Elliott wave forecast for BTCUSD, ETHUSD, XRPUSD for today

Elliott wave BTCUSD analysis

LiteForex: Elliott wave cryptocurrency forecast today. Elliott wave analysis Bitcoin, Ripple, Ethereum.

The BTCUSD market continues forming the upward corrective wave B that is a triple zigzag composed of the sub-waves [w]-[x]-[y]-[x]-[z]. There is unfolding the final zigzag-shaped wave [z] of the triple formation. The sub-waves (a) and (b) look complete, the (c) impulse hasn’t yet finished. It may complete at a level around 8100.00. After that, the market should turn down and start declining in the C-wave, as it is outlined in the chart.


Elliott wave XRPUSD analysis

LiteForex: Elliott wave cryptocurrency forecast today. Elliott wave analysis Bitcoin, Ripple, Ethereum.

The XRPUSD market situation is similar to that of the bitcoin. There is forming the upward triple zigzag [w]-[x]-[y]-[x]-[z], namely, its final leg, wave [z]. Based on the structure unfolding, wave [z] is a simple zigzag (a)-(b)-(c), where waves (a) and (b) are complete, and the (c) impulse is still developing. There is likely to complete the small down correction [4] soon, next, the price should start rising in wave [5] to a level of 0.224, where the entire long-term correction 4 should finish. An approximate trajectory of the Ripple future price movement is outlined in the chart.


Elliott wave ETHUSD analysis

LiteForex: Elliott wave cryptocurrency forecast today. Elliott wave analysis Bitcoin, Ripple, Ethereum.

Within the corrective wave 4 currently unfolding, there is forming the final motive wave [z] as a simple zigzag (a)-(b)-(c). There is likely to be developing the final leg of the (c) impulse. This impulse may complete at a level around 202.00. After that, the price should be declining in wave 5 to a level of 98.67. This level is the previous low, created by the bear impulse wave 3.


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Elliott wave daily forecast for Bitcoin, Ripple and Ethereum

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.

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