Logo

Posts

Elliott wave analysis BTCUSD, XRPUSD and ETHUSD today (17 March 2021)

2021-03-17

2021-03-17

Short-term forecast for BTCUSD, XRPUSD and ETHUSD 17.03.2021Roman 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 XRPUSD must have completed forming a complex corrective wave, the price should start declining in an impulse.

The article covers the following subjects:

Elliott wave Bitcoin analysis

The market continues forming a large upward impulse wave, with the first four legs completed inside. There is developing the final, fifth wave. In the fifth wave, there have finished the sub-waves [1] and [2], and impulse wave [3] is still developing. There should be forming the final sub-wave (5) of [3]. The price should go up to a level above 58116.00. Therefore, one could enter long positions.

Trading plan for [BTCUSD][1] today:

Buy 55854.50, TP 58116.00

Elliott wave Ripple analysis

There must have completed the corrective wave [B], which is an element of the bearish zigzag currently unfolding. The [B] wave is a triple zigzag (W)-(X)-(Y)-(X)-(Z), not a triangle as it was earlier expected. There is now forming the initial part of the impulse down wave [C]. Corrective wave (2) can have completed, so the market should be declining in impulse (3). An approximate structure of the [C] wave is outlined in the chart. The first target for sell trades is level 0.424, marked by the linking wave (XX).

Trading plan for [XRPUSD][2] today:

Sell 0.476, TP 0.424

Elliott wave Ethereum analysis

Since early March, the ETHUSD market has been rising in the bullish impulse wave (5). There have completed the sub-waves 1-2-3-4 so far. There is now forming the initial part of the final sub-wave 5, which could conclude the entire uptrend. The price should be rising to a level, above the previous high at 1940.00, made by the impulse sub-wave 3. One could enter buy trades in the current situation with a target profit at 1940.00.

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

Buy 1762.07, TP 1940.00

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-17032021&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-17032021&promo_code=BLOG&utm_source=blog&utm_medium=article&utm_campaign=bonus