Pretty tricky to make a chart for such a pump, but lets give it a try:
Based on Fibonacci, target for leg 3 would be the blue box where we are right now. If (a big IF) we retrace from here, it could go back to (4) for a next leg up.
All indicators show overbought and retrace possible (indicators are not leading for me, just a tool).
Don't get caught in the hype! Trade what you see, not what you think. Use proper risk management with these kind of pumps.....
If you like my ideas, give a like and check my others ;-)
Happy trading!
Based on Fibonacci, target for leg 3 would be the blue box where we are right now. If (a big IF) we retrace from here, it could go back to (4) for a next leg up.
All indicators show overbought and retrace possible (indicators are not leading for me, just a tool).
Don't get caught in the hype! Trade what you see, not what you think. Use proper risk management with these kind of pumps.....
If you like my ideas, give a like and check my others ;-)
Happy trading!
Note
quick update: it extended a bit further...exactly on the next fib level.I'm detetcting a trend reversal pattern right now. Lets see
Note
The pump was too strong :-)NEO went parabolic....Lets wait till it gets a bit more settled amd see if I can detect a pattern.
Note
New try ;-)NEO broke out of the channel, retested that trendline and looks to me as it goes testing again. Currently I'm detecting a bullish pattern, depending on the strength we can see a further retrace to the blue box or a bounce from the trendline.
Watch priceaction near trendline, a strong bullish candle is a buy signal.
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Publications connexes
Clause de non-responsabilité
Les informations et publications ne sont pas destinées à être, et ne constituent pas, des conseils ou recommandations financiers, d'investissement, de trading ou autres fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.