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Fig. 6 | Financial Innovation

Fig. 6

From: Energy crypto currencies and leading U.S. energy stock prices: are Fibonacci retracements profitable?

Fig. 6

Source: S&P 500 Dow Jones Indices, Coinmarketcap, and Factset

Energy crypto prices and trends (Nov 2017–Jan 2020). Note: The four energy cryptos are also listed, namely SunContract (SNC), Powerledger (POWR), Grid + (GRID) and Energo (TSL). A trend is assumed to come into existence if the slope of the last 50 days is greater or less than zero. An upward (downtrend) trend is in place when the slope is positive (negative). The grey (white) areas signify periods with uptrends (downtrends).

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