Short-term forecast for BTCUSD, XRPUSD and ETHUSD 30.12.2021

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.

Shortly, all cryptocurrencies are expected to rise within impulse waves to previous highs.

The article covers the following subjects:

Elliott wave Bitcoin analysis

The Bitcoin market is developing corrective wave [B] as a double three (W) – (X) – (Y). This corrective wave includes fully completed sub-waves (W) – (X). An upward actionary wave (Y) is currently developing as a triple zigzag W-X-Y-XX-Z. Pay attention to the last part of this pattern. Perhaps, the price decline within linking wave XX has ended, and now the actionary wave Z is starting to unfold. This wave may take the shape of a simple zigzag [A] – [B] – [C], as shown in the chart. The first impulsive wave [A] is likely to end at the previous high of 52000.00.

Trading plan for BTCUSD today:

Buy 46750.00, TP 52000.00

Elliott wave Ripple analysis

The XRPUSD market is forming a corrective wave B, consisting of sub-waves [W] – [X] – [Y]. The actionary wave [Y] is unfolding. This wave may take the shape of a double zigzag (W) – (X) – (Y), in which the middle part, linking wave (X), has been completed. Soon, an actionary wave (Y) is expected to develop in the shape of a simple zigzag A-B-C, as shown in the chart. The first impulse wave A will likely end around the previous high of 0.951.

Trading plan for XRPUSD today:

Buy 0.822, TP 0.951

Elliott wave Ethereum analysis

The ETHUSD market develops a large linking wave X as a double three [W] – [X] – [Y]. The actionary wave [Y] is currently unfolding. Most likely, the decline within the linking wave (X) ended. Therefore, the market may start building an upward zigzag A-B-C in the near future, as shown in the chart. The first impulse wave A is likely to end around level 4125.00, which was marked by sub-wave X.

Trading plan for ETHUSD today:

Buy 3662.29, TP 4125.00

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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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