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

August 28, 2020

August 28, 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 BTCUSD market continues forming the sideways corrective wave (4) as a triple three composed of the sub-waves W-X-Y-X-Z. There is unfolding the final leg of the pattern, the downward wave Z. Wave Z is developing as a simple zigzag [a]-[b]-[c]. The sub-waves [a] and [b] have completed, and the final impulse wave [c] is forming. The price should continue declining towards a level of 11000.00. Next, the market should turn up and start a new uptrend.

Elliott wave[XRPUSD][3] analysis

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

There is developing the sideways corrective wave [4] as a double three composed of three sub-waves [w]-[x]-[y]. After the two sub-waves [w] and [x] completed, the market has started declining in the final motive wave [y] that could complete as a standard zigzag. The price is now declining in the impulse wave © towards a level of 0.240. At this level, the entire correction 4 will be 61.8% of impulse 3, according to Fibonacci retracements.

Elliott wave[ETHUSD][5] analysis

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

The ETHUSD market is forming the corrective down wave [4] that is an element of the upward impulse wave C of a larger degree, which is displayed in the chart. Correction [4] is likely to complete as a simple zigzag (A)-(B)-©. The price should be declining in the © impulse to a level of 338.20. At this level, wave [4] will be 50% of the bullish impulse [3], according to the Fibonacci retracements. This ratio is highly likely to be reached.

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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/28-08-2020/BTCUSDH2.png?w=30&s=66acf5f083efa892501fc73b8c326dc2
  3. my.liteforex.com/trading/chart?symbol=XRPUSD
  4. cdn.liteforex.com/cache/uploads/blog_post/wave-analysis-crypto/28-08-2020/XRPUSDH2.png?w=30&s=28d149ee51108b61ee8bf4920425b781
  5. my.liteforex.com/trading/chart?symbol=ETHUSD
  6. cdn.liteforex.com/cache/uploads/blog_post/wave-analysis-crypto/28-08-2020/ETHUSDH2.png?w=30&s=2c727bac589ded12b853d7a1a554447d
  7. my.liteforex.com/?category=analysts-opinions&slug=elliott-wave-daily-forecast-for-bitcoin-ripple-and-Ethereum-2020-08-28&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-2020-08-28&promo_code=BLOG&utm_source=blog&utm_medium=article&utm_campaign=bonus
  9. cdn.liteforex.com/cache/uploads/blog_post/wave-analysis-crypto/28-08-2020/BTC-eth-xrp-28-08-2020-wave-analysis.jpg?q=75&w=1000&s=18ca3ad59991c60b2bde7218c4766ead