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Elliott wave analysis BTCUSD, XRPUSD and ETHUSD today (24 March 2021)

2021-03-24

2021-03-24

Short-term forecast for BTCUSD, XRPUSD and ETHUSD 24.03.2021Roman 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.

Ripple has completed the corrective wave, and the XRP price should start rising in an impulse.

The article covers the following subjects:

Elliott wave Bitcoin analysis

The most recent BTCUSD chart section displays the formation of the simple down zigzag [A]-[B]-[C], with the first two legs completed inside. Wave [A] is an impulse, correction [B] is a double zigzag. There is now forming the initial part of the bearish impulse wave [C], namely its third sub-wave (3). The market should be declining in the impulse wave 5 of (3) to a level of 51720.00. One could enter sell trades in the current situation.

Trading plan for [BTCUSD][1] today:

Sell 54006.50, TP 51720.00

Elliott wave Ripple analysis

There continues forming the final wave [Y] of the double zigzag. The zigzag is composed of three sub-waves (A)-(B)-©. There is now unfolding the upward impulse wave ©. Wave 4 is likely to have completed as a small double zigzag. Therefore, the Ripple price should be rising in wave 5, which could conclude the entire wave [Y] at a level of around  0.645. One could open purchases in the current situation.

Trading plan for [XRPUSD][2] today:

Buy 0.541, TP 0.645

Elliott wave Ethereum analysis

After the linking wave X finished as a triple zigzag, there has started a new bearish zigzag [A]-[B]-[C]. The market must have completed the impulse wave [A] and the [B] correction, which is a double zigzag. There is now unfolding the initial section of the impulse wave [C]. The market should be declining in impulse wave 3 of a smaller degree to a level below 1559.17. One could enter short trades in the current situation.

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

Sell 1672.99, TP 1559.17

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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-24032021&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-24032021&promo_code=BLOG&utm_source=blog&utm_medium=article&utm_campaign=bonus