Short-term forecast for BTCUSD, XRPUSD and ETHUSD 19.09.2022

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 ETHUSD completed the bearish wave, so the price should be rising in a new bullish wave.

The article covers the following subjects:

Elliott wave Bitcoin analysis

The BTCUSD is forming a large double zigzag composed of sub-waves [W]-[X]-[Y]. The linking wave [X] has recently completed as a double zigzag (W)-(X)-(Y). The bullish motive wave [Y] is currently unfolding as a standard zigzag (A)-(B)-(C). The impulse wave (A) and the bearish zigzag-shaped correction (B) have completed. The Bitcoin price should rise in sub-wave (C), exceed the high of 22777.00, and continue rising to a level of 25200.00.

Trading plan for BTCUSD today:

Buy 18796.50, Take profit: 22777.00

Elliott wave Ripple analysis

The XRPUSD market is forming the motive wave W, as the first wave of a large double zigzag. The W wave should be unfolding as a triple zigzag [W]-[X]-[Y]-[X]-[Z], with the final sub-wave [Z] developing inside as a simple zigzag (A)-(B)-(C). The Ripple price should be rising in the final sub-wave 5 to a level of 0.408. 

Trading plan for XRPUSD today:

Buy 0.346, Take profit: 0.408

Elliott wave Ethereum analysis

The ETHUSD market has formed the middle leg of a large double zigzag. The bearish linking wave [X] has completed as a standard zigzag (A)-(B)-(C). Therefore, the market should be rising in the motive wave [Y] to a level higher than the high of 1800.00. One could enter long trades in the current situation.

Trading plan for ETHUSD today:

Buy 1305.13, Take profit: 1800.00

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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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