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Elliott wave analysis BTCUSD, XRPUSD and ETHUSD today (15 January 2021)

2021-01-15

2021-01-15

Short-term forecast for BTCUSD, XRPUSD and ETHUSD 15.01.2021Roman Onegin

I welcome my readers!

I have prepared a short-term cryptocurrency forecast based on Elliott wave analysis of Bitcoin, Ripple, and Ethereum. I offer entry signals to trade each cryptocurrency.

The BTCUSD and ETHUSD market situations are similar. There is forming the final leg of a large bullish impulse.

The article covers the following subjects:

Elliott wave Bitcoin analysis

The BTCUSD market continues forming the bullish impulse. In the most recent chart section, there is forming the final leg of the upward impulse wave (5) – the initial element of wave 5, which could be a five- wave impulse, is unfolding. The market should be rising in the sub-wave [3] to a level of 43000.00. Next, there could be a slight decline in the corrective wave [4]. After the [4] correction completes, the price will resume rising in the final sub-wave [5], as it is outlined in the chart.

Trading plan for [BTCUSD][1] today:

Buy 38404.00 TP 43000.00

Elliott wave Ripple analysis

As it is clear from the most recent chart section, the market has finished the upward impulse wave (1). Wave 1 of (1) is a leading diagonal. There is currently forming the bearish correction (2) composed of the sub-waves a-b-c. The middle part of correction (2), the sub-wave b, seems to have completed as a double zigzag. The price should be declining over the next few days in the c impulse to a level of 0.200.

Trading plan for [XRPUSD][2] today:

Sell 0.290, TP 0.200

Elliott wave Ethereum analysis

The ETHUSD market is forming an upward impulse wave C composed of five sub-waves [1]-[2]-[3]-[4]-[5]. There is currently unfolding the final wave [5], namely its final leg – impulse (5). The sub-waves 1-2-3-4 have completed, and wave 5 has started developing. Over the next few days, the price should be rising in wave [3] to a level of 1455.00. Next, following a short drawdown in correction [4], the price will resume rising in wave [5], as it is outlined in the chart.

Trading plan for  [ETHUSD][3] today:

Buy 1202.47, TP 1455.00

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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-15012021&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-15012021&promo_code=BLOG&utm_source=blog&utm_medium=article&utm_campaign=bonus