Short-term forecast for BTCUSD, XRPUSD and ETHUSD 23.09.2022

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 BTCUSD and the ETHUSD continue rising in potential bullish impulses. The XRPUSD is about to start forming a new bear wave.

The article covers the following subjects:

Elliott wave Bitcoin analysis

The BTCUSD is forming the final part of a large double zigzag [W]-[X]-[Y]. The [Y] is currently unfolding as a simple zigzag (A)-(B)-(C), with the first two legs completed inside. The final sub-wave (C) is developing as an impulse 1-2-3-4-5, as outlined in the chart. The Bitcoin price should be rising in sub-wave 3 to a level of 22777.00.

Trading plan for BTCUSD today:

Buy 19317.80, Take profit: 22777.00

Elliott wave Ripple analysis

The XRPUSD is forming a long-term corrective trend as a double zigzag W-X-Y. The first sub-wave W has completed as a triple zigzag [W]-[X]-[Y]-[X]-[Z]. The Ripple price should be falling in the bearish linking wave X to a level of 0.382, marked by correction [4].

Trading plan for XRPUSD today:

Sell 0.479, Take profit: 0.382

Elliott wave Ethereum analysis

The ETHUSD market is forming a large double zigzag, with the linking wave [X] completed inside as a simple zigzag (A)-(B)-(C). The first impulse wave (A) is currently forming as the first wave of the motive [Y]. The upside impulse should end at a level of 1800.00. An approximate trajectory of the Ethereum future price movement is outlined in the chart.

Trading plan for ETHUSD today:

Buy 1321.58, 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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