FibnFork

FibnFork Updated 

NEO surged higher against a sea of red in the crypto market. Peak of current surge has run into 2 fib extension levels: 2.618 (10th -> 19th-> 22nd) .764 (11th -> 13th -> 14th) Also the 80 RSI level which coincides with its trend Also broke through upper bound trend line + speculative pitchfork. Interested to see if either level acts as some support.

FibnFork Updated 

Current surge running into 2 fib extension levels + RSI divergence capping bullish momentum. Interested to see how this 4H candle finishes. Will come back with an update when that happens

FibnFork Updated 

Just some things to note if your looking at shorter time frame btcusd charts. Down-trending Parallel channel capping momentum to the upside. Mid point been pivoting advances/declines. Rsi trend upwards off range lows. .236 fib levels 6th jan - 11th jan decline

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From a purely technical standpoint this structure looks solid. With any investment into an altcoin, look at the likelihood the tech is realistic, the whitepaper and the team behind it. Not going to promise you a ridiculous % gain like others do. This would be a trade based off technicals.

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Fast approaching top of channel + rsi trend line. .618 fib retracement of june 2016 - oct 2016 lows + .382 retrace of 2014-2016 decline in area above channel Need confirmation of a change in dollar bearish sentiment DXY hitting september 2017 lows

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Still in need of a confirmation in turn around of the current dollar trend but strong key levels being tested around this level on EURUSD 0.5 fib retrace off 2014-2017 decline Long term key pivoting level for EURUSD around ~1.215 (June 2010 + July 2012) Top of near term parallel channel. 5th wave = 1st wave here. RSI divergence on multiple time frames which...

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Good support around this level (where 1st wave ended + acted as previous resistance) Fundamentals (mainly brexit) will dictate every trade involving the GBP. Tight stops needed. Break below the 1st wave (blue line) will negate the trade

FibnFork Updated 

Trend line that was broken on 29th december is now being tested as support Is also the mid point in the long term channel & .5 fib retrace off brexit crash and subsequent lows Short term look; Parallel channel + support at 20 RSI

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Few prods below it rebounding nicely off the .764 retrace 30th Dec - 5th Jan climb has left the parallel channel intact and produced some bullish looking candles on the 4H chart. Looking for a break to upside of near-term channel for momentum to pick up: 1h RSI divergence:

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3rd wave in place after false breakout? Break back below 134.285 to confirm false breakout. Levels to look for on way down Near term narrow channel Pitchfork mid line + wave channel mid line .236 fib level of 2nd-3rd wave climb

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Price pivoting off trend line + previous levels of sup/res 4H candles suggest waning bearish sentiment

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Mid point of channel .236 retrace off Aug 2015- Nov 2016 decline Area acted as support/resistance area before 100DMA

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A deviation in trend from the interest rate expectations pushed the index lower throughout 2017. The hawkish outlook of the fed & already high interest rate (compared to other major central banks) haven't stopped a push lower. Always good to keep a look at the dollar index before making trades involving it. Technicals The fairly recent break below the 200DMA...

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4th wave being formed? short term support at 1.675 Levels that could act as end of 4th wave : .382 retracement of wave 2 - 3 rise (also previous resistance in september) .5 retracement of long term downtrend (august 2015 - feb 2017) .5 retracement of wave 2 - 3 rise / .382 retrace of wave 0 - 3 rise Assuming levels dont breach wave 1 (1.623) this...

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Upward trend from October 2016 has produced many channels/wedges that have been narrowing over time. Another breakout to the upside coming? Or a rebound back towards parallel mid line? Some economic data coming tuesday for JPY in the form of cash earnings and consumer confidence & wednesday for GBP with industrial and manufacturing production. See if this...

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Good base to start a pump higher. List of supports : Spike low of 20nd december decline + 0.382 fib retrace of 17th - 22nd Parallel channel .618 retrace of 1st wave up which is a usual retracement the 2nd wave makes in elliott wave theory. Also coincides with 1st wave high + 4th wave low in the minor wave of 1st wave. Would like to see more indicators that...

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Price action rejected at parallel channel high. Along with a nice bearish candle pattern on daily chart See a push through current channel for a pick up in momentum Expecting a retest of triangle pattern intersection which also coincides with .5 fib retrace of current trend higher (30th dec - 6th jan) Roadblocks along the way will be .382 retrace + mid line of...

FibnFork Updated 

Area we're looking at Previous 27th december high of $16490 .618 retrace of 17/12 -> 22/12 fall Near term end of 5th wave? Parallel channel connected off 1st-3rd/2nd-4th waves seem to indicate it .1 extension off 2nd - 3rd - 4th wave Rsi nearing 80 Medium term Channel high at ~17k