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Elliott wave analysis BTCUSD, XRPUSD and ETHUSD today (26 November 2020)

2020-11-26

2020-11-26

Short-term forecast for BTCUSD, XRPUSD and ETHUSD 26.11.2020Roman 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

The corrective wave B has completed as a contracting triangle within the upward zigzag of a larger degree. After the triangle pattern finished, the market has started rising in the upward wave C. There have completed the sub-waves [1]-[2]-[3]-[4], wave [5] has recently started unfolding. The sub-waves (1)-(2) have finished. The Bitcoin price should be rising in impulse (3) to a level of 21227.15. An approximate trajectory of Bitcoin future price movement is outlined in the chart.

Trading plan for [BTCUSD][1] today:

Buy 18708.50. TP 21227.15

Elliott wave Ripple analysis

The XRPUSD market continues forming the bullish impulse C which has sent the price up. The impulse wave [3], composed of the five sub-waves, has ended. The market is declining in the corrective wave [4]. This correction should complete soon, and the price will start rising in the final wave [5] towards a level of 0.840, as it is outlined in the chart.

Trading plan for [XRPUSD][2] today:

Buy 0.618, TP 0.840

Elliott wave Ethereum analysis

At the most recent section of the chart, there is forming the fifth leg of the bullish impulse wave C. Within wave [5], there is unfolding the final impulse wave (5) of a smaller degree. There should have finished the first three legs of impulse (5), and the price is going down in the corrective wave 4. Wave 4 should shortly end, and the ETHUSD market will resume growing in wave 5 towards level 653.00, as it is outlined in the chart.

Trading plan for  [ETHUSD][3] today:

Buy 562.99, TP 653.00

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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-26112020&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-26112020&promo_code=BLOG&utm_source=blog&utm_medium=article&utm_campaign=bonus