Short-term forecast for BTCUSD, XRPUSD and ETHUSD 26.11.2021

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 Ethereum price could rise higher than earlier expected. Let us study the market situation in more detail.

The article covers the following subjects:

Elliott wave Bitcoin analysis

Since November 10, the market has been declining in the new bearish trend. There could be unfolding a simple zigzag composed of three sub-waves (A)-(B)-(C). So far, the first sub-wave (A) has completed as an impulse 1-2-3-4-5. The upward corrective wave (B) is unfolding as a double zigzag W-X-Y. The Bitcoin price should be rising in the final motive wave Y to a level of 62255.00, where wave (B) will be 50% of the (A) wave.

Trading plan for BTCUSD today:

Buy 57905.00, TP 62255.00

Elliott wave Ripple analysis

The XRPUSD market continued forming the linking wave (X) as a triangle, with the first four sub-waves A-B-C-D completed inside. Therefore, the market is rising in the final sub-wave E; it could soon reach level 1.100, marked by correction (B), and continue rising higher. One could consider entering purchases in the current situation.

Trading plan for XRPUSD today:

Buy 1.029, TP 1.100

Elliott wave Ethereum analysis

The ETHUSD market is forming a descending double zigzag, with the first motive sub-wave (W) completed inside. There is unfolding the counter wave, the linking wave (X), likely as a simple zigzag A-B-C. The final leg of the zigzag seems to be an ending diagonal [1]-[2]-[3]-[4]-[5], which should drive the price a little higher than previously expected. The Ethereum price could reach level 4650.00, where wave (X) will retrace the (W) wave by 76.4%.

Trading plan for ETHUSD today:

Buy 4431.23, TP 4650.00

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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 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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