Short-term forecast for BTCUSD, XRPUSD and ETHUSD 01.04.2022

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 XRPUSD has reached the indicated target, and there are new target levels for bears.

The article covers the following subjects:

Elliott wave Bitcoin analysis

The BTCUSD chart displays the motive wave [Y] unfolding as a double zigzag (W)-(X)-(Y). Wave (W) is a simple zigzag, wave (X) is a double zigzag, and the final motive wave (Y) is still developing as a triple zigzag, which should be concluded by the Z wave at a level of 48650.00. At this level, waves (Y) and (W) will be equal.

Trading plan for BTCUSD today:

Buy 44715.00, Take profit: 48650.00

Elliott wave Ripple analysis

The XRPUSD market is forming a corrective trend. The H1 chart displays the linking upwave XX that is complete. The most recent chart section displays the beginning of the new bearish trend developing as a double zigzag (W)-(X)-(Y). There is unfolding the bearish motive wave (W) as a double zigzag W-X-Y, which should finish at a level of 0.738, marked by the linking wave (X).

Trading plan for XRPUSD today:

Sell 0.819, Take profit: 0.738.

Elliott wave Ethereum analysis

The ETHUSD chart displays the structure of the upwave [Y] unfolding as a double zigzag (W)-(X)-(Y). The first two sub-waves of the zigzag have completed as a simple and a double zigzags. The bullish motive wave (Y) is currently unfolding as a double zigzag W-X-Y, like the linking wave (X). The Y wave is currently unfolding as a triple zigzag, which should finish at a level of 3675.00. At the indicated level, wave (Y) will be 161.8% of the (W) wave.

Trading plan for ETHUSD today:

Buy 3253.63, Take profit: 3675.00.

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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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