Brief-term forecast for BTCUSD, XRPUSD and ETHUSD 23.07.2021

Short-term forecast for BTCUSD, XRPUSD and ETHUSD 23.07.20212021-07-23 2021-07-23 Roman Oneginlogo2021-07-23 2021-07-23 Short-term forecast for BTCUSD, XRPUSD and ETHUSD 23.07.2021Roman Oneginlogo

I welcome my readers!

I have prepared a short-term cryptocurrency forecast based on Elliott wave analysis of Bitcoin, Ripple, and Ethereum. I offer entry signals to trade each cryptocurrency.

All three cryptocurrency pairs covered in the article should be rising over the next few days. Let us study the market situation for each pair in detail.

The article covers the following subjects:

  • Elliott wave Bitcoin analysis
  • Elliott wave Ripple analysis
  • Elliott wave Ethereum analysis

Elliott wave Bitcoin analysis

The BTCUSD market is forming an upward corrective wave [B] as a double zigzag. There may have completed the descending linking wave (X) as a triple zigzag W-X-Y-X-Z. There is unfolding the upward motive wave (Y). The Bitcoin price should go up to a level above 34700.00. One could enter buy trades in the current situation.

Trading plan for BTCUSD today:

Buy 32575.50, TP 34700.00

Elliott wave Ripple analysis

In late June, the XRPUSD market finished forming the descending wave (W). Next, there started the upward double zigzag W-X-Y. So far, there have completed sub-waves W and X, a standard zigzag and a triple zigzag. The Ripple price should be rising in the final motive wave Y to a level much higher than the high of 0.655, marked with the linking wave [X]. One could enter purchases in the current situation.

Trading plan for XRPUSDtoday:

Buy 0.594, TP 0.655

Elliott wave Ethereum analysis

The ETHUSD market is forming the corrective wave B, an element of the regular bullish zigzag. Wave B is composed of three sub-waves [A]-[B]-[C], two of which have completed. The market is now rising in the inceptive part of the upward wave [C], which should be an impulse. The Ethereum price should be rising to a level above 2172.00. It is relevant to open buy positions.

Trading plan for ETHUSDtoday:

Buy 2054.53, TP 2172.00

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Price chart of BTCUSD in real time mode

The content of this article reflects the author’s opinion and does not necessarily reflect the official position of LiteForex. The material published on this page is provided for informational purposes only and should not be considered as the provision of investment advice for the purposes of Directive 2004/39/EC.

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