The_Fib_Kid

Cypher / Shark Pattern on Fuel

Long
BINANCE:FUELBTC   None
Potential harmonic pattern on Fuel, i don't like that B has retraced past the 0.618... which is the rule for both patterns... but this is crypto and its not as if its .707 or .786, only a few points past it. The BC leg completed an AB= CD in an extension form of 1.13 for the BC leg to contain a corrective structure is a big bonus... the 1.13 ext landed right on support at 150. Either way you look at it, if this has bottomed out the upside potential is huge. RSI is around the 40 region on the Weekly, which is the bullish support zone, another big bonus in my eyes, Stoch RSI about to cross, and the Composite Index has made a double bottom.

The Fib Kid
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