Logo

Posts

Elliott wave analysis BTCUSD, XRPUSD and ETHUSD today (10 February 2021)

2021-02-10

2021-02-10

Short-term forecast for BTCUSD, XRPUSD and ETHUSD 10.02.2021Roman 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 XRPUSD market should be forming a bearish zigzag. When the bullish corrective wave finishes, the price should be declining in a bearish impulse.

The article covers the following subjects:

Elliott wave Bitcoin analysis

The BTCUSD price chart displays the upward impulse wave structure, with the corrective wave 4 completed as a triple zigzag inside. Next, the price has started rising in the bullish impulse [1]-[2]-[3]-[4]-[5]. At the time of writing, there is forming the impulse wave [3], namely, its final leg. A short corrective wave 4 should soon end, and the price will continue rising in wave 5 to a level of 49600.00, as it is outlined in the chart.

Trading plan for [BTCUSD][1] today:

Buy 45986.00 TP 49600.00

Elliott wave Ripple analysis

The XRPUSD market completed the upward linking wave (X), which is composed of the three major sub-waves A-B-C. After wave (X) finished, the market has started declining. There must be forming the bearish wave W as a simple zigzag. After the impulse wave [A] ended, there has started developing the [B] correction as a triple zigzag. This triple zigzag should soon complete at a level of 0.525. Next, the price will start declining again in the impulse wave [C].

Trading plan for [XRPUSD][2] today:

Buy 0.481, TP 0.525

Elliott wave Ethereum analysis

The ETHUSD market continues forming the upward impulse wave C. The C wave should end soon. In the fifth wave of the C wave, there is developing the final impulse 5 that is composed of five sub-waves [i]-[ii]-[iii]-[iv]-[v], where the first four sub-waves have completed, and the final sub-wave [v] is still unfolding. Shortly, wave (5) of a smaller degree should conclude wave [v] at a level of around 1945.00. Next, the market should start a new bearish trend.

Trading plan for  [ETHUSD][3] today:

Buy 1781.01, TP 1945.00

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

Price chart of BTCUSD in real time mode

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-10022021&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-10022021&promo_code=BLOG&utm_source=blog&utm_medium=article&utm_campaign=bonus