Short-term forecast for BTCUSD, XRPUSD and ETHUSD 28.03.2022

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 market is to finish the zigzag and start falling in the new bearish wave, like the other two cryptocurrency pairs covered in the article.

The article covers the following subjects:

Elliott wave Bitcoin analysis

The BTCUSD market is moving according to the previously suggested scenario. There is forming a large triangle pattern, with the middle leg, sub-wave [C], completed inside as a double zigzag (W)-(X)-(Y). If so, the market is to start declining to a level below the previous low of 41704.00, forming a new bearish zigzag as outlined in the chart.

Trading plan for BTCUSD today:

Sell 47220.50, Take profit: 41704.00

Elliott wave Ripple analysis

The XRPUSD market is forming the upward linking wave XX. The above chart displays the final leg of the XX wave, sub-wave [Y]. The motive wave [Y] is unfolding as a double zigzag (W)-(X)-(Y), which is about to finish soon. There should be unfolding two sub-waves of a smaller degree [B]-[C], driving the price to a level of 0.877, as outlined in the chart. At the indicated level, the (Y) will be 61.8% of the (W) wave.

Trading plan for XRPUSD today:

Buy 0.868, Take profit: 0.877.

Elliott wave Ethereum analysis

The ETHUSD market, like the BTCUSD, is forming a triangle pattern with the middle leg, sub-wave [C], completed inside as a double zigzag (W)-(X)-(Y). The Ethereum price should be going down in the zigzag-shaped sub-wave to a level below the previous low of 3070.00. An approximate trajectory of the Ethereum future price movement is outlined in the chart. One could enter sell trades in the current situation.

Trading plan for ETHUSD today:

Sell 3324.54, Take profit: 3070.00.

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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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