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Elliott wave analysis BTCUSD, XRPUSD and ETHUSD today (27 September 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.

All cryptocurrency pairs covered in the article must complete impulse sub-waves in bullish corrections. The downtrends will continue afterwards.

The article covers the following subjects:

Elliott wave Bitcoin analysis

The BTCUSD market is forming the initial part of the bullish wave as an impulse. Sub-waves (1)-(2) have finished, and the third wave is currently unfolding. In the third wave, which is an impulse, the first leg, impulse 1, has finished. There is unfolding correction 2 as a zigzag [A]-[B]-[C]. This zigzag should soon end, and the price will continue falling in impulse 3 to a level below 39500.00, marked by wave 1.

Trading plan for BTCUSD today:

Sell 44062.79, TP 39500.00

Elliott wave Ripple analysis

The XRPUSD market is declining in the new bearish wave, unfolding as an impulse. Impulse wave [1] has recently completed; it is composed of sub-waves (1)-(2)-(3)-(4)-(5). next, the market has started rising in correction [2]. Correction [2] must finish soon as a zigzag (A)-(B)-(C). Next, the market will turn down and continue declining to a level below 0.805, marked by wave [1].

Trading plan for XRPUSD today:

Sell 0.968, TP 0.805

Elliott wave Ethereum analysis

The ETHUSD market is forming a new bearish trend as an impulse. The most recent chart section displays the beginning of the third wave, with the bearish wave [1] completed inside. There is unfolding the upward correction [2] as a zigzag (A)-(B)-(C), which should end soon, After wave [2] finishes, the market should turn down and continue declining to a level of 2643.00, marked by wave [1].

Trading plan for ETHUSD today:

Sell 3142.85, TP 2643.00

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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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