Logo

Posts

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

2021-03-25

2021-03-25

Short-term forecast for BTCUSD, XRPUSD and ETHUSD 25.03.2021Roman 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 and Ethereum are forming final zigzags in ending diagonals, and Bitcoin is forming the final impulse wave of the bullish trend.

The article covers the following subjects:

Elliott wave Bitcoin analysis

Bitcoin is forming the bullish impulse. The upward impulse wave 3 has completed, and the corrective wave 4 also looks complete. Wave 4 is a simple bearish zigzag [a]-[b]-[c], where [a] and [c] are impulses, and wave [b] is a triple zigzag. Therefore, there has just begun the final fave 5, which could be unfolding as a simple five-wave impulse. The next target for purchases is 57260.00, where correction (4) finished.

Trading plan for [BTCUSD][1] today:

Buy 52454.00, TP 57260.00

Elliott wave Ripple analysis

The upward wave ©, an element of the simple zigzag (A)-(B)-©, could be unfolding as an ending diagonal. The corrective down wave 4 should have completed as a double zigzag, and there is developing the beginning of the final wave 5. Wave 5 should be developing as a simple zigzag [a]-[b]-[c], as it is outlined in the chart. Therefore, the Ripple price should be rising to level 0.645.

Trading plan for [XRPUSD][2] today:

Buy 0.487, TP 0.645

Elliott wave Ethereum analysis

As the ETHUSD market fell deeper than previously expected, we could conclude that wave (5) is an ending diagonal rather than an impulse. The corrective down wave 4 finished lower than wave 1. If the assumption is correct, the price should soon be rising in the upward wave 5, developing as a zigzag [a]-[b]-[c]. The structure of wave 5 is outlined in the chart. One could enter purchases with a target at 1870.00, the previous high made by correction [b].

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

Buy 1568.32, TP 1870.00

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-25032021&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-25032021&promo_code=BLOG&utm_source=blog&utm_medium=article&utm_campaign=bonus