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Elliott wave analysis BTCUSD, XRPUSD and ETHUSD today (26 January 2021)

2021-01-26

2021-01-26

Short-term forecast for BTCUSD, XRPUSD and ETHUSD 26.01.2021Roman 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.

Cryptocurrency pairs correlated with each other. All three cryptocurrency pairs covered in the article are forming the third sub- waves in the bullish impulses.

The article covers the following subjects:

Elliott wave Bitcoin analysis

The BTC market has completed the corrective wave 4 as a double zigzag [W]-[X]-[Y]. Next, the Bitcoin price has turned up and started rising. There is forming the initial element of the bullish impulse. The sub- waves [1] and [2] must have completed, so the market should be running up in the impulse wave [3] and exceed the previous high made by wave (1). Therefore, one could consider purchases with a target at 34865.00

Trading plan for [BTCUSD][1] today:

Buy 31946.00 TP 34865.00

Elliott wave Ripple analysis

The Ripple market is forming the final leg of the bullish impulse 1-2-3-4-5. There is developing wave 5, namely its final sub-wave. The down impulse [1] has completed. And the corrective wave [2] must have completed as a double zigzag (w)-(x)-(y). Therefore, the Ripple price should be growing to a level of 0.330, which is the high made by the linking wave [X]. One could enter buy trades under the current conditions.

Trading plan for [XRPUSD][2] today:

Buy 0.266, TP 0.330

Elliott wave Ethereum analysis

As it is clear from the most recent chart section, the ETHUSD market has finished the corrective wave 4 as a double zigzag [w]-[x]-[y]. Next, the price has started rising. There should be developing the initial element of the impulse wave 5. There have completed the sub-waves [1] and [2], and there is now forming impulse [3]. The market should be running up in wave (5) to a level above the previous high made by wave (3), that is, above 1470.00.

Trading plan for  [ETHUSD][3] today:

Buy 1327.07, TP 1470.00

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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-26012021&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-26012021&promo_code=BLOG&utm_source=blog&utm_medium=article&utm_campaign=bonus