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

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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 bear impulse wave [1] that is composed of five sub-waves (1)-(2)-(3)-(4)-(5) has completed within the new downtrend currently ongoing. The upward correction [2] has also completed as a simple zigzag (a)-(b)-(c). There is now developing the initial phase of the third wave. Therefore, the price should continue declining in the next few weeks.


Elliott wave XRPUSD analysis

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

The XRPUSD market, like other major cryptocurrencies, is following a downtrend, namely, a large bear impulse wave. There has recently finished the down impulse wave 1 and the bullish correction 2. Wave 2 is a plain zigzag [a]-[b]-[c]. Therefore, the price should be declining in the third wave in the next few days.


Elliott wave ETHUSD analysis

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

It is clear from the most recent chart section that the market has been forming the inceptive phase of the bear impulse wave since the upward correction 4 completed. There have completed sub-waves 1 and 2, [1] and [2], and waves of a lower degree (1) and (2). The market is now forming the beginning of the third impulse wave, which should draw the price down below the previous low, which is below 176.59.


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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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