Logo

Posts

Elliott wave analysis BTCUSD, XRPUSD and ETHUSD today (25 November 2020)

2020-11-25

2020-11-25

Short-term forecast for BTCUSD, XRPUSD and ETHUSD 25.11.2020Roman 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 rising in the impulse sub- waves. Let study the cryptocurrencies’ charts in more detail.

The article covers the following subjects:

Elliott wave Bitcoin analysis

In early October 2020, the BTCUSD market started forming the upward impulse wave C that is an element of the bullish zigzag of a larger degree. Wave C is composed of the sub-waves [1]-[2]-[3]-[4]-[5]. The small sub-waves [1], [2], [4] must have completed. The strong impulse [3] has also completed. There is now forming the initial part of the sub-waves [5]. The price should be rising in impulse wave (3) towards a level of 21227.15. Next, after a short drawdown in correction (4), the price will continue rising in wave (5), as it is outlined in the chart.

Trading plan for [BTCUSD][1] today:

Buy 19090.00, TP 21227.15

Elliott wave Ripple analysis

The most recent section of the chart displays the bullish impulse C unfolding. The upward impulse wave [3] must have completed. There is forming the initial part of the bearish correction [4]. Wave [4] should not be large, so the market should shortly start rising in the final wave [5], as it is outlined in the chart. The entire uptrend could end at a level of around 0.840. One could enter long positions in the current situation.

Trading plan for [XRPUSD][2] today:

Buy 0.641, TP 0.840

Elliott wave Ethereum analysis

The ETHUSD market is also forming the final leg of the upward zigzag A-B-C; it is the C impulse. The sub-waves [1]-[2]-[3]-[4] have completed, and the large impulse wave [5] is yet unfolding. There is developing the final wave (5) of [5], where three legs out of five have completed. The price should decline a little in the down corrective wave 4. When wave 4 completes, the market should resume rising in wave 5 towards a level of 653.00.

Trading plan for  [ETHUSD][3] today:

Buy 602.69, TP 653.00

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-25112020&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-25112020&promo_code=BLOG&utm_source=blog&utm_medium=article&utm_campaign=bonus