Short-term forecast for BTCUSD, XRPUSD and ETHUSD 19.01.2022

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.

Final impulse sub-waves will conclude corrective waves for all cryptocurrencies covered in the article. Therefore, the prices should be rising in potential impulses.

The article covers the following subjects:

Elliott wave Bitcoin analysis

The market continues forming the large descending wave W as a simple zigzag [A]-[B]-[C]. After the corrective wave [B] completed, the price has started declining in the [C] wave unfolding as an impulse (1)-(2)-(3)-(4)-(5). The first three legs, sub-waves (1)-(2)-(3), of the potential impulse look complete. There is forming correction (4) as a zigzag A-B-C. The down corrective wave B may have completed as a double zigzag [W]-[X]-[Y]. The market should be rising in the C wave to the previous high of 44454.55.

Trading plan for BTCUSD today:

Buy 41693.50, Take profit: 44454.55.


Elliott wave Ripple analysis

The large bearish wave Y continues developing as a simple zigzag [A]-[B]-[C], with the final impulse wave [C] unfolding inside. The first three sub-waves have completed in the [C] wave, and correction (4) is currently developing. Correction B must have completed as a bearish zigzag [A]-[B]-[C]. The market should be rising in the C wave to a level of 0.805, marked by the A impulse.

Trading plan for XRPUSD today:

Buy 0.740, Take profit: 0.805.


Elliott wave Ethereum analysis

The Y wave is currently unfolding as a simple zigzag, with the first two sub-waves completed and the final wave [C] developing inside. The [C] wave should be unfolding as a regular impulse (1)-(2)-(3)-(4)-(5), where correction (4) is currently developing as a simple zigzag A-B-C. Correction B must have completed, and the price should be rising in sub-wave C. Therefore, the market should continue rising in sub-wave C to the previous high of 3414.93.

Trading plan for ETHUSD today:

Buy 3101.60, Take profit: 3414.93.


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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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