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Elliott wave analysis BTCUSD, XRPUSD and ETHUSD today (26 March 2021)

2021-03-26

2021-03-26

Short-term forecast for BTCUSD, XRPUSD and ETHUSD 26.03.2021Roman 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.

Over the next few days, the XRPUSD and ETHUSD cryptocurrency pairs should be developing upward zigzags.

The article covers the following subjects:

Elliott wave Bitcoin analysis

The market must have completed the corrective down wave 4 as a simple zigzag [a]-[b]-[c]. The market is rising, forming the initial part of wave 5. Wave 5 should be developing as a simple five-impulse. Over the next few days, the price should be rising to the level above the previous high made by correction (4), which is above 57260.00.

Trading plan for [BTCUSD][1] today:

Buy 52376.50, TP 57260.00

Elliott wave Ripple analysis

The XRPUSD continues forming the upward wave ©, which may conclude the entire wave [Y] of a larger degree. The © wave us unfolding as an ending diagonal 1-2-3-4-5. According to the chart structure, this ending diagonal has completed four legs out of five. The final wave 5 has recently started unfolding. In the next few days, there should be developing a bullish zigzag [a]-[b]-[c]. The first impulse [a] should end at a level of 0.567. An approximate trajectory of the Ripple future price movement is presented in the chart.

Trading plan for [XRPUSD][2] today:

Buy 0.530, TP 0.567

Elliott wave Ethereum analysis

The hourly ETHUSD chart displays the upward wave (5), which is unfolding as an ending diagonal 1-2-3-4-5. The first zigzag-shaped sub-waves of the diagonal must have finished. There is developing the upward impulse wave [a] within wave 5. Wave 5, like the preceding for ones, should be a simple zigzag [a]-[b]-[c], as outlined in the chart. Impulse [a] could end at a level around 1870.00, where correction [b] of wave 4 finished.

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

Buy 1612.45, TP 1870.00

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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-26032021&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-26032021&promo_code=BLOG&utm_source=blog&utm_medium=article&utm_campaign=bonus