Short-term forecast for BTCUSD, XRPUSD and ETHUSD 15.04.2022

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 target level but continues rising. Based on the Fibonacci tools, a new target has been set.

The article covers the following subjects:

Elliott wave Bitcoin analysis

The BTCUSD market continues forming the new corrective wave as a double zigzag [W]-[X]-[Y], with the first motive wave [W] unfolding inside as a simple zigzag (A)-(B)-(C). There is forming the final impulse (C) composed of five sub-waves 1-2-3-4-5. The final sub-wave [5] is forming in wave 5; it could end at a level of 38833.00. One could enter short trades in the current situation.

Trading plan for BTCUSD today:

Sell 40120.00, Take profit: 38833.00

Elliott wave Ripple analysis

The XRPUSD market is forming the bearish double zigzag (W)-(X)-(Y), with the first motive wave (W) completed inside. The bearish linking wave (X) is developing as a double zigzag W-X-Y. The pattern could complete at a higher level than expected. A new target is at a level of 0.794, where wave (X) will retrace the (W) wave by half. One could enter long trades in the current situation.

Trading plan for XRPUSD today:

Buy 0.777, Take profit: 0.794.

Elliott wave Ethereum analysis

The ETHUSD is forming a corrective pattern as a simple zigzag [A]-[B]-[C], with the first bearish wave [A] unfolding inside as an impulse (1)-(2)-(3)-(4)-(5). Sub-waves (1)-(2)-(3)-(4) have completed, and the final sub-wave (5) is still unfolding. The price will be declining in the final sub-wave 5 that will conclude impulse (5) at a level around 2808.00, marked by the linking wave X.

Trading plan for ETHUSD today:

Sell 3034.10, Take profit: 2808.00.

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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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