Analysis

4 cryptocurrencies: Ethereum, Litecoin, Ripple, Dash

Ethereum ended 7 swings corrective structure around equal legs area $704 – $549 and up from there it did 3 waves bounce. As long as $565 low is holding, ETH should remain supported and do another leg higher toward $1050.

Litecoin did 3 wave Zigzag structure from 12/19/2017 peak $369which reached equal legs area $116 – $72. Up from there, LTCUSD has started a new cycle higher with the first 3 waves ended at $252.5 from where it did 3 waves pullback that found buyers around equal legs area $177 – $144 then bounced higher.

Down from 1/11/2018 peak $1322, Dash did 7 swing structure which ended around equal legs area $437 – $244 area. Up from there, DASHUSD started a new cycle to the upside and pullbacks should remain above $378.

Down from 01/04/2018 peak $3.3, Ripple did a double three structure which did reach extreme area $0.75 – $0.35. Up from there, Ripple started a new rally and while $0.57 is holding it’s expected to see more upside.

 

 


 

Become a Successful Trader and Master Elliott Wave like a Pro. Start your Free 14 Day Trial at - Elliott Wave Forecast.

Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.


RELATED CONTENT

Loading ...



Copyright © 2024 FOREXSTREET S.L., All rights reserved.