Short-term forecast for BTCUSD, XRPUSD and ETHUSD 03.06.2022

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 cryptocurrency prices should be rising in bullish impulses over the next few days.

The article covers the following subjects:

Elliott wave Bitcoin analysis

The BTCUSD has been moving in the initial part of the potential impulse after it completed a large corrective wave (B). So far, sub-waves 1 and 2 have finished in the potential impulse. Sub-waves of a smaller degree [1]-[2] and (1)-(2) have also completed. The Bicton price is now rising in impulse sub-wave [3] composed of sub-waves (1)-(2)-(3)-(4)-(5), with sub-wave (5) developing inside. Sub-wave [3] should finish at a level of 32691.53, where motive wave W completed.

Trading plan for BTCUSD today:

Buy 30481.00, Take profit:  32691.53

Elliott wave Ripple analysis

The XRPUSD market completed the motive wave (Y) and started moving up in the initial part of the new impulse wave. Sub-waves (1) and (2) have completed, and the Ripple price is now rising in impulse wave (3). There should be unfolding sub-waves 3-4-5, as outlined in the chart. Wave (3) should end at a level of 0.534, the previous high marked by correction 4.

Trading plan for XRPUSD today:

Buy 0.405, Take profit: 0.534

Elliott wave Ethereum analysis

The ETHUSD is forming the bullish wave [1], the first sub-wave of the upward five-wave impulse. Wave [1] is likely to be unfolding as an impulse as outlined in the chart. The Ethereum price will be rising in sub-waves 3-4-5 to a level of 2440.00, marked by a short correction 4. An approximate trajectory of the Ethereum future price movement is outlined in the chart.

Trading plan for ETHUSD today:

Buy 1824.57, Take profit: 2440.00

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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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