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Elliott wave daily forecast for Bitcoin, Ripple and Ethereum


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1 hour ago, Market_analytics said:

Elliott wave daily forecast for Bitcoin, Ripple and Ethereum

Elliott wave forecast for BTCUSD, ETHUSD, XRPUSD for today

Elliott wave BTCUSD

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The BTCUSD forecast is forming the long-term uptrend, with the corrective wave recently [4] completed within. Correction [4] is composed of three major sub-waves (W)-(X)-(Y). The sub-waves (W) and (X) are simple zigzags, wave (Y) is a bearish double zigzag. Next, the market has turned up and started forming the initial phase of the new uptrend. The Bitcoin price should be rising in the next few weeks.

Elliott wave XRPUSD

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The XRPUSD market is currently growing, forming the final wave (C), which is developing as an impulse and is composed of five sub-waves 1-2-3-4-5. The down corrective wave 4 is likely to have completed as a double zigzag [w]-[x]-[y]. There is now developing the initial phase of wave 5. The Ripple price should be rising in wave 5 in the next few weeks.

Elliott wave ETHUSD analysis

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The ETHUSD market, having completed the corrective wave [4], has started moving up following the final wave (5). Wave (5) is likely to be unfolding as an ending diagonal [1]-[2]-[3]-[4]-[5]. The first four elements of this ending diagonal have completed. In the next few weeks, there should be developing the final wave [5] of (5), which could complete as a simple zigzag (a)-(b)-(c).

For more information follow the link to the website of the LiteForex

https://www.liteforex.com/blog/analysts-opinions/elliott-wave-daily-forecast-for-bitcoin-ripple-and-ethereum-2020-07-17/?uid=285861726&cid=79634

I note that predicted XRP rise would be sub .225 which is the resistance point we need to cross.  without crossing this line we really are still posting lower highs.

What interests me is predictions of what happens after wave 5?

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Elliott wave daily forecast for Bitcoin, Ripple and Ethereum Elliott wave forecast for BTCUSD, ETHUSD, XRPUSD for today Elliott wave BTCUSD The corrective wave (4) is likely to ha

My problem with these ‘support level lines’ is they are drawn from the extremes.  In the example above they are from wick-tip to wick-tip.  (If they were candles) In reality those lowest highest

Elliott wave daily forecast for Bitcoin, Ripple and Ethereum Elliott wave forecast for BTCUSD, ETHUSD, XRPUSD for today Elliott wave BTCUSD After the sideways corrective wave [4]

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Elliott wave daily forecast for Bitcoin, Ripple and Ethereum

Elliott wave forecast for BTCUSD, ETHUSD, XRPUSD for today

Elliott wave BTCUSD

225.thumb.png.c25829e79c29cb06f9ae412a669d8fe1.png

The BTCUSD market has completed the long-term corrective wave [4] as a double combination of zigzags. There is now should be developing a new bullish wave. There have completed a small upward impulse (1) and a down correction (2). There is now developing the initial phase of the third wave, and so, the price should be rising in the near future.

Elliott wave XRPUSD

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It is clear from the daily XRPUSD price chart that, following the completion of the down corrective wave (B), the market has started rising in the impulse wave (C). The (C) can conclude the global wave [Z] that is an element of the triple zigzag of a larger degree. The sub-waves 1-2-3-4 look complete, so the price should be rising in wave 5 for some time. Wave 5 is likely to be a simple impulse.

Elliott wave ETHUSD analysis

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In the upward impulse wave A of a larger degree, there is forming the final wave [5], namely its fifth element, wave (5). Wave (5) is likely to be developing as an ending diagonal. The first four parts of this diagonal have completed, and the final zigzag (a)-(b)-(c) is now unfolding. An approximate trajectory of the Ethereum future price movement is outlined in the chart.

 For more information follow the link to the website of the LiteForex

https://www.liteforex.com/blog/analysts-opinions/elliott-wave-daily-forecast-for-bitcoin-ripple-and-ethereum-2020-07-20/?uid=285861726&cid=79634

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Elliott wave daily forecast for Bitcoin, Ripple and Ethereum

Elliott wave forecast for BTCUSD, ETHUSD, XRPUSD for today

Elliott wave BTCUSD

225.thumb.png.fc5a56a470bc099460faf8da8eee5b3b.png

The BTCUSD market has completed the long-term corrective wave [4] as a double combination of zigzags. There is now should be developing a new bullish wave. There have completed a small upward impulse (1) and a down correction (2). There is now developing the initial phase of the third wave, and so, the price should be rising in the near future.

