Short-term forecast for BTCUSD, XRPUSD and ETHUSD 11.03.2022

I welcome my readers!

I have prepared a short-term cryptocurrency forecast based on Elliott wave analysis of Bitcoin, Ripple, and Ethereum. I offer entry signals to trade each cryptocurrency.

The XRPUSD is forming the double zigzag, with the final leg unfolding as an ending diagonal.

The article covers the following subjects:

Elliott wave Bitcoin analysis

The BTCUSD is forming the final sub-wave [Y] of the double zigzag Y. The [Y] wave is unfolding as a simple zigzag (A)-(B)-(C). Impulse (A) and correction (B) look complete. The market is declining in the final impulse wave (C) towards a level of 34288.00, the previous low marked by the [W] wave. It is relevant to sell.

Trading plan for BTCUSD today:

Sell 38639.00, Take profit: 34288.00

Elliott wave Ripple analysis

The XRPUSD market is forming the final wave Z of the global double zigzag [W]-[X]-[Y]. The first motive wave must have completed, and the linking wave [X] is currently forming as a double zigzag (W)-(X)-(Y) of a smaller degree. The upward wave C is unfolding as an ending diagonal [1]-[2]-[3]-[4]-[5] in the motive wave (Y). The C wave should finish at a level of 0.803, where the (Y) wave will be 61.8% of wave (W).

Trading plan for XRPUSD today:

Buy 0.733, Take profit: 0.803.

Elliott wave Ethereum analysis

The ETHUSD market is forming the double zigzag [W]-[X]-[Y]. The first two sub-waves have completed, and the final sub-wave [Y] is developing as a simple zigzag (A)-(B)-(C). Impulse (A) and correction (B) have finished, and the impulse down wave (C) should be unfolding, driving the price to a level of 2248.00, the previous low marked by sub-wave [W].

Trading plan for ETHUSD today:

Sell 2546.35, Take profit: 2298.00.

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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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