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Elliott wave analysis BTCUSD, XRPUSD and ETHUSD today (September 25 2020)

2020-09-25

2020-09-25

Short-term forecast for BTCUSD, XRPUSD and ETHUSD 25.09.2020Roman Onegin

I welcome my readers!

I have prepared a short-term cryptocurrency forecast based on Elliott wave analysis of Bitcoin, Ripple, and Ethereum. I suggest entry signals to trade each cryptocurrency.

Bitcoin and Ripple have finished down impulse waves. Both cryptocurrencies are forming the bullish corrective waves. One could enter purchases under the current conditions.

The article covers the following subjects:

Elliott wave Bitcoin analysis

After the bullish impulse wave A completed, there has started the corrective wave B. The B wave mus be unfolding as a double zigzag [W]-[X]-[Y]. There have finished waves [W] and [X], and the bullish correction (B), which is the final leg of the [Y] wave, is currently forming. It may complete at a level of around 10935. Next, there should be developing the bear impulse wave © that will conclude the large corrective wave B.

Trading plan for [BTCUSD][1] today:

Buy 10687.00, TP 10935.00

Elliott wave Ripple analysis

The upward linking wave (X) has lately completed as a triple zigzag W-X-Y-XX-Z. Next, there has started forming a down zigzag. The bearish wave A has completed as a five-wave impulse. The market is now forming an upward corrective wave B that may reach level 0.249. After this level is reached, the price could reverse and start declining in the new downtrend.

Trading plan for [XRPUSD][2] today

Buy 0.231, TP 0.249

Elliott wave Ethereum analysis

After the corrective wave (Y) has completed, the price has started declining in the new downtrend. There must be developing the bearish zigzag A-B-C. Wave A is an impulse, the corrective wave B has a complex structure of a triple zigzag. There is now forming the beginning of the new impulse. After the short impulse wave [1] completed, the market has started rising in correction [2]. The price could continue rising to a level of 366.39. Next, the market should resume declining.

Trading plan  [ETHUSD][3] today

Buy 344.59, TP 366.39

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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. my.liteforex.com/trading/chart?symbol=XRPUSD
  3. my.liteforex.com/trading/chart?symbol=ETHUSD
  4. my.liteforex.com/?category=analysts-opinions&slug=short-term-forecast-for-BTCusd-xrpusd-and-ethusd-25092020&openPopup=%2Fregistration%2Fpopup&utm_source=blog&utm_medium=article&utm_campaign=bonus
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