Time to Sell Ripple? Analysis: Litecoin, Stellar Lumens, Bitcoin,...
Array

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

-

- Advertisment -

Litecoin

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:

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

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

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

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

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

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

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

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

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

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

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

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

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

Source link

Latest news

Facebook’s Digital Wallet Name is Changing – From Calibra becomes Novi

The renaming of its digital wallet, from Calibra to Novi, was decided by Facebook, almost a year...

What is the Mysterious Pi that Doesn’t Belong to Cryptocurrencies?

Rarely do cryptocurrency websites refer to anything other than bitcoin. According to experts, the main reasons are...

To Kill A Dragon – How To Build An Honest Alternative To Sharing Economy Industry

The sharing economy is big business. Platforms like AirBnB, Uber, WeWork, Upwork, and others in the industry...

3 Beginner Friendly Ways to Make Money with Cryptocurrency 2020

In this article, we will explain how to make money with cryptocurrency in 2020. These methods are...
- Advertisement -Time to Sell Ripple? Analysis: Litecoin, Stellar Lumens, Bitcoin, Ethereum, Dash & Zcash

Blockchain, Bitcoin, and Mashed Potatoes

According to studies, over the next 5 years, many of the major supermarkets are expected to...

Different Facets of Biometric Authentication and How They Are Making A Difference in The Financial Sector

When we think of authentication in the true sense, then we find ourselves amid the different proven...

Must read

What is the Mysterious Pi that Doesn’t Belong to Cryptocurrencies?

Rarely do cryptocurrency websites refer to anything...
- Advertisement -

You might also likeRELATED
Recommended to you