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

August 31, 2020

August 31, 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), which should complete as a triple three W-X-Y-X-Z. The final wave Z is about to finish as a simple zigzag [a]-[b]-[c]. Its final leg, impulse (5) of [c] looks half-complete. Therefore, the price should continue declining in this impulse to 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]

The XRPUSD market is forming the sideways corrective wave 4 as a double three [w]-[x]-[y]. There is unfolding the down wave [y] as a simple zigzag (a)-(b)-©. The price should be declining to a level of 0.240, where wave 4 will reach the Fibonacci retracement of 61.8% of impulse 3. Next, the Ripple price should start growing in wave 5 to a level of 0.338, as it is outlined in the chart.

Elliott wave[ETHUSD][5] analysis

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

The ETHUSD market has completed the corrective wave (4). Correction (4) has finished as a simple bearish zigzag (A)-(B)-©. The market is now rising in the new uptrend, namely, in the final wave [5] which should conclude the entire global linking wave [X]. Wave [5] may finish as a simple impulse. It should end at a level of 460.00. Therefore, the Ethereum price should be rising for some time.

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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/31-08-2020/BTCUSDH2.png?w=30&s=55efbd6a9404474f64888ac25399ad0d
  3. my.liteforex.com/trading/chart?symbol=XRPUSD
  4. cdn.liteforex.com/cache/uploads/blog_post/wave-analysis-crypto/31-08-2020/XRPUSDH2.png?w=30&s=36a756ec019979cad9113c48d0c498a3
  5. my.liteforex.com/trading/chart?symbol=ETHUSD
  6. cdn.liteforex.com/cache/uploads/blog_post/wave-analysis-crypto/31-08-2020/ETHUSDH2.png?w=30&s=b22f77d8ea6ed996c52e708107a0318f
  7. my.liteforex.com/?category=analysts-opinions&slug=elliott-wave-daily-forecast-for-bitcoin-ripple-and-Ethereum-2020-08-31&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-2020-08-31&promo_code=BLOG&utm_source=blog&utm_medium=article&utm_campaign=bonus
  9. cdn.liteforex.com/cache/uploads/blog_post/wave-analysis-crypto/31-08-2020/BTC-eth-xrp-31-08-2020-wave-analysis.jpg?q=75&w=1000&s=b33a75205bc045231a76c4ced7fec796