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Elliott wave analysis BTCUSD, XRPUSD and ETHUSD today (29 March 2021)

2021-03-29

2021-03-29

Short-term forecast for BTCUSD, XRPUSD and ETHUSD 29.03.2021Roman 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.

All three cryptocurrency pairs should be rising. Let us examine each cryptocurrency market situation in more detail.

The article covers the following subjects:

Elliott wave Bitcoin analysis

The hourly BTCUSD chart shows that the market has finished developing the down corrective wave 4 composed of the sub-waves [a]-[b]-[c]. Next, the price has started rising in impulse wave 5. The sub-waves [1] and [2] must have completed, and the bullish wave [3] is half-complete. Wave [3] could end at a level of 59860.00, where the [b] correction finished. The entire impulse wave 5 might end at a level of 65000.00, as outlined in the chart.

Trading plan for [BTCUSD][1] today:

Buy 55458.50, TP 59860.00

Elliott wave Ripple analysis

The XRPUSD market continues forming the final wave © of the zigzag (A)-(B)-©. Wave © is an ending diagonal, with the first four legs completed inside. There is now forming the final upward wave 5. There should have completed the bullish impulse wave [a] and correction [b]. Therefore, the price should be rising in the final sub-wave [c]. The first target for buy trades is at a level of 0.600. This is the high made by the corrective wave 3.

Trading plan for [XRPUSD][2] today:

Buy 0.559, TP 0.600

Elliott wave Ethereum analysis

The hourly ETHUSD price chart displays the structure of the upward wave (5), unfolding as an ending diagonal 1-2-3-4-5. The bearish corrective wave 4 has recently completed as a simple zigzag. There is now forming the final zigzag-shaped wave 5. The price should be rising in sub-wave (5) to a level of 1805.00, where the entire impulse wave [a] will finish. Next, the price should decline slightly in the [b] correction, as outlined in the chart.

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

Buy 1690.22, TP 1805.00

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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-29032021&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-29032021&promo_code=BLOG&utm_source=blog&utm_medium=article&utm_campaign=bonus