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.
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.
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.
Note
On track Trade closed: stop reached
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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.
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.