Logo

Posts

Elliott wave analysis BTCUSD, XRPUSD and ETHUSD today (02 April 2021)

2021-04-02

2021-04-02

Short-term forecast for BTCUSD, XRPUSD and ETHUSD 02.04.2021Roman 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.

Bitcoin and Ripple should decline slightly in corrective waves. Next, the prices will resume growth.

The article covers the following subjects:

Elliott wave Bitcoin analysis

The BTCUSD market continues forming the upward impulse 5. The market has finished developing the first three legs of the impulse, and the price is now being corrected in wave [4]. Correction [4] could complete as a regular zigzag (A)-(B)-©. Wave (B) may have finished as a zigzag. The price could go down in impulse ©. Next, having finished the corrective wave, the market will start rising in the final wave [5]. The BTCUSD should be rising to a level of 65000.00. One could enter buy trades.

Trading plan for [BTCUSD][1] today:

Buy 59502.88, TP 65000.00

Elliott wave Ripple analysis

The most recent chart section displays the structure of the upward wave (Z), unfolding as a zigzag A-B-C. Wave (Z) will conclude the triple zigzag of a larger degree. After wave A completed as a bullish impulse, there has started the corrective wave B. Wave B must be unfolding as a double zigzag [W]-[X]-[Y]. In the near future, the [Y] wave should finish the bearish corrective wave B. Next, the market should start rising in the final bullish impulse C of (Z) towards a level of 0.645, as outlined in the chart. One could enter purchases in the current situation.

Trading plan for [XRPUSD][2] today:

Buy 0.567, TP 0.645

Elliott wave Ethereum analysis

The ETHUSD pair continues developing the final zigzag-shaped wave 5 of the ending diagonal (5). Wave 5 is composed of the sub-waves [a]-[b]-[c]. The market is now forming the bullish impulse wave [c], namely, the beginning of the upward impulse wave (3). The market should continue growing in the near future, as outlined in the chart. The entire wave [c] could complete at a level of 2100.00. Therefore, it is relevant to open buy positions in the current situation.

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

Buy 1996.96, TP 2100.00

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-02042021&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-02042021&promo_code=BLOG&utm_source=blog&utm_medium=article&utm_campaign=bonus