Волновой анализ криптовалют Биткоин, Эфириум на 19-23 августа, 2019. Wave analysis bitcoin, ethereum


Hi
Roman Onegin is here
Monday, 19 August 2019
Weekly Elliott wave cryptocurrency forecast and analysis
Elliott wave BTCUSD analysis
The long-term downward double zigzag has been developing over the past one and a half years.
The linking wave [X] finished not long ago, afterwards, there started developing the initial part of the descending wave [Y].
Let us study the structure of the last section in more detail in the H8 timeframe.
The initial part of the [Y] is developing as a leading diagonal that consists of five parts.
There is currently forming wave 5 of (1), with correction [iv] developing within
When the [iv] wave is complete, the price should continue declining in the impulse [v] towards a level of 9112.
Elliott wave ETHUSD analysis
There is developing a long-term descending triple zigzag that started in early 2018.
The linking wave [X] finished not long ago, afterwards, the price continued declining in the [Z] wave.
There is likely to have been complete a descending impulse [1], consisting of five waves, which has been followed by the price rise in the correction [2]
The price is expected to rise in the [2] wave to a level of 267.6.
At this level, the wave’s length will reach the level of 50% of the previous downward impulse.
This level is highly likely to be reached amid the current situation, so, one could enter long positions.
Elliott wave LTCUSD analysis
Just like other major cryptocurrencies, the LTCUSD market is forming a long-term descending triple zigzag [W]-[X]-[Y]-[X]-[Z]
The final part of this triple zigzag is currently forming.
Let us study the structure of wave [Z] of B in more detail in the eight-hour timeframe.
The descending impulse (1) has been complete and the initial part of the upward corrective wave (2) is currently forming.
The price is expected to rise to a level of 108 in wave (2).
At level 108, the size of wave (2) will be 50% of the previous descending impulse, according to Fibonacci levels.
Elliott wave EOSUSD analysis
EOSUSD market is also forming a long-term descending triple zigzag.
Wave [Z] of B is developing in this triple zigzag.
Let us study the structure of wave [Z] in more detail on the H8 timeframe.
There is currently forming a descending impulse wave, where the first three parts have been complete inside.
There is currently forming correction 4 that may develop as a flat [a]-[b]-[c].
Since the impulse [c] of 4 has already started developing, the price should rise to a level of 4.7.
An approximate trajectory of the possible future price movement is outlined in the chart.
Elliott wave XRPUSD analysis
The market continues moving in the deep descending corrective wave B.
There is currently forming the final part of this wave, that is zigzag [z]
Let us study the structure of its last part in more detail on the H8 timeframe.
When wave (B) had been complete, the market started moving down.
The impulse wave 1 is likely to have completed and an upward correction 2 is currently developing.
In this corrective wave, the price should rise to a level of 0.37.
At this level, the size of wave 2 will be 50% of wave 1.
The price is quite likely to reach this level, so I recommend opening buy positions in the current situation.
Thanks for your attention

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