Elliott wave XRPUSD

226.thumb.png.f2c17bcdb079c71ef0b44094fa204d56.png

It is clear from the daily XRPUSD price chart that, following the completion of the down corrective wave (B), the market has started rising in the impulse wave (C). The (C) can conclude the global wave [Z] that is an element of the triple zigzag of a larger degree. The sub-waves 1-2-3-4 look complete, so the price should be rising in wave 5 for some time. Wave 5 is likely to be a simple impulse.

Elliott wave ETHUSD analysis

227.thumb.png.5e44e84d2c5bd3505aaad3dd4b50f46a.png

In the upward impulse wave A of a larger degree, there is forming the final wave [5], namely its fifth element, wave (5). Wave (5) is likely to be developing as an ending diagonal. The first four parts of this diagonal have completed, and the final zigzag (a)-(b)-(c) is now unfolding. An approximate trajectory of the Ethereum future price movement is outlined in the chart.

For more information follow the link to the website of the LiteForex

https://www.liteforex.com/blog/analysts-opinions/elliott-wave-daily-forecast-for-bitcoin-ripple-and-ethereum-2020-07-20/?uid=285861726&cid=79634

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Elliott wave daily forecast for Bitcoin, Ripple and Ethereum

Elliott wave forecast for BTCUSD, ETHUSD, XRPUSD for today

Elliott wave BTCUSD

244.thumb.png.3d18681d023cdba0092d0aa374b375af.png

The chart displays a part of correction [4] that seems complete. It is composed of three major sub-waves W)-(X)-(Y). There is now forming a new uptrend. There should have completed the bullish impulse (1) and the bearish correction (2). The BTCUSD market should be rising in the third wave over the next few weeks.

Elliott wave XRPUSD

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There is forming the global upward wave [Z] as a standard zigzag (A)-(B)-(C). The sub-waves (A) and (B) have completed, and there is now forming the final impulse wave (C) that is composed of the sub-waves 1-2-3-4-5. After the down correction 4 completed as a double zigzag [w]-[x]-[y], there has started wave 5. Wave 5 is likely to complete as a five-wave impulse. There have completed the first two parts of the new impulse, sub-waves [1] and [2], so, sub-waves [3]-[4]-[5] will be unfolding in the next few weeks, as it is outlined in the chart.

Elliott wave ETHUSD analysis

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The chart displays the long-term impulse wave [5], with sub-wave (5) developing inside. Wave (5) is developing as an ending diagonal. The first four elements of this diagonal have completed. There is now forming the sub-wave [5] of (5) as a simple zigzag (a)-(b)-(c). After a short price decline, the (b) correction should complete, and the Ethereum price should be rising in the (c) impulse, as it is outlined in the chart.

 

For more information follow the link to the website of the LiteForex

https://www.liteforex.com/blog/analysts-opinions/elliott-wave-daily-forecast-for-bitcoin-ripple-and-ethereum/?uid=285861726&cid=79634

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Elliott wave daily forecast for Bitcoin, Ripple and Ethereum

Elliott wave forecast for BTCUSD, ETHUSD, XRPUSD for today

Elliott wave BTCUSD

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There continues forming the long-term impulse wave, where its fourth part, corrective wave [4] has recently completed. After the down wave (Y) of [4] completed as a double zigzag W-X-Y, the price has started rising in the new uptrend. There have completed the bullish impulse (1) and the dowb correction (2) following this impulse. The BTCUSD market should be rising in the third wave over the next few weeks.

Elliott wave XRPUSD

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After the bear corrective wave (B) cimpleted, the market has started rising in the impulse wave (C) that is composed of the sub-waves 1-2-3-4-5. The sub-waves 1 and 3 are simple impulses, corrective waves 2 and 4 are double zigzags. There is now forming the final impulse 5. Since only the first two parts of impulse 5 have completed, the Ripple price should be rising in the sub-waves [3]-[4]-[5] in the next few weeks.

Elliott wave ETHUSD analysis

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There is developing the upward impulse wave A, where sub-waves (1)-(2)-(3)-(4) have completed. There is now forming wave (5) as an ending diagonal 1-2-3-4-5. There is now developing impulse wave [c] which is an element of the final bullish zigzag 5. The price should be rising in this impulse in the near future.

