cryptomanna

cryptomanna Updated 

NEO has been tracking in a bullish channel pretty nicely this past week. We are currently riding the upper limit of the channel. Barring any correction from BTC, we should be able to keep the current trend line in tact and see a push to ~$41, otherwise we could see a dump to the lower limit of the channel in tandem with a BTC correction, possibly to $28-30. I am...

cryptomanna

Just some personal thoughts, no real absolute conviction. Watching carefully day by day. Read on... The bears and bulls are definitely fighting right now. Some really want to see this thing tank so they can pick up coins cheap, others already have their positions in place and want to see a rally. Regardless of who wins, after looking at the charts I thought about...

cryptomanna

BTC is currently testing the upper limit of the current bear channel and the .5 fib retracement level from ATH. I would still be weary of entering large positions unless we can get over 4000-4100 with conviction. Until then, this could very well be whales trying to lure in a few more buyers before further correction. If you do decide to FOMO in, use tight stops in...

cryptomanna

BTC is clearly still in a bear channel. We have yet to break the downward trend line. Momentum can easily take us back to a retest of 3k for a potential double bottom bounce, that of which I assume will be rejected by the downward trend line approx. at $3400. If that becomes the case, I would expect us to sink to where the upward trend line intersects with the...

cryptomanna Updated 

At the moment, I'm bullish. If this breaks up, I will be even more bullish. If it breaks down, I won't be too concerned as long as we stay in this channel. If it breaks down out of the channel, I will start scaling out of some of my positions and see if we potentially move towards a double bottom. But, I'm really expecting to see the breakout and additional FOMO...

cryptomanna Updated 

Fib levels from last major breakout of ascending triangle. We fell through the .618 fib level (potential double bottom) with ease. I would expect to see strong support at the .786 level which would end the corrective C wave. Admittedly, this wave could correct deeper but not without a bounce here, in my opinion. Many are calling for a 100% retracement towards the...

cryptomanna Updated 

Fibs placed from last major run up. We already sunk the .5 and had a slight bounce off the .618 which is starting to form an ascending wedge. If it breaks downward, I will wait for a target entry around $215.