Short-term forecast for BTCUSD, XRPUSD and ETHUSD 10.11.2021

I welcome my readers!

I have prepared a short-term cryptocurrency forecast based on Elliott wave analysis of Bitcoin, Ripple, and Ethereum. I offer entry signals to trade each cryptocurrency.

Bitcoin and Ethereum are forming the final parts of large bullish impulses. Let us explore each chart in more detail.

The article covers the following subjects:

Elliott wave Bitcoin analysis

The BTCUSD continues forming the impulse upwave (A) composed of sub-waves 1-2-3-4-5. There is developing the concluding part of the final wave 5. The horizontal corrective wave 4 has completed as a double three [W]-[X]-[Y]. Next, the price has started rising in the bullish impulse wave 5 composed of sub-waves [1]-[2]-[3]-[4]-[5]. The price will continue rising to a level of 73100.00, where wave 5 will be 50% of wave 3.

Trading plan for BTCUSD today:

Buy 66393.00, TP 73100.00


Elliott wave Ripple analysis

The XRPUSD chart displays the structure of the large linking wave (X), with the final sub-wave unfolding inside as a double zigzag (W)-(X)-(Y). The motive wave (W) and the linking wave (X) have completed, so the Ripple price should be rising in the bullish zigzag-shaped wave composed of sub-waves A-B-C to a level above 1.380, as outlined in the chart.

Trading plan for XRPUSD today:

Buy 1.232, TP 1.380


Elliott wave Ethereum analysis

The ETHUSD chart displays the structure of impulse [5] of (5). The third leg of this wave, sub-wave 3, has completed. The market should be rising in correction 4, which should be small. The Ethereum price should be rising in sub-waves 4 and 5 to a level of 4930.00, where wave 5 will end.

Trading plan for ETHUSD today:

Buy 4702.64, TP 4930.00


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Price chart of BTCUSD in real time mode

The content of this article reflects the author’s opinion and does not necessarily reflect the official position of LiteForex. 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.

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