Short-term forecast for BTCUSD, XRPUSD and ETHUSD 22.03.2023

2023.03.22 2023.03.22
Short-term forecast for BTCUSD, XRPUSD and ETHUSD 22.03.2023logo

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.

Ripple bulls have reached the previous target, but the growth may continue.

The article covers the following subjects:

Elliott wave Bitcoin analysis

The most recent BTCUSD chart section displays the formation of an upward impulse wave [5], consisting of sub-waves (1)-(2)-(3)-(4)-(5). Sub-wave (5) is currently unfolding. Its lateral correction 4 could have ended. Now sub-wave 5 is under construction. The bullish trend is expected to end at the level of 28600.00. At this level, wave 5 of (A) will be equal to the previous impulse (3). Then expect a decline in correction (B).

Trading plan for BTCUSD today:

Buy 28244.62, Take profit: 28600.00

Elliott wave Ripple analysis

The XRPUSD market reached the previous target. However, there is a possibility that the impulse wave [C] hasn’t been completed. Shortly, expect a slight decrease in sub-wave (4), then the price may continue to grow in sub-wave (5). The market may rise to the level of 0.511, where impulse [C] will be 123.6% of impulse [A].

Trading plan for XRPUSD today:

Buy 0.466, Take profit: 0.511

Elliott wave Ethereum analysis

Ethereum continues to develop the final part of the large wave A as the bullish impulse. Now its last sub-wave [5], consisting of sub-waves (1)-(2)-(3)-(4)-(5) is unfolding. The price will rise to the level of 1951.60, where the uptrend will end. At this level, wave [5] will be equal to the previous impulse [3]. After reaching the specified level, expect the price reversal and the start of the correction.

Trading plan for ETHUSD for today:

Buy 1804.57, Take profit: 1951.60

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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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