Time to Sell Ripple? Analysis: Litecoin, Stellar Lumens, Bitcoin, Ethereum, Dash & Zcash

Litecoin

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

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

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.

Bitcoin

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.

Stellar Lumens

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

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.

Zcash

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.

Author:
Jim has an MBA from the University of Southern California. He has had a long career in both Corporate Finance and IT. Along the way he discovered that trading was a vehicle with great promise, but struggled for a long time without a mentor. After having been knocked down many times and having struggled to get back up, he had an epiphany and realized that geometry was a solution. He shares his experience here. If you do well as a result of suggestions made here, feel free to say thank you :) BTC: 1FUq3GB1Q8zz2JpuBr7YHzVBKnaWoxgmya Follow him on Twitter (@jimfred1276) or email him at jimfred1276 at gmail.
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