Short-term forecast for BTCUSD, XRPUSD and ETHUSD 27.07.2023

2023.07.27 2023.07.27
Short-term forecast for BTCUSD, XRPUSD and ETHUSD 27.07.2023

Roman Oneginhttps://www.litefinance.org/blog/authors/roman-onegin/

I welcome my readers!

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

Elliott Wave Bitcoin analysis

The BTCUSD market is forming a new bearish trend as a standard zigzag A-B-C. Impulse A and correction B must have completed. There is forming a descending impulse wave C, with the first wave [1] completed inside. The market is being corrected in sub-wave [2], which should drive the price up to a level of 29765.23, where wave [2] will retrace impulse [1] by 61.8%.

Trading plan for BTCUSD today:

Buy 29428.52, Take profit: 29765.23

Elliott wave Ripple analysis

The XRPUSD market has finished the large linking wave (X). There is unfolding a new bearish motive wave as a standard zigzag [A]-[B]-[C]. The first impulse wave [A] is unfolding currently, with sub-waves 1-2-3-4 completed inside. The Ripple price should continue declining in sub-wave 5 towards a level of 0.646.

Trading plan for XRPUSD today:

Sell 0.716, Take profit: 0.646

Elliott wave Ethereum analysis

The ETHUSD market has also completed the large linking wave [X]. A new bearish trend started unfolding as a standard zigzag [A]-[B]-[C]. Impulse [A] and correction [B] must have completed. The price is forming the final wave [C] as a descending impulse, with sub-waves (1)-(2) completed inside. The price should be moving in sub-waves (3)-(4)-(5) towards a level of 1744.61.

Trading plan for ETHUSD for today:

Sell 1877.35, Take profit: 1744.61

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