Search
Products
Community
Markets
News
Brokers
More
EN
Get started
Community
/
Ideas
/
NEO - Expect correction to $34
NEO
Short
NEO - Expect correction to $34
By Alteroc
Follow
Follow
Updated
Jul 4, 2018
9
Cheer
Cheer
13
13
Jul 3, 2018
Dear all,
Yesterday was a nice ride for longs. Now things need to cool off a bit.
NEO was one of the strongest coins and I anticipate the following retracement to $34.
Assumptions:
- RSI overbought and in rising wedge
- Price face resistance and starts to retrace within rising wedge
Target is the 0.618 fib level of current extension.
All the Best from the Crypto Space
Alteroc
Not a Financial advise, be a better trader tomorrow than you are today by DYOR.
Jul 3, 2018
Trade active
NEO is still evolving in at the $37 mark.
2 options here:
- NEO makes an attempt to $40 before exiting wedge
- Or we will reach $34 within a day or two.
As always BTC will mainly decide.
Jul 4, 2018
Comment
On track
Jul 4, 2018
Trade closed: stop reached
alteroc
BTC
Chart Patterns
ETH
fib
Technical Indicators
NEO
neousd
NEOUSDT
Trend Analysis
Wedge
Related publications
ETH - Falling wedge - $420 reversal zone
by Alteroc
Published
NEO - Reversal expected at $27 to $29 area
by Alteroc
Published
BTC - Potential Diamond Bottom
by Alteroc
Published
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
.