For more information follow the link to the website of the LiteForex
https://www.liteforex.com/blog/analysts-opinions/elliott-wave-daily-forecast-for-bitcoin-ripple-and-ethereum-2020-07-22/?uid=285861726&cid=79634

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Elliott wave daily forecast for Bitcoin, Ripple and Ethereum

Elliott wave forecast for BTCUSD, ETHUSD, XRPUSD for today

Elliott wave BTCUSD

262.thumb.png.40cc7870edd6fef145f38a3c2d692439.png

The BTCUSD continues forming the large upward impulse wave. The chart displays the structure of the last element of this bullish trend. It is clear that the corrective wave [4] completed. This correction is composed of three sub-waves (W)-(X)-(Y). The market is now forming the initial part of the new impulse wave. There have completed two small sub-waves (1) and (2). The third wave should be developing over the next few weeks.

Elliott wave XRPUSD

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The XRPUSD market is developing the upward impulse wave (C) that may conclude the global zigzag-shaped wave [Z]. Wave (C) is composed of the sub-waves 1-2-3-4-5. The down corrective wave 4 has recently completed as a double-zigzag [w]-[x]-[y]. Next, the market has resumed rising. There is now developing the third element of the final impulse 5. The price should be rising in wave [3] over the next few weeks. Next, the price could start declining in the corrective wave [4]. After that, the market will again rise in wave [5], as it is outlined in the chart.

Elliott wave ETHUSD analysis

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The ETHUSD market continues forming the upward ending diagonal that is composed of five sub-waves 1-2-3-4-5. The first four elements of this ending diagonal have completed. The market is now rising in wave 5 that is developing as a zigzag [a]--[c]. Impulse wave [a] and corrective wave have completed. There is now developing the downward correction (4) of impulse [c]. The price should decline a little in correction (4). Next, the market should be rising in wave (5) to a level of 278.00, as it is outlined in the chart.

   For more information follow the link to the website of the LiteForex

https://www.liteforex.com/blog/analysts-opinions/elliott-wave-daily-forecast-for-bitcoin-ripple-and-ethereum-2020-07-23/?uid=285861726&cid=79634

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Elliott wave daily forecast for Bitcoin, Ripple and Ethereum

Elliott wave forecast for BTCUSD, ETHUSD, XRPUSD for today

Elliott wave BTCUSD

274.thumb.png.b606b338a6fee152bd06459262dfca07.png

The BTCUSD market is forming the new upward impulse wave that has started after corrective wave [4] finished. Correction [4] is composed of sub-waves (W)-(X)-(Y). In the new trend, the bullish wave (1) has completed as an impulse, correction wave (2) has also completed. The price is rising now in the impulse wave (3). As it is has been just half-complete, the market should be rising for some time.

Elliott wave XRPUSD

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The market is forming the upward wave (Z) that is a simple zigzag (A)-(B)-(C). The sub-waves (A) and (B) of this zigzag have completed. There is now forming the upward impulse wave (C). After four sub-waves 1-2-3-4 completed, there has started the final bullish wave 5 that may complete as an impulse. In the near future, the price should be rising in the sub-wave [3]. Next, the market should go down in correction [4]. After that, the sub-wave [5] could conclude the entire wave 5, as it is outlined in the chart.

Elliott wave ETHUSD analysis

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The ETHUSD market is unfolding the global impulse wave. The chart displays the finale element of this trend. Corrective wave [4] has completed as a down triple zigzag, and the market is now forming the initial element of the final wave [5]. The sub-waves (1) and (2) look complete, wave (1) is a leading diagonal. The price is now rising in the sub-wave 3 that is unfolding as an impulse. An approximate trajectory of the Ethereum future price movement is outlined in the chart.

For more information follow the link to the website of the LiteForex

https://www.liteforex.com/blog/analysts-opinions/elliott-wave-daily-forecast-for-bitcoin-ripple-and-ethereum/?uid=285861726&cid=79634

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Forecast for cryptocurrencies Bitcoin, Ripple and Ethereum

Forecast for BTCUSD, ETHUSD, XRPUSD for today

Wave analysis for BTCUSD

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An ascending impulse wave A which consists of 5 sub-waves is forming at the moment. The ultimate segment of that impulse wave is displayed in the chart, and we see that sideways correction [4] has been completed in the form of the contracting horizontal triangle (a)-(b)-(c)-(d)-(e). Then the price started growing in the ultimate wave [5]. Apparently, wave [5] is a five-wave impulse, inside which the impulsive wave (3) has formed, most likely. So, the pair is expected to drop in correction (4) in the nearest future. Then it may grow to 10,700 inside wave (5), as shown in the chart.

