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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.
The article covers the following subjects:
Elliott wave Bitcoin analysis
The linking wave [X] will soon take the shape of a triple zigzag (W)-(X)-(Y)-(X)-(Z). The final wave (Z) can end as a standard A-B-C zigzag. The price will soon move inside correction [4], which is part of impulse C. Correction [4] will end at the low of 34896.00 as a double three. Then, expect a price rise in wave [5] toward the level of 38700.00.
Trading plan for BTCUSD today:
Sell 37096.67, Take profit: 34896.00
Elliott wave Ripple analysis
Ripple is building a linking wave [X] as a triple zigzag. The actionary wave (Z) is currently unfolding as a standard A-B-C zigzag. Impulse A and bearish correction B have been completed. The final bullish wave C started unfolding as an impulse. It will end around the high of 0.744.
Trading plan for XRPUSD today:
Buy 0.614, Take profit: 0.744
Elliott wave Ethereum analysis
Ethereum forms the final actionary wave (Z) inside the linking wave [X]. Wave (Z) can take the shape of a standard A-B-C zigzag. Recently, correction B has been completed as zigzag [A]-[B]-[C]. Now the price is rising in impulse C. It is expected to end near the price level of 2205.00, where it will be 50% of the previous impulse A.
Trading plan for ETHUSD for today:
Buy 1997.14, Take profit: 2205.00
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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.
