Short-term forecast for BTCUSD, XRPUSD and ETHUSD 21.01.2022

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.

All three cryptocurrencies covered in the article have completed corrective waves as horizontal double threes. The prices are currently falling.

The article covers the following subjects:

Elliott wave Bitcoin analysis

The large motive wave continues developing as a simple zigzag [A]-[B]-[C]. There is forming its final impulse wave [C] composed of five sub-waves (1)-(2)-(3)-(4)-(5). Corrective wave (4) has completed earlier than expected as a double three W-X-Y. The price must be moving in the impulse wave (5) to a level of 37000.00. At this level, wave W could complete, and there will start a new bullish wave.

Trading plan for BTCUSD today:

Sell 38828.50, Take profit: 37000.00.


Elliott wave Ripple analysis

The large down wave Y continues developing as a simple zigzag [A]-[B]-[C], with the final wave [C] unfolding inside. Corrective wave (4) has completed as a horizontal double three. The price has started falling in sub-wave (5). Wave (5) could finish at a level of around 0.591.

Trading plan for XRPUSD today:

Sell 0.692, Take profit: 0.591.


Elliott wave Ethereum analysis

The down wave Y continues forming as an element of the triple zigzag of a larger degree. The Y wave is unfolding as a simple zigzag [A]-[B]-[C], with the descending wave [C] developing as an impulse (1)-(2)-(3)-(4)-(5) inside. Corrective wave (4) must have completed as a horizontal double three W-X-Y. The price is declining in sub-wave (5), which should end at a level of 2700.00. Next, the price could start rising in the linking wave XX.

Trading plan for ETHUSD today:

Sell 2852.72, Take profit: 2700.00.


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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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