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Elliott wave analysis BTCUSD, XRPUSD and ETHUSD today (07 April 2021)

2021-04-07

2021-04-07

Short-term forecast for BTCUSD, XRPUSD and ETHUSD 07.04.2021Roman 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 final section of the BTCUSD uptrend could be concluded by an ending diagonal.

The article covers the following subjects:

Elliott wave Bitcoin analysis

The most recent chart section displays a series of the fifth impulse waves. Let us look at the upward impulse wave 5 marked with the sub- waves [1]-[2]-[3]-[4]-[5]. The final leg of this pattern, wave [5] of a smaller degree, is likely to be unfolding as an ending diagonal. Wave (4) ended at a level beyond the end of wave (1). The corrective wave (4) must have completed, so the price will be rising in the final wave (5) to a level of 61800.000. One could enter purchases in the current situation.

Trading plan for [BTCUSD][1] today:

Buy 57551.50, TP 61800.00

Elliott wave Ripple analysis

Ripple continues rising in the impulse wave, which started in late March after the triangle correction [4] had completed. There have finished sub-waves (1) and (2), and the price is now rising in the impulse wave (3). The market could roll down slightly in the corrective wave 4 soon. Next, the price will resume growing in the final, fifth wave towards a level of 1.230. One could enter buy trades in the current situation.

Trading plan for [XRPUSD][2] today:

Buy 1.067, TP 1.230

Elliott wave Ethereum analysis

In the upward impulse wave (5), currently unfolding, the corrective down wave 4 has completed as a regular zigzag [A]-[B]-[C]. There is developing the initial part of the bullish wave 5, which could be a simple impulse. The expected structure of this impulse, outlined in the chart, is marked by the sub-waves [1]-[2]-[3]-[4]-[5]. There have completed the sub-waves [1] and [2] so far, so the market could be rising in the remaining three sub-waves. The entire wave 5 could end at a level of 2280.00.

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

Buy 2103.90, TP 2280.00

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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-07042021&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-07042021&promo_code=BLOG&utm_source=blog&utm_medium=article&utm_campaign=bonus