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A Monster Matrix Structural Wave? | Master NEO Thread
NEO has been consolidating since the formation of its 
ATH at $58 in August 2017. I am anticipating the following scenario to unfold over the next 3 to 6 months if we break the former ATH, although the pattern may catch on and we could breakout earlier. This will be my master NEO thread.
There are two approaches here. You can either try to catch the bottom on the smaller TFs at $31.10 or $20.85 (if we break down). Or you can fetch the breakout at $58.66.
Take some time to familiarize with my trading approach:
forextradingstrategies4u.com/123-forex-trading-strategy/
As always, I'll update this ideas with both long and short trades.
Cheers and GLWT!
-Erik
ATH at $58 in August 2017. I am anticipating the following scenario to unfold over the next 3 to 6 months if we break the former ATH, although the pattern may catch on and we could breakout earlier. This will be my master NEO thread.There are two approaches here. You can either try to catch the bottom on the smaller TFs at $31.10 or $20.85 (if we break down). Or you can fetch the breakout at $58.66.
Take some time to familiarize with my trading approach:
forextradingstrategies4u.com/123-forex-trading-strategy/
As always, I'll update this ideas with both long and short trades.
Cheers and GLWT!
-Erik
Nota
Bottom?Nota
OK, so we broke support in the BTC chart, now this is the 0.11 fibo key resistance level. Above it we are very bullish, below it we are still finding ground.Nota
OK....so we have a full retrace on our hands... excellent :)The 0.11 fibo is the next big support:
And the uptrend line is broken here... looking for the next one and the max consolidation at 0.11 fibo
Nota
I don't think we will get to the alternative buy area in the USD chart, so watch the trend line for a buy. But we should kiss the alternative buy area in the BTC chart.Nota
Nice hook?Watch for a selloff against BTC. We have a reversal pattern, but its not confirmed yet,
Nota
Nota
We got the breakout!Operación cerrada: objetivo alcanzado
We nearly kissed MID TP!ANyway, we hit my target in the NEOBTC chart, so I'm out of this trade for now ;)
Nota
Watch for further upside.Nota
Watch for breakdownNota
Looks like NEO is breaking down. Old support is now resistance.Nota
Oh the fortunes we made ;)
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Publicaciones relacionadas
Exención de responsabilidad
La información y las publicaciones no constituyen, ni deben considerarse como, asesoramiento o recomendaciones financieras, de inversión, de trading u otro tipo, proporcionadas o respaldadas por TradingView. Obtenga más información en Condiciones de uso.