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.

There is forming a large upward impulse. The chart displays the structure of the sideways corrective wave [4] that started in May 2020. Correction [4] is developing as a double three (W)-(X)-(Y). After sub-waves (W) and (X) completed, the price started declining in the final wave (Y) that is likely to complete as double zigzag W-X-Y. In the near future, following a short price rise, the correction [b] of Y should complete. After that, the price could start declining in impulse [c] of Y to the support level.


Elliott wave XRPUSD analysis

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

The two-hour XRPUSD price chart displays the downtrend developing. There is forming the corrective wave (B) as a double zigzag. This double zigzag could finish soon. There is now developing the bear zigzag [Y] that is composed of sub-waves (A)-(B)-(C). In the near future, the price could rise a little in the correction (B) of  [Y]. After that, the price can turn down and start declining in impulse (C) to a level of the previous low at 0.165.


Elliott wave ETHUSD analysis

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

There is now developing the upward impulse wave [5] that is composed of five sub-waves (1)-(2)-(3)-(4)-(5). The first three parts of it, the sub-waves (1)-(2)-(3), have completed. There is now developing the corrective wave (4) that is likely to complete as a double three W-X-Y. There is now developing the bear wave Y as a simple zigzag [a]-[b]-[c]. During this trading week, there should complete correction [b]. Next, the price should start declining in impulse [c] to level 216.76, which is the previous low made by zigzag W.


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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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