Short-term analysis for BTCUSD, XRPUSD, and ETHUSD for 29.05.2024

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Dear readers,

I’ve prepared a short-term forecast for Bitcoin, Ripple, and Ethereum based on the Elliott wave analysis.

The cryptocurrencies may drop to the previous lows. 

Elliott Wave analysis for Bitcoin

We can see a layout of an impulse forming. It consists of subwaves [1]-[2]-[3]-[4]-[5]. The subwaves [1]-[2]-[3]-[4] are complete. The initial part of the final impulse wave [5] is currently unfolding, with the first small subwaves (1)-(2) already formed. The first subwave (1) may be unfolding as part of wave [5]. The price is presumably correcting in subwave [4], which is a part of impulse (1), and may fall… Read full author’s opinion and review in blog of #LiteFinance

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