Short-term forecast for BTCUSD, XRPUSD and ETHUSD 18.10.2023

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I welcome my readers!

I have prepared a short-term cryptocurrency forecast based on the Elliott wave analysis of Bitcoin, Ripple, and Ethereum. I offer entry signals to trade each cryptocurrency.

The article covers the following subjects:

Elliott wave Bitcoin analysis

The last actionary wave [Z] inside the linking wave XX can take the shape of a standard zigzag (A)-(B)-(C). The impulse wave (A) may have already been completed. A corrective wave (B) is now unfolding. Correction (B) may end around the level of 27646.97. Then, expect the price to rise in impulse (C) toward the top (A). In the current situation, consider opening short trades.

Trading plan for BTCUSD today:

Sell 28491.70, Take profit: 27646.97


Elliott wave Ripple analysis

Ripple continues to build the linking wave [X] as a triple zigzag. The first four parts of this pattern have already been completed. The actionary wave (Z) is currently unfolding as a zigzag A-B-C. The price in the indicated wave may rise to 0.544, marked by the previous actionary wave (Y). In the current situation, consider opening long trades.

Trading plan for XRPUSD today:

Buy 0.485, Take profit: 0.544


Elliott wave Ethereum analysis

Ethereum continues to build a complex linking wave (X) as a triple zigzag W-X-Y-X-Z. The decline in the linking sub-wave X has recently ended. This sub-wave has the shape of a simple zigzag consisting of three waves [A]-[B]-[C]. Soon expect a price rise in the actionary wave Z, which may take the shape of a double zigzag [W]-[X]-[Y], approximately to the level of 1751.00.

Trading plan for ETHUSD for today:

Buy 1564.90, Take profit: 1751.00


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The content of this article reflects the author’s opinion and does not necessarily reflect the official position of LiteFinance. 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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