Major ALT currencies update
The targets of daily charts that I post are valid for up to 12 days and a new update is necessary only if market conditions change to such an extent that those targets are no longer valid. That's what we are witnessing at the moment. Currently, there's a clear decoupling of all major ALT currencies from BTC performance whatever the reason behind it and the most pronounced case of such a decoupling is DASH.
DASH/USD currently sits on the top of the very strong dynamic support made up by the Gann's Square of 9 daily congestion zone and should be bouncing from here. I usually don't show it to keep my charts off being too technical. Today I make an exception because it can bounce any moment from now until $285 level where this dynamic congestion zone is at its strongest influence.
The volatility though implies targets as low as $246 and DASH can drop to this level only on the back of the very negative sentiment whatever the reason behind it.
https://www.mql5.com/en/charts/7699582/dshusd-d1-fxopen-investments-inc
ETH is in no man's land at the moment sitting between 2 trigger levels. If it closes above $301 on the daily basis the volatility implies continuation to a minimum of $320. On the other hand a daily close below $291 implies going down to minimum of $266
https://www.mql5.com/en/charts/7699637/ethusd-d1-fxopen-investments-inc
LTC also sits between 2 trigger levels - $54.5 to go up and $53.36 for the downside. A daily close above or below these levels respectively implies targets as shown on this chart.
https://www.mql5.com/en/charts/7699680/ltcusd-d1-fxopen-investments-inc
Thank you for the update mate, darn LTC needs to start running upwards now!!
My bets on litecoin rise. and yes i hold
Thank you! Upvoted
Thank you for posting your TA! upvoted
Always nice to see how your analysis plays out. Thanks srezz!
the decoupling has been interesting, seems LTC is struggling most post china news, seems to make sense i guess since LTC was a popular coin among the chinese. thanks
Good day Srezz, woukd you be willing to do TA on General Eletric?
Just for you.
It looks like GE stock is rolling over with the target of $21.67 within the next 5-6 weeks
https://www.mql5.com/en/charts/7716173/ge-w1-ava-trade-ltd
One thing to bear in mind though, - stealth money printing by the FED contrary to their own propaganda about finishing QE and balancing their books. In other words, I would not bet on any sizeable downside on any AAA US stock.
So, realistically for the next 5-6 weeks, I'd expect GE stock to oscillate within the range where my downside target is the lower border of it.
Wow thank so much. :)
I'm looking for more company's to invest in that are involved in wind power. I thought GE would be a good bet for a US company. I've already purchased stock in a company called DONG energy. It has rebranded this week. But I'am happy with the company and the direction it is taking towards "green energy" .
I think the holy trilogy will be when power/energy company's start mining/confirming crypto currency transactions, and build storage banks with the new solid state battery created by John Goodenough. I could carry on on this subject but will stop here.
Thank you.
You are absolutely right. Energy is the key to get cryptocurrency injected into the real economy. And if it is on the back of new, much more efficient energy sources then we are looking at a brand new technological order.