Elliott wave analysis BTCUSD, XRPUSD and ETHUSD today (7 July 2021)
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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 pairs should soon finish leading diagonals and start declining in corrective waves.
The article covers the following subjects:
Elliott wave Bitcoin analysis
The upward wave (A) continues developing as a leading diagonal composed of sub-waves 1-2-3-4-5. There should be developing the final wave of the diagonal, the upward wave 5. Wave 5 looks like an ending diagonal, as wave  finished further than wave . The price should be moving in wave  composed of sub-waves (3)-(4)-(5) to a level of 38100.00.
Trading plan for BTCUSD today:
Buy 34692.50, TP 38100.00
Elliott wave Ripple analysis
The XRPUSD market is developing the upward wave A as a leading diagonal. There have completed sub-waves 1]---. There is unfolding the final sub-wave  as a five-wave impulse (1)-(2)-(3)-(4)-(5). Therefore, the price should be rising in waves (3)-(4)-(5) to a level of 0.760. One could enter long trades in the current situation.
Trading plan for XRPUSD today:
Buy 0.671, TP 0.760
Elliott wave Ethereum analysis
There must be forming the initial part of the bullish simple zigzag [A]-[B]-[C]. Wave [A] is likely to be a leading diagonal. There have completed the first four parts. There should be forming the final wave of the diagonal, sub-wave (5). The price could be rising to a level of 2555.00, marked by a short correction 2. One could enter buy trades in the current situation.
Trading plan for ETHUSD today:
Buy 2379.96, TP 2555.00
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Price chart of BTCUSD in real time mode
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