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Elliott wave analysis BTCUSD, XRPUSD and ETHUSD today (13 November 2020)

2020-11-13

2020-11-13

Short-term forecast for BTCUSD, XRPUSD and ETHUSD 13.11.2020Roman 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.

Major cryptocurrency pairs are rising in impulse waves. Under the current conditions, one could enter long positions.

The article covers the following subjects:

Elliott wave Bitcoin analysis

The BTCUSD market is forming the upward linking wave [X] as a double zigzag. Wave (Y) is a simple zigzag A-B-C. After the B correction completed as a triangle, the price has started rising in the impulse wave C. There is now forming the impulse wave [5] of C. Corrective wave (4) has recently completed as a triangle, and the price is now rising in wave (5). The market should be growing to a level of 16900.00.

Trading plan for [BTCUSD][1] today:

Buy 16442.75, TP 16900.00

Elliott wave Ripple analysis

The Ripple market is forming an upward zigzag. Wave A is a leading diagonal, as wave [4] exceeded wave [1]. The down corrective wave B is a triple zigzag composed of the sub-waves [w]-[x]-[y]-[x]-[z]. There is now forming a bullish impulse wave C, namely its final fifths sub-wave. The first four parts must have completed within impulse [5]. So, the market should be rising in the final wave (5) to a level of 0.272.

Trading plan for [XRPUSD][2] today:

Buy 0.256, TP 0.272

Elliott wave Ethereum analysis

The chart displays the B correction completed as a bearish zigzag [A]-[B]-[C]. Following the B wave, the market has started rising in the impulse wave C. The first four sub-waves [1]-[2]-[3]-[4] have completed within the C impulse. Wave [5] is still developing. When correction (4) finished as a triangle, the price has started growing in the final wave (5). The market should be rising to a level of 507.00. Under the current conditions, one could enter purchases.

Trading plan for  [ETHUSD][3] today:

Buy 464.23, 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-13112020&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-13112020&promo_code=BLOG&utm_source=blog&utm_medium=article&utm_campaign=bonus