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Elliott wave analysis BTCUSD, XRPUSD and ETHUSD today (18 November 2020)

2020-11-18

2020-11-18

Short-term forecast for BTCUSD, XRPUSD and ETHUSD 18.11.2020Roman 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 cryptocurrency prices continue growing in the final legs of the uptrends. One could enter long trades.

The article covers the following subjects:

Elliott wave Bitcoin analysis

The BTCUSD market continues forming the bullish impulse wave C that is composed of five sub-waves. The sub-waves [1] and [3] are upward impulses, wave [2] is a simple zigzag-shaped correction, correction [4] is a double three. There is now forming the impulse wave [5], namely its final part, the sub-wave (5). Wave (5) is about to continue soon; it could rise to a level of 18390.00. Next, the market could turn down and start a new downtrend.

Trading plan for [BTCUSD][1] today:

Buy 17737.25, TP 18390.00

Elliott wave Ripple analysis

The Ripple market continues forming the upward corrective wave (B) as a zigzag composed of the sub-waves A-B-C. The first two legs of this zigzag have completed. There forming the bullish impulse wave C. The corrective wave [4] has completed as a contracting triangle within the C wave. The Ripple price is now rising in the final impulse wave [5]. The price should stop rising at a level of around 0.310.

Trading plan for [XRPUSD][2] today:

Buy 0.291, TP 0.300

Elliott wave Ethereum analysis

The ETHUSD market is forming the upward wave (Y) that is composed of the sub-waves A-B-C. There is forming the C wave of this pattern. There has recently completed sub-wave [4] as a triple zigzag. The market is now rising in the impulse wave [5]. The price should be running up to a level of 507.00 in the final sub-wave (5). One could enter long positions in this situation.

Trading plan for  [ETHUSD][3] today:

Buy 485.21, 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-18112020&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-18112020&promo_code=BLOG&utm_source=blog&utm_medium=article&utm_campaign=bonus