Wave analysis for XRPUSD

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An ascending linking wave [X] is developing in the form of a simple zigzag  (A)-(B)-(C). A corrective wave  (B), which consists of sub-waves (W)-(X)-(Y), has been completed. Now we see a bullish impulse wave (C) forming. It’s been half formed be now.  A pair is expected to rise to 0.250 in impulse 3 in the coming trading weeks. Then a small retracement may happen in corrective wave 4. Once the market correction ends, we could observe this crypto-pair rising in wave 5 to a level of 0.281 located on a resistance line.

Elliott wave analysis for ETHUSD

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An ascending impulse wave A is forming here. We saw the sideways movement end in corrective wave [4], which formed as a double three pattern. Then the market went on moving upwards in ultimate wave [5]. By its inner structure, wave [5] is developing as a simple impulse. Most likely, we will see impulse (3) finish developing in the nearest future. Then a fall will begin in correction (4). The whole ascending trend is expected to end at around 360.00, as shown in the chart.

For more information follow the link to the website of the LiteForex

https://www.liteforex.com/blog/analysts-opinions/forecast-for-cryptocurrencies-bitcoin-ripple-and-ethereum/?uid=285861726&cid=79634

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Forecast for cryptocurrencies Bitcoin, Ripple and Ethereum

Forecast for BTCUSD, ETHUSD, XRPUSD for today

Elliott wave analysis for BTCUSD

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An ascending impulse wave A continues forming. The structure of its ultimate segment is shown in the chart. A sideways corrective wave [4] formed as a contracting horizontal triangle (a)-(b)-(c)-(d)-(e). Then the market started moving upwards, forming a bullish impulse wave [5]. Impulse (3) and a small correction (4) may finish in the nearest future. Then wave (5) may complete the ascending trend at around 12,200.00.

Elliott wave analysis for XRPUSD

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Once a descending double zigzag W-X-Y formed, the pair started growing in a new impulse wave. The ascending impulse 1 was completed, as well as its corrective wave 2, formed as a bearish double zigzag [w]-[x]-[y].  An impulse wave 3 is forming now. It consists of sub-waves [1]-[2]-[3]-[4]-[5]. Four out of its 5 parts look completed, so the price is expected to rise in wave [5] to 0.250 in the nearest future.

Elliott wave analysis for ETHUSD

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A big impulse wave A is developing at the moment. Inside it, there formed a long sideways corrective wave [4] in the form of a triple three pattern. We are currently in a bullish impulse [5]. The first three parts of this impulse look fully completed. So, in the nearest time the market is expected to rise in the final wave (5) to a level of 360.00 after a slight decline in correction (4).

For more information follow the link to the website of the LiteForex

https://www.liteforex.com/blog/analysts-opinions/forecast-for-cryptocurrencies-bitcoin-ripple-and-ethereum-2020-07-28/?uid=285861726&cid=79634

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Forecast for cryptocurrencies Bitcoin, Ripple and Ethereum

Forecast for BTCUSD, ETHUSD, XRPUSD for today

Elliott wave analysis for BTCUSD

327.thumb.png.7fa2084722ce95648dba6541ae0aef9b.png

The market is forming a global ascending trend. An impulse wave A, which consists of 5 sub-waves, is forming at the moment. Corrective wave [4] developed as a contracting triangle not long ago. Then the price started growing rapidly in impulse wave [5]. Impulse (3) is expected to end in the coming trading weeks. Then a descending correction (4) will start, after which a pair may rise in ultimate wave (5) to 12,200, as shown in the chart.

Elliott wave analysis for XRPUSD

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An ascending impulse wave, which started after descending correction (B), continues forming.  Sub-waves 1 and 2 have already formed and impulse 3 is about to finish. It may fully form at around 0.250. Then the pair will reverse and start declining in a new bearish trend.

Elliott wave analysis for ETHUSD

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A global impulse wave A is forming here. It consists of sub-waves [1]-[2]-[3]-[4]-[5]. Once the sideways corrective wave [4] formed as a triple three pattern, the market started rising in an ascending impulse wave [5]. A bullish impulse [5] is supposed to end in wave (5) of smaller degree at around 360.00 in the next trading days. Then the price is expected to fall. 

