Short-term forecast for BTCUSD, XRPUSD and ETHUSD 29.03.2022

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 previous scenarios for ETHUSD and BTCUSD are not relevant now. The XRPUSD is following the earlier suggested scenarios.

The article covers the following subjects:

Elliott wave Bitcoin analysis

The BTCUSD may be forming the large linking wave X, which is an element of a larger zigzag, composed of sub-waves [W]-[X]-[Y]. The current chart displays the final sub-wave [Y] composed of three sub-waves (W)-(X)-(Y), where the first two legs have completed. There is unfolding the final sub-wave (Y) as a triple zigzag. The bullish momentum should finish at a level of 51226.00, where sub-wave (Y) will be 123.6% of wave (W).

Trading plan for BTCUSD today:

Buy 47526.00, Take profit: 51226.00

Elliott wave Ripple analysis

The XRPUSD market is forming the linking upwave XX. The current chart displays its final leg, sub-wave [Y] completed as a double zigzag (W)-(X)-(Y). There is developing the bearish wave (A), which could drive the price down to a level of 0.816, marked by the linking wave X.

Trading plan for XRPUSD today:

Sell 0.875, Take profit: 0.816.

Elliott wave Ethereum analysis

The ETHUSD market should be forming the linking wave XX as a double zigzag. The current chart displays the structure of the upward wave [Y] unfolding as a double zigzag (W)-(X)-(Y). Sub-waves (W) and (X) must have completed. There is developing the final part of the motive wave (Y), which is a triple zigzag [W]-[X]-[Y]-[X]-[Z], at a level of 3675.00. At the indicated level, wave (Y) will be 161.8% of the (W) wave.

Trading plan for ETHUSD today:

Buy 3390.56, Take profit: 3675.00.

P.S. Did you like my article? Share it in social networks: it will be the best “thank you” 🙂

Ask me questions and comment below. I’ll be glad to answer your questions and give necessary explanations.

Useful links:

  • I recommend trying to trade with a reliable broker here. The system allows you to trade by yourself or copy successful traders from all across the globe.
  • Use my promo-code BLOG for getting deposit bonus 50% on LiteFinance platform. Just enter this code in the appropriate field while depositing your trading account.
  • Telegram chat for traders: We are sharing the signals and trading experience
  • Telegram channel with high-quality analytics, Forex reviews, training articles, and other useful things for traders

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.

Rate this article:

value ( count title )

Source link

Leave a Reply

Your email address will not be published.