2023.04.21 2023.04.21
Short-term forecast for BTCUSD, XRPUSD and ETHUSD 21.04.2023Roman Oneginhttps://www.litefinance.org/blog/authors/roman-onegin/
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.
The article covers the following subjects:
Elliott wave Bitcoin analysis
Bitcoin is falling as part of the initial part of a new corrective wave (B). Judging by the initial part of this correction, the whole wave may take the shape of a double zigzag. Wave W is unfolding. Its structure is similar to a double zigzag of a smaller wave degree. The actionary wave [Y] will end near the level of 27453.58, where it will be 161.8% of wave [W]. Also, the above-mentioned level serves as the low marked by the correction (2).
Trading plan for BTCUSD today:
Sell 28252.03, Take profit: 27453.58
Elliott wave Ripple analysis
XRPUSD is developing the first actionary wave [W] as a standard zigzag (A)-(B)-(C). The last sub-wave (C) is currently unfolding as an impulse. It will end near the level of 0.444. At this level, impulses (A) and (C) will be equal. An approximate trajectory of the future price movement is outlined in the chart.
Trading plan for XRPUSD today:
Sell 0.472, Take profit: 0.444
Elliott wave Ethereum analysis
The most recent Ethereum chart section displays the initial part of a bearish correction B. Sub-waves (1)-(2) have already been completed. The price may move in impulse (3) toward the low of 1850.99, marked by a triangle correction (4). An approximate trajectory of the future price movement is outlined in the chart.
Trading plan for ETHUSD for today:
Sell 1946.39, Take profit: 1850.99
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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.
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