Short-term analysis for BTCUSD, XRPUSD, and ETHUSD for 05.07.2024

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Dear readers,

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

Key takeaways

BTCUSD: A complex correction [4] continues developing. The price is projected to drop to 52,391.91. A sell signal: after a breakout at 54,147.55. Stop Loss: 55,074.13, Take Profit: 52,391.91.
XRPUSD: The price may continue declining to 0.377. A sell signal: after a breakout at 0.3930. Stop Loss: 0.416, Take Profit: 0.377.
ETHUSD: The price is falling in a zigzag-shaped wave (Y), presumably to 2,806.27. A sell signal: after a breakout at 2,839.90. Stop Loss: 2,934.17, Take Profit: 2,806.27.

Elliott Wave… Read full author’s opinion and review in blog of #LiteFinance

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