Logo

Posts

Elliott wave analysis BTCUSD, XRPUSD and ETHUSD today (01 April 2021)

2021-04-01

2021-04-01

Short-term forecast for BTCUSD, XRPUSD and ETHUSD 01.04.2021Roman 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.

The Ripple is more likely to be forming a triple zigzag than an ending diagonal. The triple zigzag is about to finish soon.

The article covers the following subjects:

Elliott wave Bitcoin analysis

The BTCUSD continues rising in the upward impulse wave 5. Four sub-waves of wave 5, corrective waves [2] and [4], and impulse motive waves [1] and [3], must have completed. There is now forming the final sub-wave [5], which could be a simple impulse. The market should be moving up to level 65000.00. One could enter purchases in the current situation.

Trading plan for [BTCUSD][1] today:

Buy 59152.50, TP 65000.00

Elliott wave Ripple analysis

The previous chart layout has been changed. The Ripple market must be developing the corrective wave B, namely, its final wave [Y] – which is a triple zigzag (W)-(X)-(Y)-(X)-(Z). In the near future, the bullish impulse wave C of a smaller degree should conclude the motive wave (Z) at a level of around 0.645. Next, the market could turn down and start declining in the bearish impulse wave C. Therefore, one could enter buy trades with a target profit at level 0.645.

Trading plan for [XRPUSD][2] today:

Buy 0.570, TP 0.645

Elliott wave Ethereum analysis

The market continues rising. There is now developing the upward corrective wave 5, composed of three sub-waves [a]-[b]-[c]. Wave 5 is the last leg of the ending diagonal of a larger degree. There may have completed impulse [a] and correction [b], so there should be unfolding the bullish impulse wave [c]. The price could be rising to a level of 2080.00. It is relevant to open buy positions.

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

Buy 1923.40, TP 2080.00

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-01042021&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-01042021&promo_code=BLOG&utm_source=blog&utm_medium=article&utm_campaign=bonus