Short-term forecast for BTCUSD, XRPUSD and ETHUSD 21.04.2023

2023.04.21 2023.04.21
Short-term forecast for BTCUSD, XRPUSD and ETHUSD 21.04.2023logo

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

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 LiteFinance platform. Just enter this code in the appropriate field while depositing your trading account.Telegram chat for traders: We are sharing the signals and trading experienceTelegram channel with high-quality analytics, Forex reviews, training articles, and other useful things for traders

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.

Rate this article:

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

Source link

Leave a Reply

Your email address will not be published. Required fields are marked *