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.

There continues developing the inceptive phase of the new downtrend that has started after the upward double zigzag B completed. The bear impulse wave [1] has completed. There also has completed the upward correction [2] that is composed of the sub-waves (a)-(b)-(c). Therefore, the price should be declining in the third wave in the next few days.


Elliott wave XRPUSD analysis

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

After the triple zigzag [W]-[X]-[Y]-[X]-[Z] completed, the price has started declining in the new down impulse wave. There is currently forming the initial part of the third wave. There completed impulse (1) and corrective wave (2), as well as the bear impulse 1 of a smaller degree. There is now developing the bullish correction 2 as a plain zigzag [a]-[b]-[c]. The price should continue rising for some time in this correction to a level of around 0.210. Next, the market will turn down and start declining.


Elliott wave ETHUSD analysis

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

The ETHUSD market situation is similar to that of other major cryptocurrencies. The price is following a downtrend. The first two phases of the trend have completed, they are sub-waves [1] and [2]. The final impulse c of bullish correction (2) is now developing. The c impulse should complete at a level of around 208.00. Next, the market will turn down, and the price will be declining.


P.S. Did you like my article? Share it in social networks: it will be the best “thank you” 🙂

Ask me questions and comment below. I’ll be glad to answer your questions and give necessary explanations.

Useful links:

  • I recommend trying to trade with a reliable broker here. The system allows you to trade by yourself or copy successful traders from all across the globe.
  • Use my promo-code BLOG for getting deposit bonus 50% on LiteForex platform. Just enter this code in the appropriate field while depositing your trading account.
  • Telegram channel with high-quality analytics, Forex reviews, training articles, and other useful things for traders https://t.me/liteforex

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.

Rate this article:

{{value}} ( {{count}} {{title}} )





Source link

LEAVE A REPLY