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

2020-12-30

2020-12-30

Short-term forecast for BTCUSD, XRPUSD and ETHUSD 30.12.2020Roman 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 Ripple market must have completed the corrective wave, so the price should start declining in the impulse wave.

The article covers the following subjects:

Elliott wave Bitcoin analysis

The sideways corrective wave 4, which is a part of the bullish impulse (5), is likely to have finished. Correction 4 is a contracting horizontal triangle [a]-[b]-[c]-[d]-[e]. Therefore, the Bitcoin price should be rising in impulse wave 5. The market could be running up to a level of 29500.00. One could enter long trades in the current situation.

Trading plan for [BTCUSD][1] today:

Buy 27641.25 TP 29500.00

Elliott wave Ripple analysis

The market continues declining, so the previous layout is not relevant any longer. The corrective wave [4] must have completed, and there is developing the final impulse wave [5] that will conclude the entire bearish impulse C. The first two sub-waves of the wave [5] have already completed. Therefore, the price should continue declining in the sub- waves (3)-(4)-(5) to a level of 0.062.

Trading plan for [XRPUSD][2] today:

Sell 0.217, TP 0.062

Elliott wave Ethereum analysis

The most recent chart section shows the price growth in the upward impulse wave that is composed of the sub-waves [1]-[2]-[3]-[4]-[5]. There is now forming the middle part of this pattern, the sub-wave [3]. The first four legs of impulse [3] can have ended, and there is forming the initial sub-wave of the final wave (5). The market should be rising in wave (5) to a level of 790.00.

Trading plan for  [ETHUSD][3] today:

Buy 736.81, TP 790.00

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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-30122020&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-30122020&promo_code=BLOG&utm_source=blog&utm_medium=article&utm_campaign=bonus