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BTC
$57,242.13
-1.84%
ETH
$4,639.53
+4.18%
LTC
$209.18
+1.08%
DASH
$180.01
-2.13%
XMR
$240.07
+1.66%
NXT
$0.02
-1.84%
ETC
$48.70
+0.39%
DOGE
$0.22
-0.69%
ZEC
$222.44
-11.13%
BTS
$0.05
-1.54%
DGB
$0.05
-1.35%
XRP
$1.00
+0.38%
BTCD
$143.79
-1.84%
PPC
$0.90
-1.53%
CRAIG
$0.01
-1.84%
XBS
$2.41
0%
XPY
$0.01
0%
PRC
$0.00
0%
YBC
$5,800.98
0%
DANK
$0.02
-1.84%

Elliott wave analysis BTCUSD, XRPUSD and ETHUSD today (2 July 2021)

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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.

The cryptocurrency market should be declining next week.

The article covers the following subjects:

Elliott wave Bitcoin analysis

The BTCUSD market continues forming the fifth wave of the long-term impulse wave [A]. Wave (5) is composed of sub-waves 1-2-3-4-5. The first four parts must have completed. Therefore, there should be developing wave 5. It should end at a level of 28750.00. It is the low marked by the bearish impulse wave 3. One could enter sell trades in the current situation.

Trading plan for BTCUSD today:

Sell 33139.00, TP 28750.00


Elliott wave Ripple analysis

The XRPUSD market is forming the final leg of the zigzag-shaped wave (W). In the final impulse wave C, there is unfolding the bearish impulse (5) of a smaller degree, it is composed of sub-waves 1-2-3-4-5. The corrective wave 4 seems to have completed, and the market is moving down in the descending wave 5. Wave 5 should end at a level of 0.500, the previous low. One could enter sell trades in the current situation.

Trading plan for XRPUSD today:

Sell 0.642, TP 0.500


Elliott wave Ethereum analysis

The ETHUSD market, like the BTCUSD, is forming the final leg in the bearish impulse wave A. The long-term correction (4) must have completed as a bullish double zigzag in impulse [5]. Therefore, there is unfolding the final wave (5), which should end at a level of 1700.00, which is the previous low marked by wave (3). One could enter sell trades in the current situation.

Trading plan for ETHUSD today:

Sell 2049.97, TP 1700.00


P.S. Did you like my article? Share it in social networks: it will be the best “thank you” 🙂

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

Useful links:

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  • Telegram chat for traders: https://t.me/liteforexengchat. We are sharing the signals and trading experience
  • Telegram channel with high-quality analytics, Forex reviews, training articles, and other useful things for traders https://t.me/liteforex

 

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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