Short-term analysis for BTCUSD, XRPUSD, and ETHUSD for 31.05.2024

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Dear readers,

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

Elliott Wave analysis for Bitcoin

The impulse made of subwaves [1]-[2]-[3]-[4]-[5] continues forming in Bitcoin’s chart as in previous days. The subwaves [1]-[2]-[3]-[4] have formed for now. The first subwave (1) may be developing as part of wave [5]. Correction 4 is presumably completed as part of impulse (1), and the price is now growing in subwave 5, probably to 74,911.17.

Trading plan for BTCUSD for today:

Buy 68,315.45, Take profit: 74,911.17

Elliott Wave analysis for Ripple

As in previous days, Ripple’s… Read full author’s opinion and review in blog of #LiteFinance

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