Short-term forecast for BTCUSD, XRPUSD and ETHUSD 06.04.2022

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 must have completed the first part of the potential double zigzag, so the market could turn up and start forming the bullish linking wave.

The article covers the following subjects:

Elliott wave Bitcoin analysis

The BTCUSD market is forming the final motive wave [Y] in the large linking wave X. Wave [Y] is composed of three sub-waves (W)-(X)-(Y). The first two sub-waves have completed, and the final sub-wave (Y) is still unfolding as a triple zigzag, which will be concluded by the Z wave. Sub-wave Z should end as a double zigzag at a level of 48650.00.

Trading plan for BTCUSD today:

Buy 45334.50, Take profit: 48650.00

Elliott wave Ripple analysis

The most recent XRPUSD chart section displays the initial part of the double zigzag, composed of three sub-waves (W)-(X)-(Y). The bearish wave (W) has completed as a double zigzag. The price should be rising in bullish linking wave (X) to a level of 0.857. At this level, wave (X) will be 61.8% of wave (W).

Trading plan for XRPUSD today:

Buy 0.810, Take profit: 0.857.

Elliott wave Ethereum analysis

The ETHUSD is forming wave [Y] as a double zigzag (W)-(X)-(Y) that is the final leg in the linking wave XX. There is developing the bullish wave (Y) as a double zigzag W-X-Y, with the Y wave unfolding inside as a triple zigzag [W]-[X]-[Y]-[X]-[Z]. The price should be rising in the [C] impulse to 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 3357.61, 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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