Livermore Launch: Ethereum (ETH), EOS, Monero (XMR), Ripple (XRP), and Stellar (XLM)

May 13, 2019 / by Bill Noble

Recently, we used the work of Jesse Livermore to catch the move in Bitcoin (BTC) to $7500. Jesse Livermore was a technical analyst from the early 1900s. He was featured in a famous trading book “Reminiscences of a Stock Operator.”

We have been using his ingenious construct called the Livermore Speculative Chart. This chart structure shows an upward sloping zig-zag consolidation usually comes just before a big parabolic move up (Figure 1).

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We have applied his work to a variety of big coins. Our conclusion is that upside potential is massive. The list below are the Livermore charts and upside targets for a variety of big coins.

Livermore analysis shows Ethereum (ETH) could move to $400 (Figure 2).

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Livermore analysis shows EOS could move to $10 (Figure 3).

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Livermore analysis shows Monero could move to $115 (Figure 4).

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One of the biggest moves could be in Ripple (XRP). Ripple’s chart is shown in Figure 5. The upside target could be $1.20.

 

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The upside target in Stellar (XLM) could be 0.35$ (Figure 6).

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Bottom Line: Based on Livermore’s work, the rally in crypto is only starting. Based on these charts a massive parabolic move is set to begin in big coins. Nobody really seems to be talking about how much these coins could move to the upside…nobody except us.

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