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

2021-02-25

2021-02-25

Short-term forecast for BTCUSD, XRPUSD and ETHUSD 25.02.2021Roman 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.

Ripple must have finished the global bullish corrective wave [B]. Therefore, the XRPUSD market should be developing a short-term bearish impulse.

The article covers the following subjects:

Elliott wave Bitcoin analysis

The BTCUSD market is forming a large fifth wave as an impulse composed of the sub-waves 1-2-3-4-5. The extended wave 3 must have finished, and the market is developing the bearish correction 4 as a double zigzag [W]-[X]-[Y]. The first sub-wave [W] could have finished. There have also completed two small sub-waves (a) and (b) of the zigzag-shaped linking wave [X]. The final sub-wave © could drive the price up to a level of 54950.00, next, the market should start declining.

Trading plan for [BTCUSD][1] today:

Buy 50722.00, TP 54950.00

Elliott wave Ripple analysis

The most recent chart section displays the bearish zigzag with a deep corrective wave [B], which is a triple zigzag. The [B] correction has been unfolding since early February and seems to be complete. The market is likely to develop a bearish impulse. The first four legs of the down impulse must have completed. Therefore, the XRPUSD market should be unfolding sub-wave (5) over the next few days. Wave (5) could end at a level of around 0.333.

Trading plan for [XRPUSD][2] today:

Sell 0.471, TP 0.333

Elliott wave Ethereum analysis

The hourly timeframe of the ETHUSD price chart suggests that the upward impulse wave C finished, and the market is moving down. The bearish trend is developing as a double zigzag. The first zigzag-shaped wave [W] has ended, and the Ethereum price should be rising in the upward linking wave [X]. Waves (a) and (b) should have finished, so the market should be rising in the impulse wave © to the local high at 1970.00.

Trading plan for [ETHUSD][3] **** today:

Buy 1623.37, TP 1970.00

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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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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.

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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-25022021&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-25022021&promo_code=BLOG&utm_source=blog&utm_medium=article&utm_campaign=bonus