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.

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 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.

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.