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BTC
$49,259.37
+0.48%
ETH
$4,197.96
+0.78%
LTC
$155.90
-2.02%
DASH
$132.37
-5.14%
XMR
$201.32
+0.13%
NXT
$0.01
-2.98%
ETC
$38.97
-1.57%
DOGE
$0.17
-2.94%
ZEC
$183.37
-0.84%
BTS
$0.04
-7.39%
DGB
$0.04
-4.8%
XRP
$0.80
-2.57%
BTCD
$123.74
+0.48%
PPC
$0.76
-3.81%
CRAIG
$0.01
+0.48%
XBS
$2.43
0%
XPY
$0.00
-55.98%
PRC
$0.00
0%
YBC
$1,800.98
0%
DANK
$0.01
+0.48%

Elliott wave analysis BTCUSD, XRPUSD and ETHUSD today (30 August 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.

Cryptocurrency pairs continue forming bullish impulses, with the finals sub-waves unfolding inside. 

The article covers the following subjects:

Elliott wave Bitcoin analysis

The hourly BTCUSD price chart displays the structure of the corrective up wave [B], composed of the sub-waves (A)-(B)-(C). There is developing the final subwave (C) as an impulse composed of sub-waves 1-2-3-4-5, with the final wave 5 unfolding inside. Sub-waves [1]-[2]-[3]-[4] have completed, and the final sub-wave [5] has recently started developing. The price could go up to a level of 51100.00, following wave [5]. 

Trading plan for BTCUSD today:

Buy 48084.50, TP 51100.00

Elliott wave Ripple analysis

The hourly XRPUSD price chart displays the final part of the linking wave (X) of a larger degree, impulse wave C. There must have completed wave [4] as a regular zigzag (A)-(B)-(C). There is unfolding the initial part of the final wave [5]. There should soon form sub-waves (3)-(4)-(5), as outlined in the chart. The Ripple price could go up to a level of 1.402. 

Trading plan for XRPUSD today:

Buy 1.120, TP 1.402


Elliott wave Ethereum analysis

The hourly ETHUSD chart displays the structure of the impulse up wave [C], which will conclude correction B of a larger degree. Sub-waves (1)-(2)-(3)-(4) have completed within wave [C]. Corrective wave (4) has a horizontal structure of a flat A-B-C. Sub-waves 3-4-5 should conclude the final bullish impulse (5) at a level of 3670.00.

Trading plan for ETHUSD today:

Buy 3158.12, TP 3670.00


P.S. Did you like my article? Share it in social networks: it will be the best “thank you” 🙂

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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