Home News Short-term forecast for BTCUSD, XRPUSD and ETHUSD 19.07.2022

Short-term forecast for BTCUSD, XRPUSD and ETHUSD 19.07.2022


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.

The BTCUSD and ETHUSD should start bearish waves, and the XRPUSD will continue forming the corrective wave.

The article covers the following subjects:

Elliott wave Bitcoin analysis

The BTCUSD market is forming the motive wave W as a standard zigzag [A]-[B]-[C], with the final impulse wave [C] unfolding inside. The first three sub-waves have completed in the [C] impulse, and correction 4 seems to have finished as a triple three [W]-[X]-[Y]-[X]-[Z]. Therefore, the Bitcoin price should be declining in sub-wave 5 to a low of 17550.03.

Trading plan for BTCUSD today:

Sell 22825.50, Take profit: 17550.03

Elliott wave Ripple analysis

The XRPUSD market continues forming the descending wave (Y) as a triple zigzag, with the final motive wave Z developing inside. Wave Z should soon end as a zigzag [A]-[B]-[C]. There is forming the bearish impulse wave [C], with correction (4) developing inside. Correction (4) should end as a standard zigzag at a level of 0.385, the high marked sub-wave A.

Trading plan for XRPUSD today:

Buy 0.363, Take profit: 0.385

Elliott wave Ethereum analysis

The ETHUSD continues forming the linking wave (X), with the final wave Z developing inside as a standard zigzag. Bearish impulse wave [C] must be unfolding within the Z wave. Correction (4) of [C] must have completed as a double zigzag W-X-Y. The Ethereum price should be falling in sub-wave (5) to a low of 875.00.

Trading plan for ETHUSD today:

Sell 1599.25, Take profit: 875.00

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Ask me questions and comment below. I’ll be glad to answer your questions and give necessary explanations.

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The content of this article reflects the author’s opinion and does not necessarily reflect the official position of LiteFinance. 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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