Logo

Posts

Elliott wave analysis BTCUSD, XRPUSD and ETHUSD today (20 November 2020)

2020-11-20

2020-11-20

Short-term forecast for BTCUSD, XRPUSD and ETHUSD 20.11.2020Roman 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 three major cryptocurrency pairs are forming the upward zigzag, in which final bullish impulses are forming. Let analyze each cryptocurrency pair in detail.

The article covers the following subjects:

Elliott wave Bitcoin analysis

After the sideways corrective wave B finished as a triangle, the Bitcoin price started rising in the C wave. Based on the internal structure, the C wave is unfolding as a simple impulse. There is currently forming the final wave [5] of C. Four out five parts have completed in wave [5], so wave (5) should be developing and end soon. The market should be running up to a level of 19200.00.

Trading plan for [BTCUSD][1] today:

Buy 17959.00, TP 19200.00

Elliott wave Ripple analysis

After the bullish impulse wave (A) ended, the market has started rising in the corrective wave (B) that is composed if three primary sub-waves A-B-C. Wave A is a leading diagonal, wave B is a triple down zigzag, impulse wave C is still unfolding, with the final sub-wave [5] developing inside. The final leg of wave [5] is forming now. The price should be rising to a level of 0.310 in sub-wave 5.

Trading plan for [XRPUSD][2] today:

Buy 0.302, TP 0.310

Elliott wave Ethereum analysis

The chart displays the upward zigzag A-B-C, which is forming wave (Y) of a larger degree. The sub-waves A and B have completed, and the C wave is still forming. Wave C is composed of the sub-waves [1]-[2]-[3]-[4]-[5]; it is unfolding as an impulse. In early November, the bearish correction [4] finished as a triple zigzag. Next, the market has started growing in the final wave [5]. There should be unfolding the final wave 5 that will conclude the entire bullish trend at a level of about 507.00.

Trading plan for  [ETHUSD][3] today:

Buy 478.13, TP 507.00

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-20112020&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-20112020&promo_code=BLOG&utm_source=blog&utm_medium=article&utm_campaign=bonus