soxinabox

soxinabox

ETH has broken out of the short term (1 week) channel It is currently still in the medium term downtrend channel started on May 5th It is also in a short term uptrend channel started on May 28th Facing psychological and fibonacci resistance at $600 Facing downtrend and fibonacci resistance at $650 If it breaks above $650, we can consider it a break of the...

soxinabox Updated 

We can see an obvious head and shoulder formation about to break Short target: $506 Stop loss: $560

soxinabox Updated 

ETHUSD broke out of both the downtrend resistance line and 0.786 fib resistance level with significant volume at around 2018-05-29 7AM EST. Expecting upward movement to resistance at $600 then a retrace back to $540. Be aware that we are still in the downtrend channel started on May 5th until a significant break above $650. Notice the bullish divergence before...

soxinabox

XMRUSD has been in major corrective waves since early 2018. It is now touching a major support level. Daily chart: RSI and stochastic oscillators are oversold MACD is losing momentum Approaching 0.786 fib retracement for the rally from August 2017 to December 2017 Elliot impulse waves 1-5 and correction waves are complete Ready for new waves up First target...

soxinabox Updated 

This is my first published analysis after spending some time learning about TA and charting. All signs on the ETHUSD point to a bearish continuation towards $465 in the next few weeks. It is currently forming a triangle on the hourly chart with resistance at the 0.5 Fibonacci retracement level ($600). When it breaks out, I expect it to break downward towards $510...

soxinabox Updated 

XRPUSD is currently in a downtrend channel, but is approaching Fibonacci levels 0.786 at 56 cents and 1 at 46 cents. The plan here is to wait for a bounce off one of the levels as well as a MACD or SMA crossover to go long, and take profit near the corresponding upper level. Set a tight stop at 3% under your entry fib level. Let's see what happens!