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Elliott wave analysis BTCUSD, XRPUSD and ETHUSD today (30 November 2020)

2020-11-30

2020-11-30

Short-term forecast for BTCUSD, XRPUSD and ETHUSD 30.11.2020Roman 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 pairs must continue forming upward impulses. The bearish corrections have completed, and the markets are now in the initial elements of the final fifth waves.

The article covers the following subjects:

Elliott wave Bitcoin analysis

The BTCUSD market is forming the impulse wave C. The C wave has been gradually rising since late September. There has recently completed the bearish correction [4], followed by the initial leg of the final wave [5]. There have completed two small sub-waves (1)-(2) of wave [5]. Therefore, the market should be rising towards a level of 20000.00. One could consider buy trades under the current conditions.

Trading plan for [BTCUSD][1] today:

Buy 18572.00. TP 20000.00

Elliott wave Ripple analysis

The most recent chart section displays the upward impulse wave C. The Ripple price has significantly increased in the impulse wave [3] this month. Next, after a drop in the corrective wave [4], the market has resumed growing in the final sub-wave [5]. The price should be rising to a level of 0.860. One could enter purchases in the current situation.

Trading plan for [XRPUSD][2] today:

Buy 0.622, TP 0.860

Elliott wave Ethereum analysis

There is forming bullish wave (Y) that is composed of three main sub- waves unfolding as a simple zigzag. There is forming the final sub-wave of the (Y) wave, impulse wave C. The C wave is composed of five sub- waves [1]-[2]-[3]-[4]-[5], where wave [1] is a leading diagonal. The market is developing the final leg of the impulse wave, the sub-wave [5]. Wave [5] should finish at about level 665.00. It is relevant to enter purchases in the current situation.

Trading plan for  [ETHUSD][3] today:

Buy 585.60, TP 665.00

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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-30112020&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-30112020&promo_code=BLOG&utm_source=blog&utm_medium=article&utm_campaign=bonus