Cryptocurrency Market Analysis Today: BTC, XRP, ETH 24.07.23

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Cryptocurrency Market Analysis Today: BTC, XRP, ETH. Short-term forecast for BTCUSD, XRPUSD and ETHUSD 24.07.2023. 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 article covers the following subjects:

Elliott Wave Bitcoin analysis

The BTCUSD market must have completed the horizontal correction [4] as a flat (A)-(B)-(C). The market has turned up and started forming the bullish wave [5] as an impulse (1)-(2)-(3)-(4)-(5). There should be unfolding sub-waves (3)-(4)-(5), and the price should reach level 32139.93. One could enter long trades in the current situation.

Cryptocurrency Market Analysis Today: BTC, XRP, ETH

Trading plan for BTCUSD today:

Buy 29763.77, Take profit: 32139.93


Elliott wave Ripple analysis

The XRPUSD must be forming an impulse structure. Sub-wave [1] of the potential impulse must have finished, and the market should be forming correction [2] as a zigzag (A)-(B)-(C). This correction could end at a level of 0.823, where wave [2] will retrace 76.4% by [1]. One could enter long trades in the current situation.

Trading plan for XRPUSD today:

Buy 0.728, Take profit: 0.823


Elliott wave Ethereum analysis

The ETHUSD is forming the bullish impulse (1)-(2)-(3)-(4)-(5). Correction (4) must have completed as an expanding triangle A-B-C-D-E. The final wave (5) should be unfolding at the most recent chart section. The price could go up to a level of 2132.50.

Trading plan for ETHUSD for today:

Buy 1868.47, Take profit: 2132.50

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