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Elliott wave analysis BTCUSD, XRPUSD and ETHUSD today (25 January 2021)

2021-01-25

2021-01-25

Short-term forecast for BTCUSD, XRPUSD and ETHUSD 25.01.2021Roman 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.

All three cryptocurrency pairs covered in the article are forming the initial elements of the fifth sub-waves.

The article covers the following subjects:

Elliott wave Bitcoin analysis

The BTCUSD market is forming an upward impulse with corrective wave 4 completed inside. Correction 4 has ended as a bearish double zigzag [W]-[X]-[Y]. Next, the price turned up and started rising in the bullish wave 5. The first short sub-waves of impulse 5 must have completed. Therefore, the market should be rising to a level above 35771.45.

Trading plan for [BTCUSD][1] today:

Buy 33331.00 TP 35771.45

Elliott wave Ripple analysis

The XRPUSD market must have ended the corrective wave 4 as a bearish double zigzag [W]-[X]-[Y]. Next, the market has turned up and started rising. There should be developing the initial element of the impulse wave 5. A short corrective wave [2] is a double zigzag. The price should be rising to a level above 0.330, which is the high made by the linking wave [X].

Trading plan for [XRPUSD][2] today:

Buy 0.276, TP 0.330

Elliott wave Ethereum analysis

The ETHUSD market is rising in the impulse wave. The corrective wave 4 has recently completed as a complex formation composed of the sub-waves [w]-[x]-[y]. There is now forming the impulse upwave with the first two short legs [1] and [2] completed inside. Therefore, the price should be rising to a level above 1570.00. One could enter purchases in the current situation.

Trading plan for  [ETHUSD][3] today:

Buy 1414.80, TP 1570.00

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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-25012021&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-25012021&promo_code=BLOG&utm_source=blog&utm_medium=article&utm_campaign=bonus