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Elliott wave analysis BTCUSD, XRPUSD and ETHUSD today (10 November 2020)

2020-11-10

2020-11-10

Short-term forecast for BTCUSD, XRPUSD and ETHUSD 10.11.2020Roman 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.

The most recent chart sections of the three major cryptocurrencies show the formation of the initial parts of bullish impulses. So, the prices should grow in the near future.

The article covers the following subjects:

Elliott wave Bitcoin analysis

The BTCUSD market is forming the final zigzag A-B-C, which is an element of the double zigzag of a larger degree. The two-hour timeframe displays the final leg of the triangle correction B, which was followed by the upward impulse wave C. The first four parts should have completed within the C wave. The market is now forming the final section of wave [5], which is a bullish impulse (5). The price should continue growing up to level 16700.00.

Trading plan for [BTCUSD][1] today:

Buy 15345.25, TP 16700.00

Elliott wave Ripple analysis

The XRPUSD market is forming the middle part of the simple down zigzag. It means there is developing the upward corrective wave (B) as a simple zigzag A-B-C. The bearish correction B has recently completed as a triple zigzag. The price is now growing in the bullish impulse wave C that is composed of the sub-waves [1]-[2]-[3]-[4]-[5]. The final wave [5] should be rising to a level of 0.272.

Trading plan for [XRPUSD][2] today:

Buy 0.251, TP 0.272

Elliott wave Ethereum analysis

The ETHUSD market is forming the upward simple zigzag, with the bullish wave C developing inside as a simple impulse. A deep corrective wave [4] has recently finished as a triple zigzag. The market is now rising in the impulse wave [5]. The Ethereum price could be growing to a level of 507.00, which is a little higher than the previous high made by the A impulse.

Trading plan for  [ETHUSD][3] today:

Buy 446.88, TP 507.00

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

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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-10112020&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-10112020&promo_code=BLOG&utm_source=blog&utm_medium=article&utm_campaign=bonus