Short-term forecast for BTCUSD, XRPUSD and ETHUSD 27.04.2021

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 is forming a bullish zigzag. Ethereum and Ripple are developing bullish impulses.

The article covers the following subjects:

Elliott wave Bitcoin analysis

The most recent BTCUSD chart section displays the initial part of the descending impulse currently unfolding. There has completed the bearish impulse wave 1, and the market is developing bullish correction 2. Correction 2 should be unfolding as a simple zigzag [A]-[B]-[C]. Impulse wave [A] looks complete, so there should be developing correction [B]. Next, the market will resume growing in the [C] impulse towards a level of 58000.00, as it is outlined in the chart.

Trading plan for BTCUSD today:

Buy 53621.50, TP 58000.00


Elliott wave Ripple analysis

The descending zigzag-shaped correction [2] has completed at the most recent XRPUSD chart section. Correction [2] is composed of three major sub-waves, (A)-(B)-(C). There is now forming the beginning of the bullish impulse wave [3]. The first two sub-waves (1) and (2) have completed. Therefore, the market should be rising to a level higher than the previous high of 1.961, marked by a large wave [1].

Trading plan for XRPUSD today:

Buy 1.398, TP 1.961


Elliott wave Ethereum analysis

The hourly timeframe of the ETHUSD price chart displays the bullish impulse 1-2-3-4-5, which should conclude the global impulse wave C. The first four sub-waves 1, 2, 3 and 4 have completed, and the final sub-wave 5 is still developing. Wave 5 must finish at a level of 2700.00. Therefore, one could enter long positions with a target profit at a level of 2700.00.

Trading plan for ETHUSD today:

Buy 2495.54, TP 2700.00


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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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