Short-term forecast for BTCUSD, XRPUSD and ETHUSD 19.11.2021

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.

The BTCUSD market could be declining for some time, but the bearish impulse should soon finish, and the price will start rising in a correction.

The article covers the following subjects:

Elliott wave Bitcoin analysis

The BTCUSD market has finished the upward wave (A) as a five-wave impulse. There is unfolding the beginning of the bearish wave. There could be unfolding an impulse sub-wave, with the first two sub-waves 1 and 2 completed inside. The bearish sub-wave [1] is currently developing as an impulse (1)-(2)-(3)-(4)-(5), which should complete at a level of 53550.00. Next, the price could start rising in correction [2] as outlined in the chart.

Trading plan for BTCUSD today:

Sell 56177.50, TP 53550.00

Elliott wave Ripple analysis

The XRPUSD market continues forming the large linking wave (X) as a triangle, with sub-waves A-B-C-D completed inside. The final leg of the D wave, sub-wave [C], has completed as an impulse (1)-(2)-(3)-(4)-(5). The Ripple price should be rising in the final sub-wave E, which could finish as a simple zigzag at a level of 1.325. One could enter purchases in the current situation.

Trading plan for XRPUSD today:

Buy 1.035, TP 1.325

Elliott wave Ethereum analysis

The ETHUSD market is forming the global impulse, with corrective wave 4 completed inside as a simple zigzag [A]-[B]-[C]. The most recent chart section displays the price rising in the fifth sub-wave unfolding as either an impulse or an ending diagonal. The Ethereum price should be rising in sub-wave 5 to a level above 4340.00. One could enter purchases in the current situation.

Trading plan for ETHUSD today:

Buy 4031.78, TP 4340.00

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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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