Short-term analysis for BTCUSD, XRPUSD, and ETHUSD for 26.07.2024

Dear readers,

I’ve prepared a short-term forecast for Bitcoin, Ripple, and Ethereum based on the Elliott wave analysis.

The article covers the following subjects:

Highlights and key points

  • BTCUSD: an ascending wave 5 has started unfolding.
  • XRPUSD: the price is expected to rise in subwave 3. Consider buying from the current level with Take Profit at 0.703.
  • ETHUSD: an ascending wave 3 has started forming. Consider long positions with Take Profit at 3968.70.

Elliott Wave analysis for Bitcoin

Bitcoin‘s price is presumably forming the fifth part of a big impulse – subwave [5]. Once the corrective wave [4] has finished unfolding, a rise in the impulse subwave began. Subwaves (1)-(2) are most likely completed, and an impulse subwave (3) is currently unfolding, with four parts completed within. The price is expected to rise shortly in subwave 5 to 69424.27. At that level, the size of subwave 5 will be 50% of subwave 3.

Trading plan for BTCUSD for today:

Buy 66940.38, Take profit: 69424.27


Elliott Wave analysis for Ripple

Apparently, Ripple is forming the first part of a bullish zigzag – an impulse subwave [A] that includes subwaves (1)-(2)-(3)-(4)-(5). The final impulse subwave (5) is likely unfolding at the moment. Subwave 3, which is forming as part of subwave (5), is expected to end at around 0.703. Consider long positions in this scenario.

Trading plan for XRPUSD for today:

Buy 0.598, Take profit: 0.703


Elliott Wave analysis for Ethereum

A complex correction (B) is completed in Ethereum‘s chart. The market has reversed, and an ascending movement has started. The first part of a bullish impulse wave may be developing in the last segment of the chart. The first two small subwaves 1 and 2 – an impulse and a correction – are completed. The price may grow shortly in subwave 3 to the high of 3968.70, where the linking wave X finished forming earlier.

Trading plan for ETHUSD for today:

Buy 3246.88, Take profit: 3968.70


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:

  • I recommend trying to trade with a reliable broker here. The system allows you to trade by yourself or copy successful traders from all across the globe.
  • Use my promo code BLOG for getting deposit bonus 50% on LiteFinance platform. Just enter this code in the appropriate field while depositing your trading account.
  • Telegram chat for traders: https://t.me/litefinancebrokerchat. 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/litefinance

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 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.

Rate this article:

{{value}} ( {{count}} {{title}} )

This post is originally published on LITEFINANCE.

  • Related Posts

    Weekly Economic Calendar for 07.07.2025–13.07.2025

    02Jul.202503:10 Following the Fed meeting in June, the US dollar continues to face headwinds, while US stock indices have hit new all-time highs. This week, market participants will review the…

    Japan Seeks Removal of US Tariffs. Forecast as of 01.07.2025

    01Jul.202513:12 The 25% US import duty on cars is a significant headwind for Japan. Should it find common ground with the US, the USDJPY pair will likely continue to decline.…

    Leave a Reply

    Your email address will not be published. Required fields are marked *

    You Missed

    Weekly Economic Calendar for 07.07.2025–13.07.2025

    • July 2, 2025
    Weekly Economic Calendar for 07.07.2025–13.07.2025

    Swiss Regulator Pressures Swissquote Over Rising Cybercrime Risks: Report

    • July 1, 2025
    Swiss Regulator Pressures Swissquote Over Rising Cybercrime Risks: Report

    Tradeview Announces New License From UAE Regulator

    • July 1, 2025
    Tradeview Announces New License From UAE Regulator

    Interactive Brokers Posts Sixth Consecutive Month of Growth in Daily Average Revenue Trades

    • July 1, 2025
    Interactive Brokers Posts Sixth Consecutive Month of Growth in Daily Average Revenue Trades

    Interactive Brokers Posts Sixth Consecutive Month of Growth in Daily Average Revenue Trades This Year

    • July 1, 2025
    Interactive Brokers Posts Sixth Consecutive Month of Growth in Daily Average Revenue Trades This Year

    How to Spot False Breakouts in Forex and Avoid Losing Trades?

    • July 1, 2025
    How to Spot False Breakouts in Forex and Avoid Losing Trades?