Short-term forecast for BTCUSD, XRPUSD and ETHUSD 30.05.2023

2023.05.30 2023.05.30
Short-term forecast for BTCUSD, XRPUSD and ETHUSD 30.05.2023

Roman Oneginhttps://www.litefinance.org/blog/authors/roman-onegin/

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.

Elliott wave Bitcoin analysis

Bitcoin continues to form a bearish corrective wave B. Inside it, the last sub-wave [C] is unfolding. Wave [C] can take the shape of an ending diagonal consisting of sub-waves (1)-(2)-(3)-(4)-(5), as shown in the chart. Correction (4) went a little higher than the end of wave (1). Shortly expect the price to fall in the final sub-wave (5) to 25292.00. At the specified level, correction B will be 50% of impulse A.

Trading plan for BTCUSD today:

Sell 27744.40, Take profit: 25292.00

Elliott wave Ripple analysis

The XRPUSD market is building a major linking wave X. It can take the shape of a triple zigzag [W]-[X]-[Y]-[X]-[Z]. The second linking wave [X] has been completed. Soon expect the development of the bearish actionary wave [Z]. It will end around the previous low at 0.409. In the current situation, consider opening short trades.

Trading plan for XRPUSD today:

Sell 0.499, Take profit: 0.409

Elliott wave Ethereum analysis

ETHUSD is developing a downward corrective wave [B] as a triple zigzag (W)-(X)-(Y)-(XX)-(Z). Within this corrective pattern, a linking wave (XX) has recently ended. It has a horizontal shape of the A-B-C zigzag. Shortly expect the development of a bearish actionary wave (Z). It will end at the level of 1672.00, where correction [B] will be 61.8% of wave [A].

Trading plan for ETHUSD for today:

Sell 1897.69, Take profit: 1672.00

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: https://t.me/litefinancebrokerchat. We are sharing the signals and trading experience
• Telegram channel with high-quality analytics, Forex reviews, training articles, and other useful things for traders https://t.me/liteforex