NEO - End of falling wedge - $39 and $42 target points
Updated
Dear all,
Here is an update on NEO.
NEO is completing is correction in a larger Elliot Wave triangle.
Currently at the bottom if this triangle, short term price action is bounded into a falling wedge.
UPWARD breakout --> $39 and $42 targets
DOWNWARD breakout. --> $36 and $33 targets
All the Best for the Crypto Space.
Alteroc
AI Trader assistant, includes Bitmex (15% discount) --> app.aitrader.ai/referral/ap3m9
twitter.com/alteroc_trading
Here is an update on NEO.
NEO is completing is correction in a larger Elliot Wave triangle.
Currently at the bottom if this triangle, short term price action is bounded into a falling wedge.
UPWARD breakout --> $39 and $42 targets
DOWNWARD breakout. --> $36 and $33 targets
All the Best for the Crypto Space.
Alteroc
AI Trader assistant, includes Bitmex (15% discount) --> app.aitrader.ai/referral/ap3m9
twitter.com/alteroc_trading
Comment
Broke out without strength, let's watchComment
Currently watching the $31 level for the end of the 5th wave.This new target is based on Fibonacci price retracement:
Comment
Link to the new analysis:
Trade closed: target reached
Trade closed 1st target reached.$0.5 away from 2nd target, if you trailed stop it was nice profit.
Enjoy the profits in this bear market.
All the Best for the Crypto Space.
Alteroc
AI Trader assistant, includes Bitmex (15% discount) --> app.aitrader.ai/referral/ap3m9
twitter.com/alteroc_trading
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.