Logo

Posts

Elliott wave analysis BTCUSD, XRPUSD and ETHUSD today (3 December 2020)

2020-12-03

2020-12-03

Short-term forecast for BTCUSD, XRPUSD and ETHUSD 03.12.2020Roman 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 cryptocurrency pairs covered in the article have a similar market situation. The market should soon finish corrective movements, and next the prices could start rising.

The article covers the following subjects:

Elliott wave Bitcoin analysis

In the upward impulse wave C, composed of five sub-waves, four sub-waves have completed. There is now forming the concluding wave [5], which is a five-wave impulse. The middle leg of impulse [5] should have ended, and there is forming the bearish correction (4) as a zigzag a-b-c. The price should be declining in impulse c. Next, the market will continue rising in wave (5) to a level of 20000.00.

Trading plan for [BTCUSD][1] today:

Buy 18433.00. TP 20000.00

Elliott wave Ripple analysis

The XRPUSD market is following the impulse wave C that started in early November 2020. After the sharp upward impulse [3] has finished, the price dropped in the zigzag-shaped correction [4]. There is now forming the middle leg of if impulse wave [5], which is the upward sub-wave (3). The corrective movement in the bearish wave 4 should finish soon. Next, the price could be rising in wave 5 to a level of  0.689, as it is outlined in the chart.

Trading plan for [XRPUSD][2] today:

Buy 0.617, TP 0.689

Elliott wave Ethereum analysis

Like other major cryptocurrencies, the Ethereum market is forming a bullish impulse. Within the C wave, there have completed the sub-waves [1]-[2]-[3]-[4], wave [5] is about to end soon. It is also an impulse. There must have finished wave (3), followed by the price decline in correction (4). This correction may end as a simple zigzag a-b-c. Impulse c should complete soon, and the price will resume growing in the final wave (5), and the market should be growing to a level of 665.00.

Trading plan for  [ETHUSD][3] today:

Buy 590.28, TP 665.00

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-03122020&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-03122020&promo_code=BLOG&utm_source=blog&utm_medium=article&utm_campaign=bonus