Short-term forecast for BTCUSD, XRPUSD and ETHUSD 04.04.2022

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 ETHUSD and BTCUSD continue rising in the triple zigzags. The XRPUSD is moving down in the initial part of the potential double zigzag.

The article covers the following subjects:

Elliott wave Bitcoin analysis

The BTCUSD market is forming the global linking wave X as a double zigzag [W]-[X]-[Y]. The current chart displays the structure of the final motive wave [Y], composed of sub-waves (W)-(X)-(Y). The final sub-wave (Y) is currently unfolding as an upward triple zigzag W-X-Y-XX-Z, which should be concluded by the final sub-wave Z at a level of 48650.00, where sub-waves (W) and (Y) will be equal.

Trading plan for BTCUSD today:

Buy 46117.50, Take profit: 48650.00

Elliott wave Ripple analysis

The XRPUSD market is forming a corrective trend as a triple zigzag W-X-Y-XX-Z. The market must have completed the second linking wave XX as a double zigzag [W]-[X]-[Y]. The price is now falling in the bearish waves unfolding as a double zigzag, with the first motive wave (W) unfolding inside. Sub-waves W and X must have completed in the (W) wave. Over the next few days, the market should be declining in the impulse sub-wave [C] that will conclude the zigzag-shaped wave Y at a level around the previous low of 0.775.

Trading plan for XRPUSD today:

Sell 0.832, Take profit: 0.775.

Elliott wave Ethereum analysis

The ETHUSD market is forming a large linking wave XX as a double zigzag. The current chart displays the structure of the final motive wave [Y] unfolding as a double zigzag (W)-(X)-(Y). There is developing the final motive wave (Y) composed of sub-waves W-X-Y. The upward sub-wave Y is forming as a triple zigzag [W]-[X]-[Y]-[X]-[Z], which should soon end at a level of 3662.00. At the indicated level, sub-wave (Y) will be 161.8% of the (W) wave.

Trading plan for ETHUSD today:

Buy 3504.31, Take profit: 3662.00.

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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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