Elliott wave analysis BTCUSD, XRPUSD and ETHUSD today (24 September 2021)
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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.
The market continues forming descending impulses for all cryptocurrency pairs covered in the article.
The article covers the following subjects:
Elliott wave Bitcoin analysis
The BTCUSD market continues forming the descending impulse wave. Sub-waves 1 and 2 completed in the new potential impulse. At the time of writing, sub-waves  and  have finished in the third wave. The market should continue declining in sub-wave  to a level below 37233.00. I recommend entering short trades with a target at the above-indicated level.
Trading plan for BTCUSD today:
Sell 44218.28, TP 37233.00
Elliott wave Ripple analysis
The XRPUSD market is forming the initial part of the simple down impulse with the first two sub-waves 1 and 2 completed within. There is now unfolding the third sub-wave, namely its middle leg, impulse . The price should be moving in waves (3)-(4)-(5) to a level below 0.805. Therefore, it is recommended to enter sell trades in the current situation.
Trading plan for XRPUSD today:
Sell 0.975, TP 0.805
Elliott wave Ethereum analysis
The ETHUSD market is forming the new down wave as a bearish impulse. There is now forming wave 3, which could also be an impulse ----, as is outlined in the chart. The market should be declining to a level of 2520.00. Next, following a short upward correction , the market will continue declining to lower levels. One should enter sell trades in the current situation.
Trading plan for ETHUSD today:
Sell 3069.95, TP 2520.00
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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.