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Elliott wave analysis BTCUSD, XRPUSD and ETHUSD today (September 28 2020)

2020-09-28

2020-09-28

Short-term forecast for BTCUSD, XRPUSD and ETHUSD 28.09.2020Roman 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.

All cryptocurrency pairs should conclude corrective waves in the near future. Next, there should start downtrends. One could yet enter long trades until the downtrend starts.

The article covers the following subjects:

Elliott wave Bitcoin analysis

The BTCUSD market continues forming a large down corrective wave B as a double zigzag [W]-[X]-[Y]. The final wave [Y] is currently unfolding. It is likely to conclude as a simple zigzag (A)-(B)-©. The final impulse c of (B) should end at a level of 11058. Next, the market should go down in the impulse wave © that may conclude the double zigzag currently unfolding.

Trading plan for [BTCUSD][1] today:

Buy 10874.00, TP 11058.00

Elliott wave Ripple analysis

There is forming the downtrend that has started after the bullish linking wave [X] completed. The new trend must be unfolding as a double zigzag (W)-(X)-(Y). The first two elements of this double combination have completed, and there is unfolding the final wave [Y] that is composed of three main sub-waves A-B-C. The B correction could end at a level of 0.250. Next, the market should turn down and start declining, as it is outlined in the chart.

Trading plan for [XRPUSD][2] today

Buy 0.244, TP 0.250

Elliott wave Ethereum analysis

There is also developing the downtrend. After the upward wave (Y) completed, there has started forming a new zigzag A-B-C. The impulse wave A and the triple zigzag B seem complete. The market is now declining in the new downtrend. Most likely, the corrective price movement in the sub wave [2] should end at a level of around 367.31. Next, the price should turn down and decline.

Trading plan  [ETHUSD][3] today

Buy 357.27, TP 367.31

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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-28092020&openPopup=%2Fregistration%2Fpopup&utm_source=blog&utm_medium=article&utm_campaign=bonus
  5. my.liteforex.com/deposit/?category=analysts-opinions&slug=short-term-forecast-for-BTCusd-xrpusd-and-ethusd-28092020&promo_code=BLOG&utm_source=blog&utm_medium=article&utm_campaign=bonus