y). Actionary wave (W) has been completed. Now, the price may fall in the linking wave (X). It is expected to end near the level of 0.468, where it will be 76.4% of wave (W). In the current situation, consider sales.

Trading plan for XRPUSD today:

Sell 0.504, Take profit: 0.468

Elliott wave Ethereum analysis

The linking wave (X) is currently unfolding as a double zigzag W-X-Y. The final actionary wave Y will soon take the shape of a simple zigzag [A]-[B]-[C]. The first impulse wave [A] has already been completed. Now, the correction is developing inside the zigzag wave [B]. It is expected to end near the level of 1582.00, where it will be 61.8% of the impulse [A].

Trading plan for ETHUSD for today:

Sell 1633.63, Take profit: 1582.00

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 experienceTelegram 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.

Rate this article:

{{value}} ( {{count}} {{title}} )

Activate JavaScript to view comments on Disqus.