We have been suggesting here and on twitter like a broken record that the ETH and XBT trades were hyper-extended and overdue to correct. It looks like big money and/or hostile forces have taken advantage of the two corrections to force out weak hands from many altcoins. These are the days when if you are not leveraged, you ought to play golf or take the kids to the park. The current selling will end, so if you are not leveraged, and if you failed to sell the highs, it might be a good idea to just relax and take a break. Markets will almost certainly rise again in a few days, like the phoenix. No need to panic.
ZEC is looking like a great trade. Both short term and longer term charts have a bullish feel to them.
This 60 minute chart (bear setup) showed support was found at the 5th pair and the top of square, as shown above.
This bull setup on a 144 minute chart shows pricetime exiting a 2nd pair. Resistance at the top of square is ~ $360. However, if this rally gets going, the 3rd and 5th pairs are MUCH higher.
For the astro-traders in the audience, today (5/27 -5/28) sees a myriad of different planetary alignments that suggest today is a day to watch. For example, Mars has rotated 120 degrees (trine) since the start date of this coin, as of today.
Stellar Lumen has bounced off the low pretty well, but there is reason to believe that the bounce will fail. The 4th arc and 5th arc pairs may need to be touched before this correction will end.
LTC has found support, again, at a longer-term Gann angle. If that angle fails, not expected but possible, the fall might be painful. Traders might want to put a stop under that angle, if they have not done so already.
Dash has found support at a longer-term angle, but the short-term bear setup suggests that the arc pair supporting it is weak. A re-test is likely. My guess is that a test of the 3rd arc is likely in the cards. Traders might want to put a stop below that Gann angle, or below that arc, with a buy order ~ $100.
Remember: The author is a trader who is subject to all manner of error in judgment. Do your own research, and be prepared to take full responsibility for your own trades.