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Elliott wave analysis BTCUSD, XRPUSD and ETHUSD today (19 March 2021)

2021-03-19

2021-03-19

Short-term forecast for BTCUSD, XRPUSD and ETHUSD 19.03.2021Roman 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.

Ethereum is about to finish the corrective wave, so the price should soon start rising in the impulse wave.

The article covers the following subjects:

Elliott wave Bitcoin analysis

There is now forming the fifth wave of a large impulse. Within this wave, there is forming the bullish sub-wave [3], which is an impulse. After the downward correction (4) finished, there has started developing the initial part of the impulse wave (5), which is the final leg of impulse [3]. In the near future, the price should rise to a level above the high at 61780.00, marked by wave (3). An approximate trajectory of the Bitcoin future price movement is outlined in the chart.

Trading plan for [BTCUSD][1] today:

Buy 57552.50, TP 61780.00

Elliott wave Ripple analysis

The market must have completed the long-term corrective wave [B] as a triple zigzag. There is now forming the initial part of the bearish impulse wave [C]. The first two sub-waves (1) and (2) have completed, so the price should be declining in wave (3). The target to enter sell trades is at level 0.424, marked by the linking wave (XX).

Trading plan for [XRPUSD][2] today:

Sell 0.466, TP 0.424

Elliott wave Ethereum analysis

The ETHUSD continues to rise the impulse. In the bullish impulse (5), currently ongoing, there is developing the bearish correction 4. Correction 4 should complete as a simple zigzag [a]-[b]-[c]. The impulse wave [a] and the corrective wave [b] have completed. The market is now declining in the [c] wave. The price should go down to a level of 1705.00. Next, the market will go up in sub-wave 5, as it is outlined in the chart.

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

Sell 1777.61, TP 1705.00

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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-19032021&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-19032021&promo_code=BLOG&utm_source=blog&utm_medium=article&utm_campaign=bonus