Home News Short-term forecast for BTCUSD, XRPUSD and ETHUSD 30.05.2022

Short-term forecast for BTCUSD, XRPUSD and ETHUSD 30.05.2022

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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 BTCUSD and XRPUSD must be forming final corrective waves as triangles.

The article covers the following subjects:

Elliott wave Bitcoin analysis

The BTCUSD market is forming the final wave Y of the large double zigzag. Wave Y is developing as a standard zigzag, with the final impulse wave [C] unfolding inside. In the [C] wave, correction (4) has completed as a triangle A-B-C-D-E. Therefore, the Bitcoin price should be declining in wave (5) to a level below the low of 27922.00, marked by sub-wave D.

Trading plan for BTCUSD today:

Sell 30301.00, Take profit: 27922.00


Elliott wave Ripple analysis

The XRPUSD is forming a bearish impulse wave [C], the final leg of the motive wave Z. Wave [C] is composed of sub-waves (1)-(2)-(3)-(4)-(5). The sideways correction (4) is currently unfolding as a triangle A-B-C-D-E. The price could rise in the final wave E to a level of 0.406. Next, the Ripple market should be declining in sub-wave (5), as outlined in the chart.

Trading plan for XRPUSD today:

Buy 0.394, Take profit: 0.406


Elliott wave Ethereum analysis

The ETHUSD market is forming the linking wave (X) as a triple zigzag W-X-Y-XX-Z. The motive wave Z is unfolding as a standard zigzag [A]-[B]-[C], with the final wave [C] unfolding inside as a bearish impulse (1)-(2)-(3)-(4)-(5). The [C] impulse should finish at a level of 1600.00, where wave (5) will be 38.2% of wave (3).

Trading plan for ETHUSD today:

Sell 1869.55, Take profit: 1600.00


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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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