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Elliott wave analysis BTCUSD, XRPUSD and ETHUSD today (15 April 2021)

2021-04-15

2021-04-15

Short-term forecast for BTCUSD, XRPUSD and ETHUSD 15.04.2021Roman 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 soon be developing final impulse waves in the downward zigzags.

The article covers the following subjects:

Elliott wave Bitcoin analysis

At the most recent chart section of the BTCUSD pair, there is forming the middle part of the ending diagonal. There has recently completed the upward zigzag-shaped wave [3]. There must be forming the corrective wave [4] as a zigzag (A)-(B)-©. Impulse (A) and correction (B), opposite the impulse, must have finished. Therefore, the price should be declining in the impulse wave © to a level of 57350.00. One could enter short trades in the current situation.

Trading plan for [BTCUSD][1] today:

Sell 63403.00, TP 57350.00

Elliott wave Ripple analysis

The XRPUSD is forming the bullish impulse wave composed of the sub-waves (1)-(2)-(3)-(4)-(5). The strong price rise in the impulse wave (3) must have completed. There is now forming the bearish correction (4). This correction could be a regular zigzag A-B-C. The sub-waves A and B look complete. The price should be soon declining in the C impulse, which should complete at a level of around 1.412. At this level, correction (4) will be 38.2% of wave (3). One could enter short trades in the current situation.

Trading plan for [XRPUSD][2] today:

Sell 1.769, TP 1.412

Elliott wave Ethereum analysis

In early April, there finished the five-wave impulse 3, followed by the bearish correction 4 completed as a zigzag [A]-[B]-[C]. The market could have completed the upward impulse wave 5, thus finishing the entire large bullish impulse C. Therefore, there should be unfolding the beginning of the new bearish trend over the next few days. One could enter sell trades with a target at 2096.00, which is the low marked by the corrective sub-wave [4].

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

Sell 2470.73, TP 2096.00

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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-14042021&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-14042021&promo_code=BLOG&utm_source=blog&utm_medium=article&utm_campaign=bonus