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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 XRPUSD must have finished the bearish linking wave [X], and the chart should be forming a bullish zigzag-shaped pattern.
The article covers the following subjects:
Elliott wave Bitcoin analysis
The BTCUSD market continues forming the inking wave [X] as a double zigzag (W)-(X)-(Y). Sub-waves (W) and (X) have finished, and the bearish motive wave (Y) is currently forming as a standard zigzag A-B-C. The B correction has recently completed, and the price is falling in the C impulse composed of sub-waves ----. The C impulse should finish at a level of 18500.00.
Trading plan for BTCUSD today:
Sell 19294.10, Take profit: 18500.00
Elliott wave Ripple analysis
The XRPUSD market is forming the inceptive part of a large bullish corrective trend as a double zigzag W-X-Y. At the time of writing, sub-wave W is unfolding as a triple zigzag [W]-[X]-[Y]-[X]-[Z], with the final wave [Z] unfolding inside as a standard zigzag (A)-(B)-(C). The [Z] wave should end at a level of 0.408.
Trading plan for XRPUSD today:
Buy 0.331, Take profit: 0.408
Elliott wave Ethereum analysis
The ETHUSD market is forming the bearish linking wave (X) as a triple zigzag W-X-Y-X-Z, with the final motive wave Z developing inside as a simple zigzag [A]-[B]-[C]. The final bearish wave [C] is unfolding as an impulse (1)-(2)-(3)-(4)-(5). The first two sub-waves of the impulse must have completed, and the price should be falling in sub-wave (3) to a level of 850.00.
Trading plan for ETHUSD today:
Sell 1624.40, Take profit: 850.00
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