Logo

Posts

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

2020-10-28

2020-10-28

Short-term forecast for BTCUSD, XRPUSD and ETHUSD 28.10.2020Roman 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.

Major cryptocurrency pairs are currently developing impulse waves, the market is expected to rise in the coming trading days.

The article covers the following subjects:

Elliott wave Bitcoin analysis

There is an upward linking wave X] in the structure of BTCUSD, it takes the form of a double zigzag (W)-(X)-(Y). As part of the final wave (Y), there is the development of an impulse wave ©, its middle wave [3] to be precise, it takes the form of an impulse. Most likely, in the near future, this impulse wave will be completed around the level of 14050.00, then after a slight pullback in the corrective wave [4], the growth may resume in the wave [5] towards the level of 15200.00.

Trading plan for [BTCUSD][1] today:

Buy 13814.75, TP 14050.00

Elliott wave Ripple analysis

The current XRPUSD structure shows a downward zigzag A-B-C, in which the first part, impulse A, is fully completed, currently we see the development of corrective wave B. Correction B takes the form of a triple zigzag. Apparently, the first four parts of this structure have been completed, and now wave [Z] in the form of a double zigzag is developing. Most likely, wave (y) will be completed close to the level of 0.273.

Trading plan for [XRPUSD][2] today:

Buy 0.253, TP 0.273

Elliott wave Ethereum analysis

As part of the downward zigzag A-B-C, a bearish wave A has been completed in the form of a five-wave impulse, then an upward corrective wave B began to develop. Most likely, this correction will soon end. It is a double zigzag [W]-[X]-[Y], and now the last impulse is developing as part of the final actionary wave [Y]. The growth may continue to the level of 443.00. Consider opening long trades.

Trading plan for  [ETHUSD][3] today:

Buy 405.32, TP 443.00

P.S. Did you like my article? Share it in social networks: it will be the best “thank you” :)

Ask me questions and comment below. I’ll be glad to answer your questions and give necessary explanations.

Useful links:

  • I recommend trying to trade with a reliable broker [here][4]. The system allows you to trade by yourself or copy successful traders from all across the globe.
  • Use my promo-code BLOG for getting deposit bonus 50% on LiteForex platform. Just enter this code in the appropriate field while [depositing][5] your trading account.
  • Telegram chat for traders: . We are sharing the signals and trading experience
  • Telegram channel with high-quality analytics, Forex reviews, training articles, and other useful things for traders

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.

Rate this article:

{{value}}

( {{count}} {{title}} )

  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-28102020&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-28102020&promo_code=BLOG&utm_source=blog&utm_medium=article&utm_campaign=bonus