Elliott wave daily forecast for Bitcoin, Ripple and Ethereum
Posted: Fri Jul 17, 2020 10:35 am
Elliott wave forecast for BTCUSD, ETHUSD, XRPUSD for today
Elliott wave BTCUSD
LiteForex: Elliott wave cryptocurrency forecast today. Elliott wave analysis Bitcoin, Ripple, Ethereum.
The BTCUSD forecast is forming the long-term uptrend, with the corrective wave recently [4] completed within. Correction [4] is composed of three major sub-waves (W)-(X)-(Y). The sub-waves (W) and (X) are simple zigzags, wave (Y) is a bearish double zigzag. Next, the market has turned up and started forming the initial phase of the new uptrend. The Bitcoin price should be rising in the next few weeks.
Elliott wave XRPUSD
LiteForex: Elliott wave cryptocurrency forecast today. Elliott wave analysis Bitcoin, Ripple, Ethereum.
The XRPUSD market is currently growing, forming the final wave (C), which is developing as an impulse and is composed of five sub-waves 1-2-3-4-5. The down corrective wave 4 is likely to have completed as a double zigzag [w]-[x]-[y]. There is now developing the initial phase of wave 5. The Ripple price should be rising in wave 5 in the next few weeks.
Elliott wave ETHUSD analysis
LiteForex: Elliott wave cryptocurrency forecast today. Elliott wave analysis Bitcoin, Ripple, Ethereum.
The ETHUSD market, having completed the corrective wave [4], has started moving up following the final wave (5). Wave (5) is likely to be unfolding as an ending diagonal [1]-[2]-[3]-[4]-[5]. The first four elements of this ending diagonal have completed. In the next few weeks, there should be developing the final wave [5] of (5), which could complete as a simple zigzag (a)-(b)-(c).
Elliott wave BTCUSD
LiteForex: Elliott wave cryptocurrency forecast today. Elliott wave analysis Bitcoin, Ripple, Ethereum.
The BTCUSD forecast is forming the long-term uptrend, with the corrective wave recently [4] completed within. Correction [4] is composed of three major sub-waves (W)-(X)-(Y). The sub-waves (W) and (X) are simple zigzags, wave (Y) is a bearish double zigzag. Next, the market has turned up and started forming the initial phase of the new uptrend. The Bitcoin price should be rising in the next few weeks.
Elliott wave XRPUSD
LiteForex: Elliott wave cryptocurrency forecast today. Elliott wave analysis Bitcoin, Ripple, Ethereum.
The XRPUSD market is currently growing, forming the final wave (C), which is developing as an impulse and is composed of five sub-waves 1-2-3-4-5. The down corrective wave 4 is likely to have completed as a double zigzag [w]-[x]-[y]. There is now developing the initial phase of wave 5. The Ripple price should be rising in wave 5 in the next few weeks.
Elliott wave ETHUSD analysis
LiteForex: Elliott wave cryptocurrency forecast today. Elliott wave analysis Bitcoin, Ripple, Ethereum.
The ETHUSD market, having completed the corrective wave [4], has started moving up following the final wave (5). Wave (5) is likely to be unfolding as an ending diagonal [1]-[2]-[3]-[4]-[5]. The first four elements of this ending diagonal have completed. In the next few weeks, there should be developing the final wave [5] of (5), which could complete as a simple zigzag (a)-(b)-(c).