Just a rough idea of price direction if a break occurs. Buy zone red if we break. If we push take profit at the green box and wait for a SR flip, confirmation and a push to higher resistance.
Long BUY green line 25% 25% 50% red line 50/50% tp 1 and 2 stop loss white line
We saw a good weekend movement and we finally broke the 100 EMA on the daily chart but will start to face some local resistance with the ichimoku cloud and the 200 EMA average. We will surely need more volume to satisfy these moves but overall the market has looked very healthy today! TP Targets TP 1 - $10.12 TP 2 - $10.62 TP 3 - $11.30 Selling Targets 1 -...
Position on 8.936 TP MAx (Full risk ) 9.549 Preferred on 5% on 9.382 Good luck every one
I think we already completed the ABC downtrend and is now entering anew uptrend. holding above the support from wave 4 of previous trend. we can also see a hidden bullish divergence as well as a head and shoulder pattern from the start of the wave 1. put a stoploss at 8.30 below the red line.
Some good profit on the way while climbing up
NEO is currently on a strong support. However I will be long on the trend line (blue rectangle) that match with the 61.8 % retracement Bitcoin will lead the trend again. Please like if you appreciate my analysis.
Closing the pennant with a Elliot Wave. Just ideas from a noob (TA-wise). What do you think of NEOs current situation?
NEO USDT SUPPORT RESISTANCE UPDATED!
Hello, Here is the chart for Neo/Usdt - Trading zone. When in range buy green, sell orange.
It is following the 1/2/3/4/5 pattern, and broke trough the support area it had in jan/feb. Crypto will continue to go down, stay strong and short positions at these market conditions. HAPPY TRADING FOLLOWERS!
What's up traders, straight into the analysis! Here we are analyzing NEO/USDT on the 1D chart. We can see a classical signal for a breakout, candle with short body and long tail. For entry, you can wait than candles to break out the black tunnel. First Target Fob 0.5 --> 104.99 to 110 $ Short position Second Target Fib 0.236--> 128 to 135 $ Long position...
First of all this is my post on here so for mistakes & misunderstandings. I know Elliot is not clear enough so I wanted to support it with parabola. And I also know the correction of Elliot should be more dip but 100 USD is the psyhcological border in my opinion. MACD is a bit freak as you see. Volume osc looks like it want to make a new rebuy zone RSI is...