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Elliott wave analysis BTCUSD, XRPUSD and ETHUSD today (3 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.

The cryptocurrency prices continue rising. One can still enter buy trades on each cryptocurrency pair covered in the article.

The article covers the following subjects:

Elliott wave Bitcoin analysis

The BTCUSD market is forming the zigzag-shaped correction [B]. The first two sub-waves have completed in the [B] wave, and the final leg, sub-wave (C) is still developing. The (C) wave is a bullish impulse 1-2-3-4-5. Corrective wave 4 has recently completed as a double three. There is unfolding wave 5, which should end soon at a level of 51100.00. One could enter buy trades in the current situation.

Trading plan for BTCUSD today:

Buy 49716.00, TP 51100.00

Elliott wave Ripple analysis

The XRPUSD market is forming the upward impulse wave C, which will conclude the linking wave (X). Wave C is composed of five sub-waves, and four of them have finished. There is developing wave [5], which should end at a level of 1.402. Therefore, I recommend entering purchases with a target at the above-indicated level.

Trading plan for XRPUSD today:

Buy 1.284, TP 1.402

Elliott wave Ethereum analysis

The ETHUSD pair is forming a long-term corrective wave B, namely, its final sub-wave [C]. Wave [C] is unfolding as a simple impulse (1)-(2)-(3)-(4)-(5). After the corrective wave (4) completed as a flat, the price has started rising in sub-wave (5). In wave (5), there must be forming impulse 3, which should end at a level of 3950.00, as outlined in the chart. One could enter purchases in the current situation.

Trading plan for ETHUSD today:

Buy 3805.26, TP 3950.00

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Ask me questions and comment below. I’ll be glad to answer your questions and give necessary explanations.

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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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