Short-term forecast for BTCUSD, XRPUSD and ETHUSD 15.09.2022

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 cryptocurrencies covered in the article should be rising in bullish impulses.

The article covers the following subjects:

Elliott wave Bitcoin analysis

The BTCUSD is forming the new corrective wave as a zigzag (A)-(B)-(C), with the first wave (A) unfolding inside as an impulse -2-3-4-5. Correction 4 must have completed, and the final wave 5 should be developing as a bullish impulse [1]-[2]-[3]-[4]-[5], as outlined in the chart. The pattern should end at a level of 23145.00, where waves 3 and 5 will be equal.

Trading plan for BTCUSD today:

Buy 20083.25, Take profit: 23145.00

Elliott wave Ripple analysis

The XRPUSD market continues forming the final sub-wave [Z] of the large triple zigzag (X). The [Z] wave is developing as a standard zigzag (A)-(B)-(C), with impulse (A) and bearish correction (B) completed inside. The Ripple price should be rising in the final sub-wave (C), developing as an impulse 1-2-3-4-5, to a level of 0.408.

Trading plan for XRPUSD today:

Buy 0.334, Take profit: 0.408

Elliott wave Ethereum analysis

The ETHUSD market is forming the upward impulse wave [A] composed of sub-waves (1)-(2)-(3)-(4)-(5). The final sub-wave (5) is currently unfolding as an impulse 1-2-3-4-5. The Ethereum price should be rising in impulse 3 to the previous high of 1879.00, marked by correction [4]. The entire wave (5) could end at a level of 2200.00, where impulse (5) will be 76.4% of wave (3).

Trading plan for ETHUSD today:

Buy 1607.60, Take profit: 1879.00

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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.

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