Short-term forecast for BTCUSD, XRPUSD and ETHUSD 25.05.2021

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 the three cryptocurrency pairs covered in the article should be forming bullish zigzags in the near future.

The article covers the following subjects:

Elliott wave Bitcoin analysis

The BTCUSD market has recently completed wave 2, and the price continued to decline. There could be unfolding the initial part of a new impulse. The market must have completed the impulse down wave [1], and the price is rising in the bullish correction [2]. Wave [2] could be a regular zigzag (A)-(B)-(C), as it is outlined in the chart. This zigzag should end at a level of 48300.00, where wave [2] will retrace wave [1] by 61.8%.

Trading plan for BTCUSD today:

Buy 38219.00, TP 48300.00

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Elliott wave Ripple analysis

The XRPUSD market is forming the initial part of a large double zigzag. Wave (W) is composed of three major sub-waves A-B-C. Impulse A and correction B have completed. Correction B is a double zigzag. The descending impulse wave C must have also completed. The market is rising; the first impulse sub-wave A of the linking wave (X) could have completed. An approximate trajectory of the Ripple future price movement is outlined in the chart. The price could soon rise to a level of 1.187.

Trading plan for XRPUSD today:

Buy 0.971 TP 1.187

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Elliott wave Ethereum analysis

After the upward impulse wave C completed, the market has started moving down, forming the initial par of the bearish impulse. The first bear impulse wave 1 seems to have completed as an impulse. Next, the marker has formed the first sub-wave [A] of the zigzag-shaped correction. There should be unfolding correction [B] and impulse [C] soon, as it is outlined in the chart. The Ethereum price could go up to a level of 2991.00, where wave 2 will retrace wave 1 by 50%.

Trading plan for ETHUSD today:

Buy 2539.76, TP 2991.00

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Price chart of BTCUSD in real time mode

Source: https://www.liteforex.com/blog/analysts-opinions/short-term-forecast-for-btcusd-xrpusd-and-ethusd-25052021/