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Short-term forecast for BTCUSD, XRPUSD and ETHUSD 30.05.2023

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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

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

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

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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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