Home Market Short-term forecast for BTCUSD, XRPUSD and ETHUSD 13.06.2022

Short-term forecast for BTCUSD, XRPUSD and ETHUSD 13.06.2022


I welcome my readers!

I have prepared a short-term cryptocurrency forecast based on the Elliott wave analysis of Bitcoin, Ripple, and Ethereum. I offer entry signals to trade each cryptocurrency.

The BTCUSD market reached the previous low hit in early May, and the price continued declining.

The article covers the following subjects:

Elliott wave Bitcoin analysis

The BTCUSD market is forming a descending motive wave W as a standard zigzag [A]-[B]-[C]. There is unfolding the final impulse wave [C], with the final wave (5) developing inside. Wave (5) is unfolding as an impulse 1-2-3-4-5. Impulse 3 has completed, and the price should be rising in correction 4. Next, the market will resume declining in sub-wave 5, as outlined in the chart. Wave (5) should end at a level of 22985.00, where it will be 38.2% of impulse (3).

Trading plan for BTCUSD today:

Sell 25680.50, Take profit:  22985.00

Elliott wave Ripple analysis

The XRPUSD chart displays the final part of the motive wave (Y) unfolding as a triple zigzag. The final motive wave Z is developing as a standard zigzag [A]-[B]-[C], which should soon end. There is forming the final impulse wave (5) composed of sub-waves 1-2-3-4-5. The impulse pattern should end at a level of 0.240, where wave (5) will be 38.2% of impulse (3).

Trading plan for XRPUSD today:

Sell 0.330, Take profit: 0.240

Elliott wave Ethereum analysis

The ETHUSD is forming the linking wave (X) as a triple zigzag W-X-Y-XX-Z. The final motive wave Z is developing as a simple zigzag [A]-[B]-[C], which should soon end. The final impulse sub-wave (5) of the [C] impulse is currently unfolding. Wave (5) is developing as an impulse 1-2-3-4-5, which should soon finish at a level of 1200.00, where wave (5) will be 50% of the previous impulse wave (3).

Trading plan for ETHUSD today:

Sell 1356.35, Take profit: 1200.00

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.

Useful links:

  • I recommend trying to trade with a reliable broker here. The system allows you to trade by yourself or copy successful traders from all across the globe.
  • Use my promo-code BLOG for getting deposit bonus 50% on LiteFinance platform. Just enter this code in the appropriate field while depositing your trading account.
  • Telegram chat for traders: We are sharing the signals and trading experience
  • Telegram channel with high-quality analytics, Forex reviews, training articles, and other useful things for traders https://t.me/liteforex

The content of this article reflects the author’s opinion and does not necessarily reflect the official position of LiteFinance. 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.

Rate this article:

{{value}} ( {{count}} {{title}} )

Previous articleMarket overview: The Break
Next articleEUR/JPY Daily Outlook – Action Forex