For more information follow the link to the website of the LiteForex

https://www.liteforex.com/blog/analysts-opinions/forecast-for-cryptocurrencies-bitcoin-ripple-and-ethereum-2020-07-29/?uid=285861726&cid=79634

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Forecast for cryptocurrencies Bitcoin, Ripple and Ethereum

Forecast for BTCUSD, ETHUSD, XRPUSD for today

Elliott wave analysis for BTCUSD

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A global impulse wave has been forming here for a long time. Its fourth part - correction [4] - has formed as a contracting horizontal triangle (a)-(b)-(c)-(d)-(e). Then the market grew in the final bullish impulse [5]. The ascending movement is supposed to continue in sub-waves (3)-(4)-(5) to a level of 12,200 in the nearest time. The chart shows an approximate pattern of an eventual future movement.

Elliott wave analysis for XRPUSD

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An ascending linking wave [X], which consists of thee main sub-waves (A)-(B)-(C), is developing in the form of a simple zigzag.  The bullish impulse wave (C) of this zigzag marked with sub-waves 1-2-3-4-5 is forming at the moment. Sub-waves 1 and 3 are simple impulses; corrective wave 2 is a double zigzag [w]-[x]-[y]. Supposedly, impulse 3 has fully formed and we are now at the beginning of descending correction 4. It isn’t expected to be big, so the price may resume growing in wave 5 to a level of 0.281.

Elliott wave analysis for ETHUSD

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An ascending impulse wave A, which consists of 5 sub-waves, is forming at the moment. The first four parts of the pattern have fully formed. Corrective wave [4] formed as a double three pattern after a long period of development.  The ultimate wave (5) of the last impulse [5] is developing at the moment. The growth may continue in this wave to a level of 360.00. Then the market may reverse and start moving downwards.

For more information follow the link to the website of the LiteForex

https://www.liteforex.com/blog/analysts-opinions/forecast-for-cryptocurrencies-bitcoin-ripple-and-ethereum-2020-07-30/?uid=285861726&cid=79634

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Forecast for cryptocurrencies Bitcoin, Ripple and Ethereum

Forecast for BTCUSD, ETHUSD, XRPUSD for today

Elliott wave analysis for BTCUSD

346.thumb.png.3fcfaa63d2e63990a674377845e93072.png

An ascending impulse wave A is developing at the moment, with the ultimate bullish impulse [5] forming inside. A sideways corrective wave (4), which is flat a-b-c, has formed within that impulse recently. Apparently, the market is moving upwards in the first part of the ultimate wave (5) to a level of 12,200. Thus, the price is expected to rise in the nearest time.

Elliott wave analysis for XRPUSD

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An ascending trend is forming here too. A bullish impulse wave (С), which consists of sub-waves 1-2-3-4-5, is forming at the moment. The 5-wave impulse 6 might have formed already, so the market is expected to fall in correction 4 in the nearest time.  Once it’s completed, the growth could continue in the final impulse 5 to a level of 0.281, as shown in the chart.

Elliott wave analysis for ETHUSD

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An ascending 5-wave impulse wave A is developing, with its four out of five parts completed. Within the final bullish impulse [5], a corrective movement ended in wave (4) formed as a double three pattern w-x-y.  Then the market continued growing in wave (5). The uptrend is supposed to finish at around 360.00. Then the price may reverse and start declining.

For more information follow the link to the website of the LiteForex

https://www.liteforex.com/blog/analysts-opinions/forecast-for-cryptocurrencies-bitcoin-ripple-and-ethereum-2020-07-31/?uid=285861726&cid=79634

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Elliott wave daily forecast for Bitcoin, Ripple and Ethereum

Elliott wave forecast for BTCUSD, ETHUSD, XRPUSD for today

Elliott wave BTCUSD

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After the long-term corrective wave w[4] completed as a triangle, the market has started rising in the final impulse wave [5]. Wave [5] is composed of five sub-waves (1)-(2)-(3)-(4)-(5). There is now forming the fifth element of this formation. The market is likely to continue rising in sub-wave (5) towards level 12200. When wave [5] completes, a new downtrend should start.

Elliott wave XRPUSD

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The XRPUSD market is forming the linking down wave [X] as a simple zigzag (A)-(B)-(C). The chart displays the structure of the last section of this zigzag, where the down corrective wave (B) has completed. It is composed of the sub-waves W-X-Y. The market is now forming the upward impulse (C). There is now developing the third wave of the (C) impulse. Wave (3) should complete soon, and the price could start declining in correction 4. The entire bull trend could complete at a level of 0.355.

