Short-term forecast for BTCUSD, XRPUSD and ETHUSD 30.08.2023

2023.08.30 2023.08.30
Short-term forecast for BTCUSD, XRPUSD and ETHUSD 30.08.2023logo

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 continues to develop a new actionary wave (Z) as a double zigzag W-X-Y. The first sub-wave W, as well as wave X have been completed. The most recent BTCUSD chart section displays the formation of the initial part of the final actionary wave Y. It is expected to end at the high of correction [B].

Trading plan for BTCUSD today:

Buy 27444.18, Take profit: 29664.96

Elliott wave Ripple analysis

The XRPUSD market completed wave XX, after which the price began to rise. Wave Z is currently unfolding. Its initial part looks like a double zigzag. Waves [W] and [X] have been completed. An upward movement within wave [Y] has already begun. The pair may rise to the price level of 0.632, marked by correction (4).

Trading plan for XRPUSD today:

Buy 0.531, Take profit: 0.632

Elliott wave Ethereum analysis

Ethereum has completed the first part of the bearish double zigzag, i.e., the actionary wave (W). The linking wave (X) is currently unfolding as a double zigzag W-X-Y. The first wave W has already been completed. The linking wave X has been completed as a zigzag. Soon expect the price to move higher towards the high of 1858.31 within the actionary wave Y.

Trading plan for ETHUSD for today:

Buy 1715.47, Take profit: 1858.31

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Ask me questions and comment below. I’ll be glad to answer your questions and give necessary explanations.

Useful links:

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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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