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Elliott wave cryptocurrency forecast today. Elliott wave analysis Bitcoin, Ripple, Ethereum

July 23, 2020

July 23, 2020

Elliott wave daily forecast for Bitcoin, Ripple and EthereumRoman Onegin

Elliott wave forecast for BTCUSD, ETHUSD, XRPUSD for today

Elliott wave[BTCUSD][1] analysis

![LiteForex: Elliott wave cryptocurrency forecast today. Elliott wave analysis Bitcoin, Ripple, Ethereum][2]

The BTCUSD continues forming the large upward impulse wave. The chart displays the structure of the last element of this bullish trend. It is clear that the corrective wave [4] completed. This correction is composed of three sub-waves (W)-(X)-(Y). The market is now forming the initial part of the new impulse wave. There have completed two small sub-waves (1) and (2). The third wave should be developing over the next few weeks.

Elliott wave[XRPUSD][3] analysis

![LiteForex: Elliott wave cryptocurrency forecast today. Elliott wave analysis Bitcoin, Ripple, Ethereum][4]

The XRPUSD market is developing the upward impulse wave © that may conclude the global zigzag-shaped wave [Z]. Wave © is composed of the sub-waves 1-2-3-4-5. The down corrective wave 4 has recently completed as a double-zigzag [w]-[x]-[y]. Next, the market has resumed rising. There is now developing the third element of the final impulse 5. The price should be rising in wave [3] over the next few weeks. Next, the price could start declining in the corrective wave [4]. After that, the market will again rise in wave [5], as it is outlined in the chart.

Elliott wave[ETHUSD][5] analysis

![LiteForex: Elliott wave cryptocurrency forecast today. Elliott wave analysis Bitcoin, Ripple, Ethereum][6]

The ETHUSD market continues forming the upward ending diagonal that is composed of five sub-waves 1-2-3-4-5. The first four elements of this ending diagonal have completed. The market is now rising in wave 5 that is developing as a zigzag [a]-[b]-[c]. Impulse wave [a] and corrective wave [b] have completed. There is now developing the downward correction (4) of impulse [c]. The price should decline a little in correction (4). Next, the market should be rising in wave (5) to a level of 278.00, as it is outlined in the chart.

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![Elliott wave daily forecast for Bitcoin, Ripple and Ethereum][9]

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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  1. my.liteforex.com/trading/chart?symbol=BTCUSD
  2. cdn.liteforex.com/cache/uploads/blog_post/wave-analysis-crypto/23-07-2020/BTCUSDH2.png?w=30&s=50ded20b3f4d9cd37d31e15431abe20a
  3. my.liteforex.com/trading/chart?symbol=XRPUSD
  4. cdn.liteforex.com/cache/uploads/blog_post/wave-analysis-crypto/23-07-2020/XRPUSDH2.png?w=30&s=c8cc2dc0ca2ac60908f3b5968ffc583f
  5. my.liteforex.com/trading/chart?symbol=ETHUSD
  6. cdn.liteforex.com/cache/uploads/blog_post/wave-analysis-crypto/23-07-2020/ETHUSDH2.png?w=30&s=5bd67d67c54a0e019cfb275531fa2857
  7. my.liteforex.com/?category=analysts-opinions&slug=elliott-wave-daily-forecast-for-bitcoin-ripple-and-Ethereum-2020-07-23&openPopup=%2Fregistration%2Fpopup&utm_source=blog&utm_medium=article&utm_campaign=bonus
  8. my.liteforex.com/deposit/?category=analysts-opinions&slug=elliott-wave-daily-forecast-for-bitcoin-ripple-and-Ethereum-2020-07-23&promo_code=BLOG&utm_source=blog&utm_medium=article&utm_campaign=bonus
  9. cdn.liteforex.com/cache/uploads/blog_post/wave-analysis-crypto/23-07-2020/BTC-eth-xrp-23-07-2020-wave-analysis.jpg?q=75&w=1000&s=6c07a29482a08f5faad3064659c4e361