Elliott wave ETHUSD analysis

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The ETHUSD market continues unfolding the upward impulse wave A that is composed of five sub-waves. Four out of five elements of this pattern have completed. There is now developing the final impulse wave [5] that is composed of the sub-waves (1)-(2)-(3)-(4)-(5). The market is expected to be rising in the final wave (5) towards a level of 437.00. Next, the ETHUSD market could turn down and start declining.

For more information follow the link to the website of the LiteForex

https://www.liteforex.com/blog/analysts-opinions/elliott-wave-daily-forecast-for-bitcoin-ripple-and-ethereum-2020-08-03/?uid=285861726&cid=79634

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Elliott wave daily forecast for Bitcoin, Ripple and Ethereum
Elliott wave forecast for BTCUSD, ETHUSD, XRPUSD for today
Elliott wave BTCUSD

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LiteForex: Elliott wave cryptocurrency forecast today. Elliott wave analysis Bitcoin, Ripple, Ethereum.
The most recent section of the chart displays the upward impulse wave [5] that is the final element of the long-term bullish impulse A. Wave [5] has started developing after the horizontal contracting triangle [4] completed. Wave (5) of a smaller degree should conclude the entire uptrend at a level of around 12200. Next, the market should start declining in the new downtrend.

Elliott wave XRPUSD

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LiteForex: Elliott wave cryptocurrency forecast today. Elliott wave analysis Bitcoin, Ripple, Ethereum.
There is developing the upward linking wave [X] that is a standard zigzag (A)-(B)-(C). After the long-term corrective wave (B), composed of the sub-waves W-X-Y, the market resumed rising. There is now unfolding the bullish impulse wave (C), namely its third wave that is an impulse. Impulse 3 should complete soon. It will be followed by correction 4. After that, the price should start rising in wave 5 towards a level of 0.355.

Elliott wave ETHUSD analysis

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LiteForex: Elliott wave cryptocurrency forecast today. Elliott wave analysis Bitcoin, Ripple, Ethereum.
The market is rising in the uptrend. The chart displays the structure of the bullish impulse wave A that is composed of five sub-waves. The long-term corrective wave [4] finished not long ago as a triple combination of zigzags. After that, the market has started rising in the final motive wave [5]. The entire wave A should conclude at a level of 437.00. Next, the market could turn down and start declining.

For more information follow the link to the website of the LiteForex

https://www.liteforex.com/blog/analysts-opinions/elliott-wave-daily-forecast-for-bitcoin-ripple-and-ethereum-2020-08-04/?uid=285861726&cid=79634

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Elliott wave daily forecast for Bitcoin, Ripple and Ethereum

Elliott wave forecast for BTCUSD, ETHUSD, XRPUSD for today

Elliott wave BTCUSD

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The market continues forming the upward impulse wave A that is composed of five sub-waves [1]-[2]-[3]-[4]-[5]. The corrective wave [4] completed as a triangle, and the impulse wave [5] has started forming. Wave [5] consists of the sub-waves [1]-[2]-[3]-[4]-[5]. The price is likely to be declining now in the final element of the corrective wave (4) that is developing as a bearish zigzag a-b-c. Over the next few days, when the indicated correction finishes, the BTC price should be rising in wave (5) of [5] towards a level of 12200.

Elliott wave XRPUSD

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In the upward impulse wave (C) currently unfolding, there have completed sub-waves 1-2-3. There should be developing the down corrective wave 4 now. It could complete as a standard zigzag [a]--[c]. Impulse [a] and correction have completed. There is now unfolding the initial element of wave [c], which suggests a further price decline. The entire correction 4 should complete at a level of 0.246, marked by impulse [a]. Next, the Ripple price should be rising to a level of 0.340 in the final wave 5.

Elliott wave ETHUSD analysis

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The ETHUSD market is following the global bullish impulse wave A. When the corrective wave [4] completed, the market has started rising in the impulse wave [5]. There have completed three elements of wave [5], and the down correction (4) is currently developing. This correction may complete as a simple zigzag a-b-c at a level of around the previous low made by impulse a, which is 329.22. Next, the market should be rising in the final wave (5) to a level of 420.00, as it is outlined in the chart.

For more information follow the link to the website of the LiteForex

https://www.liteforex.com/blog/analysts-opinions/elliott-wave-daily-forecast-for-bitcoin-ripple-and-ethereum-2020-08-05/?uid=285861726&cid=79634

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