(+) Analysis: Ripple, Dash, Stellar Lumens, Bytecoin & Gnosis

Ripple

Ripple gave a false break (highlighted) when it closed above the arc.  It was a buy signal which I tweeted, but then price fell back to the arc again.  It happens.  There is a 1×1 from the swing low which should support price at .32 (assuming the bull market is still intact).  Below there is a good place for a stop, IMHO.

DASH

DASH found support at the top of the square and is trying again to penetrate the 4^th arc.  A buy signal will be given when/if price closes above the arc.

Bytecoin

I looked at this chart the other day in response to a readers query (BCNBTC). At the time I thought that it might take a couple weeks to recover, but just two days later it is testing the ATH again.  The 5^th arc is close though at 25.  Alas, Kraken does not support this coin so I won’t cover it very often.

Gnosis

This coin doesn’t get much coverage, so it has not been on my radar screen.  But I see it has done quite well. 5^th arc approaches at ~ $230

Stellar Lumens

XLM has been a bit of a mystery to me.  IMHO it was clearly a coin to be in.  It has been moving up steadily for weeks, but even when it was flirting with an all time high it was still getting no volume.  I almost gave up on it.  I actually entered a sell order last night before I slept.  But then I looked at the chart again and decided to cancel the sell order, because the chart was simply too bullish to sell.  Then I woke up to see a new ATH and a 5^th arc in sight at ~ .075.  Life is good…

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.