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Elliott wave analysis BTCUSD, XRPUSD and ETHUSD today (09 April 2021)

2021-04-09

2021-04-09

Short-term forecast for BTCUSD, XRPUSD and ETHUSD 09.04.2021Roman 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.

All three cryptocurrencies covered in the article should be soon rising in impulse waves.

The article covers the following subjects:

Elliott wave Bitcoin analysis

The BTCUSD market is forming the impulse wave [5], with wave 5, composed of sub-waves [1]-[2]-[3]-[4]-[5] of a smaller degree, developing inside. The market must have completed the corrective down wave [4] as a simple zigzag (A)-(B)-©. Therefore, the price should be rising in sub-wave [5] of a smaller degree towards the level of 61800.00, which is the previous high made by wave 3 of a larger degree. One could enter purchases in the current situation.

Trading plan for [BTCUSD][1] today:

Buy 58185.50, TP 61800.00

Elliott wave Ripple analysis

The XRPUSD continues forming the upward impulse, which started after the triangle (A)-(B)-©-(D)-(E) had completed. So far, there have formed an impulse wave (1) and a small corrective wave (2). There is unfolding the impulse sub-wave (3). The market may have completed the corrective down wave 4, so the price should be soon rising in wave 5 to a level of 1.230. It is relevant to enter long positions with the target profit at level 1.230.

Trading plan for [XRPUSD][2] today:

Buy 1.029, TP 1.230

Elliott wave Ethereum analysis

The ETHUSD market is forming the final part of the upward impulse wave C. There is now developing sub-wave (5) of impulse [5]. Wave (5) is composed of the sub-waves 1-2-3-4-5. The market must have finished the corrective wave 4 as a zigzag composed of three sub-waves [A]-[B]-[C]. Therefore, the price should be soon rising in sub-wave 5 to a level of 2280.00. It is relevant to enter long positions in the current situation.

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

Buy 2073.59, TP 2280.00

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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-09042021&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-09042021&promo_code=BLOG&utm_source=blog&utm_medium=article&utm_campaign=bonus