Short-term forecast for BTCUSD, XRPUSD and ETHUSD 22.09.2022

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 Ripple must have completed the motive wave of the potential double zigzag, and the price should be falling in the bearish corrective wave.

The article covers the following subjects:

Elliott wave Bitcoin analysis

The BTCUSD market is forming the upward motive wave [Y] as a standard zigzag (A)-(B)-(C). The first two sub-waves (A) and (B) have completed as an impulse and a zigzag. The price should be rising in the upward wave (C), unfolding as an impulse 1-2-3-4-5. Impulse wave 3 of the impulse should finish at a level of 22777.00, marked by the (A) impulse.

Trading plan for BTCUSD today:

Buy 18713.50, Take profit: 22777.00


Elliott wave Ripple analysis

The XRPUSD market is forming the upward corrective pattern as a double zigzag W-X-Y. The first motive wave W looks completed as a triple zigzag [W]-[X]-[Y]-[X]-[Z]. The price should be falling in the bearish linking wave X to a level below 0.368.

Trading plan for XRPUSD today:

Sell 0.408, Take profit: 0.368


Elliott wave Ethereum analysis

The ETHUSD market is forming the global double zigzag [W]-[X]-[Y]. The bearish linking wave [X] must have completed as a standard zigzag (A)-(B)-(C). The upward motive wave [Y] is currently developing, and the price should rise to a level of 1800.00. One could enter long trades in the current situation.

Trading plan for ETHUSD today:

Buy 1261.07, 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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