Time to Sell Ripple? Analysis: Litecoin, Stellar Lumens, Bitcoin, Ethereum, Dash & Zcash
I will go out on a limb here and say it’s time to buy ltc. There is a little bit of room to the Fibonacci vortex support, but not much. Firm support ~ $23. Lets look at the Gann setup:
Here the picture is the same. There was a spike low exactly at the end of the square, but recovered quickly to above the 5th square. I believe the low is in. We will see.
Ethereum is sitting on long-tern 2×1 support and is exactly 90 degrees (dotted vertical line) after the beginning of this setup. It’s an energy time, so my guess is a rally will begin shortly. We will see…
DASH has just about gotten through 3rd arc resistance. I would wait for confirmation before buying, but this may be getting ready to do something also.
This 12 hour chart suggests another 3-4 days of rallying to ~ $2100. When it gets there it will be a good idea to take some profits, IMHO.
XLM has closed above the 5th arc. The top of the 5th square is tough resistance. If it gets past there I will need to re-size my setup. Let’s see what happens…
Ripple is at 5th square resistance. This is pivotal. If it goes higher I will need to re-size my setup. But it’s a good place to take some profits, IMHO.
ZECUSD looks weak, but it should be watched because it is almost at the end of the setup. Reversals/accelerations often happen here. Also, note that the 2×1 has provided excellent support for a very long time, and it is not far away.
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.