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Elliott wave cryptocurrency forecast today. Elliott wave analysis Bitcoin, Ripple, Ethereum

August 19, 2020

August 19, 2020

Elliott wave daily forecast for Bitcoin, Ripple and EthereumRoman Onegin

Elliott wave forecast for BTCUSD, ETHUSD, XRPUSD for today

Elliott wave[BTCUSD][1] analysis

![LiteForex: Elliott wave cryptocurrency forecast today. Elliott wave analysis Bitcoin, Ripple, Ethereum][2]

The global impulse wave A, composed of five waves, should have completed. There is developing the beginning of the down corrective wave B. The BTCUSD market should be declining to a level below 11108.00, which is the previous low made by corrective wave (4). We shall continue monitoring the market trends.

Elliott wave[XRPUSD][3] analysis

![LiteForex: Elliott wave cryptocurrency forecast today. Elliott wave analysis Bitcoin, Ripple, Ethereum][4]

The current formation of the XRPUSD market suggests that the upward linking wave [X} has completed as a standard zigzag (A)-(B)-©. There is now forming the beginning of the new downtrend. Most likely, the Ripple price should be declining to a level below the previous low made by the corrective wave 4, which is below 0.267.

Elliott wave[ETHUSD][5] analysis

![LiteForex: Elliott wave cryptocurrency forecast today. Elliott wave analysis Bitcoin, Ripple, Ethereum][6]

The ETHUSD market is likely to have completed the large impulse wave [3]. The price is now declining in the new down corrective wave [4]. The price is likely to continue declining to a level of 366.00, which is the previous low made by the sideways corrective wave (4). Next, when wave (4) completes, the ETHUSD price should turn up and start rising.

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![Elliott wave daily forecast for Bitcoin, Ripple and Ethereum][9]

The content of this article reflects the author’s opinion and does not necessarily reflect the official position of LiteForex. 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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  1. my.liteforex.com/trading/chart?symbol=BTCUSD
  2. cdn.liteforex.com/cache/uploads/blog_post/wave-analysis-crypto/19-08-2020/BTCUSDH2.png?w=30&s=df2271df146e58c6da32138fdad2ff98
  3. my.liteforex.com/trading/chart?symbol=XRPUSD
  4. cdn.liteforex.com/cache/uploads/blog_post/wave-analysis-crypto/19-08-2020/XRPUSDH2.png?w=30&s=37c30854f50cb0f0295ff034eabdf638
  5. my.liteforex.com/trading/chart?symbol=ETHUSD
  6. cdn.liteforex.com/cache/uploads/blog_post/wave-analysis-crypto/19-08-2020/ETHUSDH2.png?w=30&s=eee2c94672caf0638f169cfff9988e1a
  7. my.liteforex.com/?category=analysts-opinions&slug=elliott-wave-daily-forecast-for-bitcoin-ripple-and-Ethereum-2020-08-19&openPopup=%2Fregistration%2Fpopup&utm_source=blog&utm_medium=article&utm_campaign=bonus
  8. my.liteforex.com/deposit/?category=analysts-opinions&slug=elliott-wave-daily-forecast-for-bitcoin-ripple-and-Ethereum-2020-08-19&promo_code=BLOG&utm_source=blog&utm_medium=article&utm_campaign=bonus
  9. cdn.liteforex.com/cache/uploads/blog_post/wave-analysis-crypto/19-08-2020/BTC-eth-xrp-19-08-2020-wave-analysis.jpg?q=75&w=1000&s=8b3e1d4fc551ec05cdf495c5fb9226ab