Short-term forecast for BTCUSD, XRPUSD and ETHUSD 18.09.2023
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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 actionary wave W is currently unfolding as a standard zigzag [A]-[B]-[C]. The first impulse wave [A], consisting of five parts, has been completed. A downward corrective wave [B] is currently unfolding. This wave will end around the level of 25897.50, where it will be 50% of the impulse [A].
Trading plan for BTCUSD today:
Sell 26651.65, Take profit: 25897.50
Elliott wave Ripple analysis
After the end of the linking wave [X], Ripple develops a new ascending pattern as a double zigzag (W)-(X)-(Y). Actionary wave (W) has been completed. Now, the price may fall in the linking wave (X). It is expected to end near the level of 0.466, where it will be 76.4% of wave (W). In the current situation, consider entering sales.
Trading plan for XRPUSD today:
Sell 0.492, Take profit: 0.466
Elliott wave Ethereum analysis
The linking wave (X) is currently unfolding as a double zigzag W-X-Y. The final actionary wave Y is developing as a simple zigzag [A]-[B]-[C]. The first impulse wave [A] is already complete. Now, the correction is developing inside the zigzag wave [B]. It is expected to end around the level of 1579.83, where it will be 61.8% of the impulse [A].
Trading plan for ETHUSD for today:
Sell 1630.59, Take profit: 1579.83
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