Brief-term forecast for BTCUSD, XRPUSD and ETHUSD 26.07.2021


Short-term forecast for BTCUSD, XRPUSD and ETHUSD 26.07.20212021-07-26 2021-07-26 Roman Oneginlogo2021-07-26 2021-07-26 Short-term forecast for BTCUSD, XRPUSD and ETHUSD 26.07.2021Roman 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.

Ethereum and Ripple are rising in the bullish impulses, which have not yet completed and should continue unfolding.

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 developing the corrective wave [B] as a double zigzag (W)-(X)-(Y). The first two legs of this formation, sub-waves (W) and (X) have completed. There is now unfolding the bullish wave (Y) as a zigzag A-B-C. Impulse wave A seems to have completed. Therefore, there should be developing correction B and impulse C, as outlined in the chart. The C wave should be shorter than the A wave and finish at a level of around 38910.00, where wave (Y) will be 123.6% of wave (W).

Trading plan for BTCUSD today:

Buy 38246.00, TP 38910.00

Elliott wave Ripple analysis

The XRPUSD market continues forming the horizontal pattern as a flat A-B-C. Wave A is a zigzag [A]-[B]-[C]. Corrective wave B is a triple zigzag [W]-[X]-[Y]-[X]-[Z]. Wave C, like in all flats, has the impulse structure; it has not yet finished. There is now unfolding the middle leg of the final sub-wave [5] in the C impulse, that is sub-wave (3). Wave (3) should end at a level of around 0.667. After the indicated level is reached by the price, the price should be corrected down in sub-wave (4). Afterwards, the market will resume rising in the final sub-wave (5), as outlined in the chart.

Trading plan for XRPUSDtoday:

Buy 0.647, TP 0.667

Elliott wave Ethereum analysis

The ETHUSD market continues rising in corrective wave B, which is unfolding as a zigzag [A]-[B]-[C]. Wave [A] is a leading diagonal, corrective wave [B] is a bearish triple zigzag (W)-(X)-(Y)-(XX)-(Z). The market is now rising in the final impulse wave [C]. The price should be soon corrected down in a small sub-wave (4) and continue rising in sub-wave (5), as outlined in the chart. The entire wave [C] should end at a level of 2425.00, where wave [C] will be equal to wave [A].

Trading plan for ETHUSDtoday:

Buy 2295.63, TP 2425.00

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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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