Short-term forecast for BTCUSD, XRPUSD and ETHUSD 14.11.2023
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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 article covers the following subjects:
Elliott wave Bitcoin analysis
The BTCUSD market has completed the horizontal correction (4). Wave (4) took the shape of a contracting triangle A-B-C-D-E. Then wave (5) began unfolding as a 1-2-3-4-5 impulse. Soon expect a price rise to 38900.00, where sub-wave (5) will be 76.4% of the previous impulse wave (3).
Trading plan for BTCUSD today:
Buy 36608.65, Take profit: 38900.00
Elliott wave Ripple analysis
Ripple completed the linking wave [X] as a double zigzag (W)-(X)-(Y)-(X)-(Z). The initial part of a new trend is currently unfolding as a zigzag, as shown in the chart. Shortly, expect a decline in impulse (A) around the price level of 0.559.
Trading plan for XRPUSD today:
Sell 0.661, Take profit: 0.559
Elliott wave Ethereum analysis
The ETHUSD market is forming a bullish impulse wave [A], which consists of five main sub-waves (1)-(2)-(3)-(4)-(5). The first four parts have already been finished. The final rising wave (5) is currently unfolding. Expect completion of correction 4 within impulse (5), and then growth in sub-wave 5 in the direction of level 2176.00. At the indicated level, wave (5) will be 123.6% of impulse (3).
Trading plan for ETHUSD for today:
Buy 2060.80, Take profit: 2176.00
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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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