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

2021-03-10

2021-03-10

Short-term forecast for BTCUSD, XRPUSD and ETHUSD 10.03.2021Roman 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 have started to form final legs in the large double zigzags. Ripple continues forming the middle part of the bearish zigzag.

The article covers the following subjects:

Elliott wave Bitcoin analysis

At the time of writing, the Bitcoin market is forming a double downward zigzag [W]-[X]-[Y]. The upward linking wave [X] has completed as a simple zigzag (A)-(B)-©. There has started forming the final motive wave [Y]. Therefore, the price should be declining over the next few days. The first target to enter sell trades is at level 49220.00, made by the small correction 4.

Trading plan for [BTCUSD][1] today:

Sell 53817.50, TP 49220.00

Elliott wave Ripple analysis

The Ripple price chart continues forming the simple down zigzag [A]-[B]-[C]. Impulse wave [A] has completed. There is now developing the corrective wave [B] as a zigzag. There has completed the corrective wave (B) as a double three, so the price should be rising in the impulse wave ©. The market should be rising up to level 0.520, where corrective wave [B] will be 50% of the [A] impulse.

Trading plan for [XRPUSD][2] today:

Buy 0.460, TP 0.520

Elliott wave Ethereum analysis

Like the BTCUSD, the ETHUSD continues forming the double downward zigzag W-X-Y, with the linking upwave X completed inside. Wave X is a simple zigzag composed of three sub-waves [A]-[B]-[C]. Therefore, the price should be declining in the final motive wave Y over the next few days. The next target to enter short trades is the low of 1660.00, marked by the corrective wave (4).

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

Sell 1776.75, TP 1660.00

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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-10032021&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-10032021&promo_code=BLOG&utm_source=blog&utm_medium=article&utm_campaign=bonus