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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 cryptocurrency pairs should continue rising in the final sub-waves, concluding bullish trends.
The article covers the following subjects:
Elliott wave Bitcoin analysis
The most recent chart section displays the final, fifth subwave of thew (C) wave of a larger degree. Wave 5 is composed of sub-waves ----, where the first four parts have completed, and the final wave  is still developing. Four waves of a smaller degree (1)-(2)-(3)-(4) have finished within wave . The Bitcoin price should be rising in the subwave (5) to a level of 51900.00. It is relevant to buy.
Trading plan for BTCUSD today:
Buy 46874.50, TP 51900.00
Elliott wave Ripple analysis
The most recent section of the XRPUSD price chart displays the final, fifth, wave, concluding the bullish impulse. In wave , there has completed corrective wave (4) as a double zigzag W-X-Y, whose waves seem to be triple zigzags. The Ripple price should be rising in wave (5) to a level of 1.402. One could enter buy trades under the current conditions.
Trading plan for XRPUSD today:
Buy 1.071, TP 1.402
Elliott wave Ethereum analysis
The ETHUSD market is forming the final leg of the impulse up wave [C], wave (5). Wave (5) should be unfolding as a regular five-wave impulse 1-2-3-4-5. The corrective down wave 4 must have completed as a simple zigzag [A]-[B]-[C]. The Ethereum price should be rising to a level of 3670.00. One could enter purchases in the current situation.
Trading plan for ETHUSD today:
Buy 3094.54, TP 3670.00
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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 LiteForex. 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.