Long for BTC, ETH, Oil, Gold; short for XRP. Here are the details for today’s analysis!
Bitcoin:
- Bitcoin is finishing a complex wave pattern called a “linking wave X.”
- Expect a short-term rise to $44,669 before a drop to $36,700.
- Buy at $43,634 and sell at $44,669.
Ripple:
- Ripple is building a “double zigzag” wave pattern.
- The price is likely to fall to $0.570.
- Short sell at $0.608 and take profit at $0.570.
Ethereum:
- Ethereum is in the final part of an upward wave called “wave (Z).”
- Expect a rise to $2402.
- Buy at $2194 and take profit at $2402.
Oil:
- Oil is correcting in a short-term uptrend.
- Buy at $72.09-$71.76 or $70.44-$69.95 with a target of $75.30.
- Stop loss according to the pattern rules.
Gold:
- Look for a pattern to sell gold below yesterday’s low.
- Target the low of December 15th or $1977-$1973.
- If the price closes above $2037, buy with a target of $2101-$2089.
Categories: Market News