Short-term forecast for BTCUSD, XRPUSD and ETHUSD 29.11.2021

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 XRPUSD must have started forming the final leg of the global contracting triangle.

The article covers the following subjects:

Elliott wave Bitcoin analysis

The BTCUSD market must be forming the descending simple zigzag (A)-(B)-(C). The first sub-wave (A) has completed, it is composed of sub-waves 1-2-3-4-5. Therefore, there is unfolding the initial part of the upward correction as a simple zigzag A-B-C. The first impulse wave A should end around the high of 60000.00, marked by sub-wave [W].

Trading plan for BTCUSD today:

Buy 57366.50, TP 60000.00


Elliott wave Ripple analysis

The XRPUSD market continues forming a triangle pattern, with the down wave D completed inside as a double zigzag [W]-[X]-[Y]. The market is now going up in the final wave E, likely unfolding as a simple zigzag [A]-[B]-[C], as outlined in the chart. The first impulse sub-wave [A] could finish around the previous high of 1.070. Therefore, the market should be rising in sub-waves (3)-(4)-(5) to the indicated level.

Trading plan for XRPUSD today:

Buy 0.972, TP 1.070


Elliott wave Ethereum analysis

The ETHUSD market is forming the descending corrective trend as a double zigzag (W)-(X)-(Y). The motive wave (W) and the linking wave (X) have completed as simple zigzags. There could be forming the initial part of the impulse wave. Impulse 1 has completed, and the zigzag-shaped correction 2 is about to finish soon; its impulse wave [C] could end at a level around 4473.70.

Trading plan for ETHUSD today:

Buy 4321.82, TP 4473.70


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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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