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.
Bearish trends could begin in all cryptocurrencies.
The article covers the following subjects:
Elliott wave Bitcoin analysis
Bitcoin has completed the upward impulse wave [A] and has already begun developing a bearish correction [B]. This correction can take the shape of a double zigzag (W)-(X)-(Y). The first actionary wave (W) has been completed. Soon, expect growth in the linking wave (X) and a decline in (Y) toward 33380.40. At this level, the correction [B] will be 38.2% of [A].
Trading plan for BTCUSD today:
Sell 35414.87, Take profit: 33380.40
Elliott wave Ripple analysis
The XRPUSD market completed the linking wave [X] as a double zigzag (W)-(X)-(Y)-(X)-(Z). The initial part of a new trend is currently unfolding as a zigzag, as shown in the chart. Shortly, expect a decline in impulse (A) around the price level of 0.559.
Trading plan for XRPUSD today:
Sell 0.623, Take profit: 0.559
Elliott wave Ethereum analysis
Ethereum has completed an upward impulse wave [A]. After this, the price began to decline in the corrective wave [B]. This correction can take the shape of a double zigzag (W)-(X)-(Y). Soon expect a slight rise in the linking wave (X) and then a decline in the last sub-wave (Y) in the direction of 1898.70. At the specified level, correction [B] will be 38.2% of impulse [A].
Trading plan for ETHUSD for today:
Sell 1973.80, Take profit: 1898.70
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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.
منبع: https://www.litefinance.org/blog/analysts-opinions/short-term-forecast-for-btcusd-xrpusd-and-ethusd-15112023/
